Common use of Intercreditor Arrangements; Attornment Agreements Clause in Contracts

Intercreditor Arrangements; Attornment Agreements. Provided ------------------------------------------------- that no Default or Event of Default has then occurred, the Administrative Agent is hereby irrevocably authorized by the other Creditors to enter into (a) intercreditor arrangements acceptable to the Administrative Agent with creditors (or a trustee or other representative for such creditors) holding the Mirage Senior Notes, the MGM Senior Notes and the Other Loan Agreements to effectuate the provisions of Section 6.7 requiring any Liens of the Administrative Agent to be equal, ratable and pari passu with the creditors holding the Mirage Senior ---- ----- Notes, the MGM Senior Notes and the Other Loan Agreements, provided that any such arrangements shall require the concurrent release of the Liens held by such creditors if a Collateral Release occurs, and (b) attornment, non-disturbance and estoppel agreements acceptable to the Administrative Agent with lessees of interests in leases of real property from Borrower and its Restricted Subsidiaries permitted hereby, provided in each case that not less than 5 -------- Business Days prior to entering into any such arrangement or agreement, the Administrative Agent shall circulate drafts thereof to the Banks, and the Requisite Banks shall not have objected to the form thereof.

Intercreditor Arrangements; Attornment Agreements. Provided ------------------------------------------------- that no Default or Event of Default has then occurred, the Administrative Agent is hereby irrevocably authorized by the other Creditors to enter into (a) intercreditor arrangements acceptable to the Administrative Agent with creditors (or a trustee or other representative for such creditors) holding the Mirage Senior Notes, the MGM Senior Notes and the Other Loan Agreements to effectuate the provisions of Section 6.7 requiring any Liens of the Administrative Agent to be equal, ratable and pari passu with the creditors holding the Mirage Senior ---- ----- ---------- Notes, the MGM Senior Notes and the Other Loan Agreements, provided that any such arrangements shall require the concurrent release of the Liens held by such creditors if a Collateral Release occurs, and (b) attornment, non-disturbance and estoppel agreements acceptable to the Administrative Agent with lessees of interests in leases of real property from Borrower and its Restricted Subsidiaries permitted hereby, provided in each case that not less than 5 -------- Business Days prior to entering into any such arrangement or agreement, the Administrative Agent shall circulate drafts thereof to the Banks, and the Requisite Banks shall not have objected to the form thereof.

Intercreditor Arrangements; Attornment Agreements. Provided ------------------------------------------------- that no Default or Event of Default has then occurred, the Administrative Agent is hereby irrevocably authorized by the other Creditors to enter into (a) intercreditor arrangements acceptable to the Administrative Agent with creditors (or a trustee or other representative for such creditors) holding Indebtedness of the Mirage Senior Notes, the MGM Senior Notes and the Other Loan Agreements type described in Section 6.9(m) to effectuate the provisions of Section 6.7 requiring any Liens of the Administrative Agent to be equalthat Section, ratable and including without limitation making pari passu with to the creditors holding Collateral Documents the Mirage Senior ---- ----- Notes, the MGM Senior Notes and the Other Loan AgreementsLiens held by any such creditors, provided that any such arrangements shall require the concurrent release of the Liens held by such creditors Creditors if a Collateral Release occurs, and (b) attornment, non-disturbance and estoppel agreements acceptable to the Administrative Agent with lessees of interests in leases of real property from Borrower and its Restricted Subsidiaries permitted herebyhereby (including lessees of ground lease interests in the Marriott Marquis or Supplemental Hotel Facility), provided in each case that not less than 5 10 -------- Business Days prior to entering into any such arrangement or agreement, the Administrative Agent shall circulate drafts thereof to the Banks, and the Requisite Banks shall not have objected to the form thereof.