Common use of Financing for the Project Clause in Contracts

Financing for the Project. The Company is financing the development of the Project, in part, with the proceeds of the Bank Credit Facility, the FF&E Facility and the Second Mortgage Note. In addition to certain other collateral and security interests: (1) the Bank Credit Facility is secured (i) by a first priority lien on the Bank Proceeds Account Collateral and the Hotel/Casino Collateral, and (ii) by a second priority lien on the FF&E Component Collateral as more particularly described in Section 2.1 and Section 2.2 hereof; (2) the Second Mortgage Note are secured (i) by a first priority lien on the Second Mortgage Note Proceeds Account Collateral, (ii) by a second priority lien on Hotel/Casino Collateral and (iii) by a third priority lien on the FF&E Component Collateral, as more particularly described in Section 2.1 and Section 2.2 hereof; and (3) the FF&E Facility is secured by a first priority lien on the FF&E Collateral as defined and more particularly described in the FF&E Intercreditor Agreement.

Financing for the Project. The Company is financing the development of the Project, in part, with the proceeds of the Bank Credit Facility, the FF&E Facility and the Second Mortgage NoteNotes. In addition to certain other collateral and security interests: (1) the Bank Credit Facility is secured (i) by a first priority lien on the Bank Proceeds Account Collateral and the Hotel/Casino Collateral, and (ii) by a second priority lien on the FF&E Component Collateral Collateral, in each case, as more particularly described in Section 2.1 and Section 2.2 2 hereof; (2) the Second Mortgage Note Notes are secured (i) by a first priority lien on the Second Mortgage Note Notes Proceeds Account Collateral, (ii) by a second priority lien on Hotel/Casino Collateral and (iii) by a third priority lien on the FF&E Component Collateral, in each case, as more particularly described in Section 2.1 and Section 2.2 2 hereof; and (3) the FF&E Facility is secured by a first priority lien on (i) the FF&E Account Collateral, (ii) the Aircraft Collateral and (iii) the FF&E Component Collateral, in each case, as defined and more particularly described in the FF&E Intercreditor AgreementSection 2 hereof.

Financing for the Project. The Company is financing the development of the Project, in part, with the proceeds of the Bank Credit Facility, the FF&E Facility and the Second Mortgage NoteNotes. In addition to certain other collateral and security interests: (1) the Bank Credit Facility is secured (i) by a first priority lien on the Bank Proceeds Account Collateral and the Hotel/Casino Collateral, and (ii) by a second priority lien on the FF&E Component Collateral Collateral, in each case, as more particularly described in Section 2.1 and Section 2.2 2 hereof; (2) the Second Mortgage Note Notes are secured (i) by a first priority lien on the Second Mortgage Note Notes Proceeds Account Collateral, (ii) by a second priority lien on Hotel/Casino Collateral and (iii) by a third priority lien on the FF&E Component Collateral, in each case, as more particularly described in Section 2.1 and Section 2.2 2 hereof; and (3) the FF&E Facility is secured by a first priority lien on (i) the FF&E Proceeds Account Collateral, (ii) the Aircraft Collateral and (iii) the FF&E Component Collateral, in each case, as defined and more particularly described in the FF&E Intercreditor AgreementSection 2 hereof.