Funding Sources. Nothing in this Agreement shall be deemed to obligate any Lender to obtain the funds for any Loan or Advance in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan or Advance in any particular place or manner, provided that each Lender which is not a bank under the laws of the United States or any state thereof severally represents and warrants that it has obtained the funds for its Advances in compliance with applicable Laws and that the making of its Advances will not constitute “prohibited transactions” as such term is defined in ERISA.
Appears in 3 contracts
Samples: Loan Agreement (MGM Resorts International), Loan Agreement (MGM Resorts International), Loan Agreement (MGM Mirage)
Funding Sources. Nothing in this Agreement shall be deemed to obligate any Lender to obtain the funds for any Loan or Advance in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan or Advance in any particular place or manner, provided that each Lender which is not a bank under the laws of the United States or any state thereof severally represents and warrants that it has obtained the funds for its Advances in compliance with applicable Laws and that the making of its Advances will not constitute “"prohibited transactions” " as such term is defined in ERISA.
Appears in 3 contracts
Samples: Loan Agreement (MGM Mirage), Loan Agreement (MGM Mirage), Loan Agreement (MGM Mirage)
Funding Sources. Nothing in this Agreement shall be deemed to obligate any Lender Bank to obtain the funds for any Loan or Advance in any particular place or manner or to constitute a representation by any Lender Bank that it has obtained or will obtain the funds for any Loan or Advance in any particular place or manner, provided that each Lender Bank which is not a bank under the laws of the United States or any state thereof severally represents and warrants that it has obtained the funds for its Advances in compliance with applicable Laws and that the making of its Advances will not constitute “"prohibited transactions” " as such term is defined in ERISA.
Appears in 3 contracts
Samples: 364 Day Loan Agreement (MGM Mirage), 364 Day Loan Agreement (MGM Mirage), 364 Day Loan Agreement (MGM Mirage)
Funding Sources. Nothing in this Agreement shall be deemed to --------------- obligate any Lender Bank to obtain the funds for any Loan or Advance in any particular place or manner or to constitute a representation by any Lender Bank that it has obtained or will obtain the funds for any Loan or Advance in any particular place or manner, provided that each Lender Bank which is not a bank under the laws of -------- the United States or any state thereof severally represents and warrants that it has obtained the funds for its Advances in compliance with applicable Laws and that the making of its Advances will not constitute “"prohibited transactions” " as such term is defined in ERISA.
Appears in 2 contracts
Samples: Term Loan Agreement (MGM Grand Inc), Loan Agreement (MGM Grand Inc)
