Common use of Effect and Modification Clause in Contracts

Effect and Modification. (a) This Loan Agreement and the other Loan Documents exclusively and completely state the rights of the Lenders and the Borrower with respect to the Loans and the Collateral and supersedes all prior agreements, oral or written, with respect thereto. No Loan Document nor any of the terms thereof may be terminated, amended, supplemented, waived or modified without the written agreement or consent of Collateral Agent, the Borrower and the Required Lenders, and in the case of the FF&E Guaranty, or any definition used therein, the Guarantors affected thereby; provided, however, that Sections 13.1 and 13.16 hereof may not be terminated, amended, supplemented, waived or modified without the written agreement or consent of the Arrangers; and provided, further, that any termination, amendment, supplement, waiver or modification shall require the written agreement or consent of each Lender if such termination, amendment, supplement, waiver or modification would:

Appears in 2 contracts

Samples: Loan Agreement (Wynn Las Vegas LLC), Loan Agreement (Wynn Resorts LTD)

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Effect and Modification. (a) This Loan Agreement and the other Loan Operative Documents exclusively and completely state states the rights of the Lenders and the Borrower with respect to the Loans and the Collateral Mortgaged Property and supersedes all prior agreements, oral or written, with respect thereto. No Loan Operative Document nor any of the terms thereof may be terminated, amended, supplemented, waived or modified without the written agreement or consent of Collateral Agent, the Borrower and the Required Lenders, and in the case of the FF&E Parent Guaranty, the Constituent Company Guaranty or any definition used therein, the Guarantors affected thereby; provided, however, that Sections 13.1 SECTIONS 12.1 and 13.16 12.16 hereof may not be terminated, amended, supplemented, waived or modified without the written agreement or consent of the ArrangersArranger; and provided, further, that any such termination, amendment, supplement, waiver or modification shall require the written agreement or consent of each Lender if such termination, amendment, supplement, waiver or modification would:

Appears in 1 contract

Samples: Loan Agreement (Giant Industries Inc)

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Effect and Modification. (a) This Loan Agreement and the other Loan Operative Documents exclusively and completely state states the rights of the Lenders and the Borrower with respect to the Loans and the Collateral Mortgaged Property and supersedes all prior agreements, oral or written, with respect thereto. No Loan Operative Document nor any of the terms thereof may be terminated, amended, supplemented, waived or modified without the written agreement or consent of Collateral Agent, the Borrower and the Required Lenders, and in the case of the FF&E Parent Guaranty, the Constituent Company Guaranty or any definition used therein, the Guarantors affected thereby; provided, however, that Sections 13.1 12.1 and 13.16 12.16 hereof may not be terminated, amended, supplemented, waived or modified without the written agreement or consent of the ArrangersArranger; and provided, further, that any termination, amendment, supplement, waiver or modification shall require the written agreement or consent of each Lender if such termination, amendment, supplement, waiver or modification would:

Appears in 1 contract

Samples: Loan Agreement (Giant Industries Inc)

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