Common use of COMPANY'S DEFAULT UNDER OBLIGATIONS Clause in Contracts

COMPANY'S DEFAULT UNDER OBLIGATIONS. If Trustee gives written notice to Contracting Party that the Company. has defaulted under the Obligations and requests that Contracting Party continue its performance under the Contract, Contracting Party shall thereafter perform for Trustee under the Contract in accordance with its terms, so long as Contracting Party shall be paid pursuant to the Contract for all work, labor and materials rendered thereunder, including payment of any sums due to Contracting Party for work performed up to and including the date of the Company's default.

Appears in 1 contract

Samples: Cash Collateral and Disbursement Agreement (Casino Magic of Louisiana Corp)

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COMPANY'S DEFAULT UNDER OBLIGATIONS. If Trustee gives written ----------------------------------- notice to Contracting Party that the Company. Company has defaulted under the Obligations and requests that Contracting Party continue its performance under the Contract, Contracting Party shall thereafter perform for Trustee under the Contract in accordance with its terms, so long as Contracting Party shall be paid pursuant to the Contract for all work, labor and materials supplies rendered or supplied thereunder, including payment of any sums due to Contracting Party for work performed or supplies supplied up to and including the date of the Company's defaultdefault (subject to the Subordination Agreement).

Appears in 1 contract

Samples: Consent to Assignment of Management Agreement (Isle of Capri Black Hawk Capital Corp)

COMPANY'S DEFAULT UNDER OBLIGATIONS. If the Trustee gives written notice to Contracting Party that the Company. Company has defaulted under the Obligations and requests that Contracting Party continue its performance under the Contract, Contracting Party shall thereafter perform for the Trustee under the Contract in accordance with its terms, so long as Contracting Party shall be paid pursuant to the Contract for all work, labor and materials rendered or supplied thereunder, including payment of any sums due to Contracting Party for work performed or materials supplied up to and including the date of the Company's default.

Appears in 1 contract

Samples: Cash Collateral and Disbursement Agreement (Riviera Black Hawk Inc)

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COMPANY'S DEFAULT UNDER OBLIGATIONS. If the Trustee gives written notice to the Contracting Party that the Company. Company has defaulted under the Obligations and requests that the Contracting Party continue its performance under the Contract, the Contracting Party thereafter shall thereafter perform for the Trustee under the Contract in accordance with its terms, so long as the Contracting Party shall be paid pursuant to the Contract for all work, labor and materials rendered or supplied thereunder, including payment of any sums amounts due to Contracting Party for work performed or materials supplied up to and including the date of the Company's default.

Appears in 1 contract

Samples: Collateral Assignment (Windsor Woodmont Black Hawk Resort Corp)

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