Common use of Continuing Security Interest; Assignment Clause in Contracts

Continuing Security Interest; Assignment. This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its successors and assigns, (ii) inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee for the benefit of the Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and several. No other persons shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), any Lender may assign or otherwise transfer any indebtedness held by it secured by this Mortgage to any other person, and such other person shall thereupon become vested with all the benefits in respect thereof granted to such Lender, herein or otherwise, subject, however, to the provisions of the Credit Agreement.

Continuing Security Interest; Assignment. This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its respective successors and assigns, assigns and (ii) subject to the provisions of applicable Gaming Laws, inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee for and the benefit of the other Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and severalassigns. No other persons Persons (including, without limitation, any other creditor of Mortgagor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to the provisions of applicable Gaming Laws, any Lender Holder of the First Notes may assign or otherwise transfer any indebtedness held by it secured by this Mortgage to any other personPerson, and such other person Person shall thereupon become vested with all the benefits in respect thereof granted to such LenderHolder, herein or otherwise, subject, however, to the provisions of the Credit AgreementFirst Priority Indenture.

Continuing Security Interest; Assignment. This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its respective successors and assigns, assigns and (ii) subject to the provisions of applicable Gaming Laws, inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee for and the benefit of the other Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and severalassigns. No other persons Persons (including, without limitation, any other creditor of the Mortgagor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to the provisions of applicable Gaming Laws, any Lender Holder of the Second Notes may assign or otherwise transfer any indebtedness held by it secured by this Mortgage to any other personPerson, and such other person Person shall thereupon become vested with all the benefits in respect thereof granted to such LenderHolder, herein or otherwise, subject, subject however, to the provisions of the Credit AgreementSecond Priority Indenture.

Continuing Security Interest; Assignment. This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its successors and assigns, assigns and (ii) inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee for the benefit of the Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and severalassigns. No other persons (including, without limitation, any other creditor of the Co-Issuers or any of their Subsidiaries) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), except to the extent, if any, prohibited under the Indenture, any Lender Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Mortgage to any other person, and such other person shall thereupon become vested with all the benefits in respect thereof granted to such LenderSecured Party, herein or otherwise, subject, however, to the provisions of the Credit AgreementIndenture.

Continuing Security Interest; Assignment. This Mortgage Deed of Trust shall create a continuing Lien on and security interest in the Mortgaged Trust Property and shall (i) be binding upon the MortgagorTrustor, its successors and assigns, (ii) inure, together with the rights and remedies of the Mortgagee Beneficiary hereunder, to the benefit of the Mortgagee Beneficiary for the benefit of the Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and several. No other persons (including, without limitation, any other creditor of any Borrower Party) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), any Lender may assign or otherwise transfer any indebtedness held by it secured by this Mortgage Deed of Trust to any other person, and such other person shall thereupon become vested with all the benefits in respect thereof granted to such Lender, herein or otherwise, subject, however, to the provisions of the Credit Agreement.

Continuing Security Interest; Assignment. This Mortgage Deed of Trust shall create a continuing Lien on and security interest in the Mortgaged Trust Property and shall (i) be binding upon the MortgagorGrantor, its successors and assigns, (ii) inure, together with the rights and remedies of the Mortgagee Beneficiary and Trustee hereunder, to the benefit of the Mortgagee Beneficiary for the benefit of the Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor Grantor party hereto, all undertakings hereunder shall be deemed joint and several. No other persons (including, without limitation, any other creditor of any Basic Party) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), any Lender Holder may assign or otherwise transfer any indebtedness held by it secured by this Mortgage Deed of Trust to any other person, and such other person shall thereupon become vested with all the benefits in respect thereof granted to such LenderHolder, herein or otherwise, subject, however, to the provisions of the Credit Purchase Agreement.

Continuing Security Interest; Assignment. This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its successors and assigns, (ii) inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee for the benefit of the Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and several. No other persons (including, without limitation, any other creditor of any Borrower Party) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), any Lender may assign or otherwise transfer any indebtedness held by it secured by this Mortgage to any other person, and such other person shall thereupon become vested with all the benefits in respect thereof granted to such Lender, herein or otherwise, subject, however, to the provisions of the Credit Agreement.

Continuing Security Interest; Assignment. This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its respective successors and assigns, assigns and (ii) subject to the provisions of applicable Gaming Laws, inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee for and the benefit of the other Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and severalassigns. No other persons Persons (including, without limitation, any other creditor of Mortgagor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to the provisions of applicable Gaming Laws, any Lender Holder of the Second Notes may assign or otherwise transfer any indebtedness held by it secured by this Mortgage to any other personPerson, and such other person Person shall thereupon become vested with all the benefits in respect thereof granted to such LenderHolder, herein or otherwise, subject, however, to the provisions of the Credit AgreementSecond Priority Indenture.

Continuing Security Interest; Assignment. This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its respective successors and assigns, assigns and (ii) subject to the provisions of applicable Gaming Laws, inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee for and the benefit of the other Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and severalassigns. No other persons Persons (including, without limitation, any other creditor of the Mortgagor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), subject to the provisions of applicable Gaming Laws, any Lender Holder of the First Notes may assign or otherwise transfer any indebtedness held by it secured by this Mortgage to any other personPerson, and such other person Person shall thereupon become vested with all the benefits in respect thereof granted to such LenderHolder, herein or otherwise, subject, subject however, to the provisions of the Credit AgreementFirst Priority Indenture.

Continuing Security Interest; Assignment. This Mortgage Deed of Trust shall create a continuing Lien lien on and security interest in the Mortgaged Property and shall (i) be binding upon the MortgagorTrustor, its successors and assigns, assigns and (ii) inure, together with the rights and remedies of the Mortgagee Beneficiary hereunder, to the benefit of the Mortgagee Beneficiary for the benefit of the Secured Parties and each of their respective successors, transferees and assigns and (iii) in the event there is more than one mortgagor party hereto, all undertakings hereunder shall be deemed joint and severalassigns. No other persons (including, without limitation, any other creditor of the Co-Issuers or any of their Subsidiaries) shall have any interest herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (ii), except to the extent, if any, prohibited under the Indenture, any Lender Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Mortgage Deed of Trust to any other person, and such other person shall thereupon become vested with all the benefits in respect thereof granted to such LenderSecured Party, herein or otherwise, subject, however, to the provisions of the Credit AgreementIndenture.