Covenant Not to Issue Uncertificated Securities. Each Grantor ----------------------------------------------- represents and warrants to the Lenders that all of the Pledged Securities are in certificated form (as contemplated by Article 8 of the Uniform Commercial Code), and covenants to the Lenders that it will not permit any of its Subsidiaries which are issuers of Pledged Securities to issue any securities in uncertificated form or seek to convert all or any part of any Pledged Securities into uncertificated form (as contemplated by Article 8 of the Uniform Commercial Code).
Covenant Not to Issue Uncertificated Securities. Each Grantor covenants to the Agent that any Pledged Securities held by it shall be in certificated form (as contemplated by Article 8 of the UCC), and that it will not seek to convert all or any part of any Pledged Securities into uncertificated form (as contemplated by Article 8 of the UCC).
Covenant Not to Issue Uncertificated Securities. Each Grantor covenants to Bank that any Pledged Securities held by them shall be in certificated form (as contemplated by Article 8 of the Uniform Commercial Code), and that it will not seek to convert all or any part of any Pledged Securities into uncertificated form (as contemplated by Article 8 of the Uniform Commercial Code).
Covenant Not to Issue Uncertificated Securities. Grantors jointly and severally represent and warrant to Secured Party that all of the capital stock (or other equity interests) of each of the Issuers is in certificated form (as contemplated by Article 8 of the California Uniform Commercial Code), and covenant to Secured Party that they will not cause or permit any Issuer to issue any capital stock (or other equity interest) in uncertificated form or seek to convert all or any part of its existing capital stock (or other equity interest) into uncertificated form (as contemplated by Article 8 of the California Uniform Commercial Code). The foregoing representations, warranties and covenants shall survive the execution and delivery of this Agreement.
Covenant Not to Issue Uncertificated Securities. Grantor represents and warrants to Bank that all of the capital stock of and each of its Affiliates that is a corporation is in certificated form (as contemplated by Article 8 of the Uniform Commercial Code as enacted in California), and covenants to Bank that it will not cause or permit any Affiliate to issue any capital stock in uncertificated form or seek to convert all or any part of its existing capital stock into uncertificated form (as contemplated by Article 8 of the Uniform Commercial Code as enacted in California).
Covenant Not to Issue Uncertificated Securities. The Grantor represents and warrants to Collateral Agent that all of the capital stock (or other equity interests) of MGM Grand are securities in certificated form (in each case as contemplated by Article 8 of the Uniform Commercial Code as in effect in the State of Nevada), and covenants to Collateral Agent that, subject to the receipt of all required approvals from the applicable Gaming Authority, it will not cause or permit MGM Grand (or any other Interest Issuer) to issue any member interests (or other equity interest) in a form that is not a security, or in any uncertificated form, or seek to convert all or any part of its existing member interests (or other equity interest) into instruments or other documents that are not securities, or into securities in uncertificated form (in each case as contemplated by Article 8 of the Uniform Commercial Code as in effect in the State of Nevada). The foregoing representations, warranties and covenants shall survive the execution and delivery of this Agreement.
Covenant Not to Issue Uncertificated Securities. Each Grantor represents and warrants to Secured Party that all of the capital stock of each of the Issuers is in certificated form (as contemplated by Division 8 of the California Uniform Commercial Code), and covenants to Secured Party that it will not at any time cause or permit any Issuer to issue any capital stock in uncertificated form or seek to convert all or any part of its existing capital stock into uncertificated form (as contemplated by Division 8 of the California Uniform Commercial Code).
Covenant Not to Issue Uncertificated Securities. Grantor represents ----------------------------------------------- and warrants to Secured Party that all of the capital stock of each of its Subsidiaries is and will be in certificated form (as contemplated by Article 8 of the Uniform Commercial Code), and, subject to compliance with applicable Gaming Laws, covenants to Secured Party that it will not cause or permit its Subsidiaries to issue any capital stock in uncertificated form or seek to convert all or any part of its existing capital stock into uncertificated form (as contemplated by Article 8 of the Uniform Commercial Code). The foregoing representations, warranties and covenants shall survive the execution and delivery of this Agreement.
Covenant Not to Issue Uncertificated Securities. Grantor represents and warrants to Secured Party that all of the capital stock of each of its Subsidiaries is and will be in certificated form (as contemplated by Article 8 of the Uniform Commercial Code), and, subject to compliance with applicable Gaming Laws, covenants to Secured Party that it will not cause or permit its Subsidiaries to issue any capital stock in uncertificated form or seek to convert all or any part of its existing capital stock into uncertificated form (as contemplated by Article 8 of the Uniform Commercial Code). The foregoing representations, warranties and covenants shall survive the execution and delivery of this Agreement. 17. Covenant Not to Dilute Interests of Secured Party in Pledged Securities. Subject to compliance with applicable Gaming Laws and except as otherwise permitted by the Credit Agreement, Grantor represents, warrants and covenants to Secured Party that it will not at any time cause or permit its Subsidiaries to issue any additional capital stock, or any warrants, options or other rights to acquire any additional capital stock, if the effect thereof would be to dilute in any way the interests of Secured Party in any Pledged Securities or any corporation whose securities constitute Pledged Securities. 18.
Covenant Not to Issue Uncertificated Securities. The Grantor represents and warrants to the Secured Party that all of the Capital Stock issued by its Restricted Subsidiaries is in certificated form and covenants to the Secured Party that it will not cause or permit any Restricted Subsidiary to issue any Capital Stock in uncertificated form or seek to convert all or any part of its existing common stock into uncertificated form.
