Common use of Engage in Different Business Clause in Contracts

Engage in Different Business. With respect to (i) Mezzanine Borrower, engage, directly or indirectly, in any business other than that of entering into this Agreement and the other Mezzanine Loan Documents to which Mezzanine Borrower is a party and the use, ownership, management, and financing of the Ownership Interests and activities related thereto; (ii) with respect to any Senior Mezzanine Borrower, engage, directly or indirectly, in any business other than that of entering into its Senior Mezzanine Loan Agreement and the other Senior Mezzanine Loan Documents to which such Senior Mezzanine Borrower is a party and the use, ownership, management and financing of its Senior Mezzanine Ownership Interests and activities related thereto; and (iii) with respect to Mortgage Borrower, engage, directly or indirectly, in any business other than that of entering into the Loan Agreement (Mortgage) and the other Loan Documents (Mortgage) to which Mortgage Borrower is a party and the use, ownership, management, leasing, renovation, financing, development, operation and maintenance of the Property and activities related thereto.

Appears in 3 contracts

Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)

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Engage in Different Business. With respect to (i) Mezzanine Borrower, engage, directly or indirectly, in any business other than that of entering into this Agreement and the other Mezzanine Loan Documents to which Mezzanine Borrower is a party and the use, ownership, management, and financing of the Ownership Interests and activities related thereto; (ii) with respect to any Senior Mezzanine Borrower, engage, directly or indirectly, in any business other than that of entering into its the Senior Mezzanine Loan Agreement and the other Senior Mezzanine Loan Documents to which such Senior Mezzanine Borrower is a party and the use, ownership, management and financing of its the Senior Mezzanine Ownership Interests and activities related thereto; and (iii) with respect to Mortgage Borrower, engage, directly or indirectly, in any business other than that of entering into the Loan Agreement (Mortgage) and the other Loan Documents (Mortgage) to which Mortgage Borrower is a party and the use, ownership, management, leasing, renovation, financing, development, operation and maintenance of the Property and activities related thereto.

Appears in 2 contracts

Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)

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