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Common use of Hotel Subsidiaries Clause in Contracts

Hotel Subsidiaries. No Hotel Subsidiary shall incur or suffer to exist any obligation to advance money to purchase securities from, or otherwise make any investment in, any Person engaged in the gaming business.

Appears in 10 contracts

Samples: Five Year Competitive Advance and Revolving Credit Agreement (Cendant Corp), Credit Agreement (HFS Inc), 364 Day Competitive Advance and Revolving Credit Agreement (Cendant Corp)

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Hotel Subsidiaries. No Hotel Subsidiary shall incur or suffer to exist any obligation to advance money to purchase securities from, or otherwise make any investment in, any Person engaged in the gaming business, PROVIDED that any Hotel Subsidiary may make any such investment in any such Person so long as such Person does not become a Material Subsidiary as a result thereof.

Appears in 1 contract

Samples: Credit Agreement (Cendant Corp)

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Hotel Subsidiaries. No Hotel Subsidiary shall incur or suffer to exist any obligation to advance money to purchase securities from, or otherwise make any investment in, any Person engaged in the gaming business, PROVIDED that any Hotel Subsidiary may make any such investment in any such Person so long as such Person does not become a Material Subsidiary as a result thereof. (e) Section 6.5 of the Credit Agreement is hereby amended by adding thereto the following clause (m):

Appears in 1 contract

Samples: Three Year Competitive Advance and Revolving Credit Agreement (Cendant Corp)

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