Gaming Laws and Liquor Laws. (a) The Trustee and the Credit Facility Secured Party acknowledge, understand and agree that the Gaming Laws and Liquor Laws may impose certain licensing or transaction approval requirements prior to the exercise of the rights and remedies granted to them under this Agreement with respect to the Collateral subject to the Gaming Laws and Liquor Laws.
Appears in 3 contracts
Samples: Loan and Security Agreement (Majestic Investor Capital Corp), Intercreditor Agreement (Riviera Holdings Corp), Intercreditor Agreement (Majestic Investor Capital Corp)
Gaming Laws and Liquor Laws. (a) The Trustee and the Credit Facility Secured Party Agent acknowledge, understand and agree that the Applicable Gaming Laws and Liquor Laws may impose certain licensing or transaction approval requirements prior to the exercise of the rights and remedies granted to them under this Agreement with respect to the Collateral subject to the Applicable Gaming Laws and Liquor Laws.
Appears in 1 contract
Samples: Intercreditor and Lien Subordination Agreement (Majestic Star Casino LLC)
Gaming Laws and Liquor Laws. (a) The Trustee and the Credit Facility Secured Party Agent acknowledge, understand and agree that that, notwithstanding anything in this Agreement to the contrary, the Applicable Gaming Laws and Liquor Laws may impose certain licensing or transaction approval requirements prior to the exercise of the rights and remedies granted to them under this Agreement with respect to the Collateral subject to the Applicable Gaming Laws and Liquor Laws.
Appears in 1 contract
Samples: Intercreditor and Lien Subordination Agreement (Majestic Holdco, LLC)
