Common use of Authority Expenditures Clause in Contracts

Authority Expenditures. Use any Authority Property for a purpose ---------------------- which is not related to the business of Borrower or specifically contemplated hereby, expend any Authority funds for any purpose which does not directly or indirectly benefit Borrower, or make any Capital Expenditure using funds of Borrower or other Authority Property except to add to, further improve, maintain, repair, restore or refurbish Mohegan Sun and Related Businesses.

Appears in 2 contracts

Samples: Loan Agreement (Mohegan Tribal Gaming Authority), Loan Agreement (Mohegan Tribal Gaming Authority)

AutoNDA by SimpleDocs

Authority Expenditures. Use any Authority Property for a purpose ---------------------- which is not related to the business of Borrower or specifically contemplated hereby, expend any Authority funds for any purpose which does not directly or indirectly benefit Borrower, or make any Capital Expenditure using funds of Borrower or other Authority Property except to add to, further improve, maintain, repair, restore or refurbish Mohegan Sun and Related Businesses.

Appears in 2 contracts

Samples: Loan Agreement (Mohegan Tribal Gaming Authority), Loan Agreement (Mohegan Tribal Gaming Authority)

AutoNDA by SimpleDocs

Authority Expenditures. Use any Authority Property for a purpose ---------------------- which is not related to the business of Borrower or its Restricted Subsidiaires or specifically contemplated hereby, expend any Authority funds for any purpose which does not directly or indirectly benefit BorrowerBorrower and its Restricted Subsidiaries, or make any Capital Expenditure using funds of Borrower or its Restricted Subsidiaries or other Authority Property except to add to, further improve, maintain, repair, restore or refurbish Mohegan Sun Sun, Pocono Downs, other assets of Restricted Subsidiaires and Related Businesses.

Appears in 1 contract

Samples: Loan Agreement (Mohegan Tribal Gaming Authority)

Time is Money Join Law Insider Premium to draft better contracts faster.