Common use of Limitation on Restrictions on Subsidiary Distributions, etc Clause in Contracts

Limitation on Restrictions on Subsidiary Distributions, etc. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Loan Party to (a) make Restricted Payments in respect of any Capital Stock of such Loan Party held by, or pay or subordinate any Indebtedness owed to, any other Loan Party, (b) make Investments in any other Loan Party or (c) transfer any of its assets to any other Loan Party, except for such encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii) any restrictions under the Mortgage Notes Indenture, (iii) any restrictions existing under the FF&E Facility Agreement and (iv) as required by applicable law or any applicable rule or order of any Nevada Gaming Authority.

Limitation on Restrictions on Subsidiary Distributions, etc. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Loan Party to (ai) make Restricted Payments in respect of any Capital Stock of such Loan Party held by, or pay or subordinate any Indebtedness owed to, any other Loan Party, (bii) make Investments in any other Loan Party or (ciii) transfer any of its assets to any other Loan Party, except for such encumbrances or restrictions existing under or by reason of (iA) any restrictions existing under the Loan Documents or the Wynn Credit Documents, (iiB) any restrictions under the Mortgage Notes Indenture, (iii) any restrictions existing under the FF&E Facility Agreement and (ivC) as required by applicable law or any applicable rule or order of any Nevada Gaming Authority.

Limitation on Restrictions on Subsidiary Distributions, etc. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Loan Party to (ai) make Restricted Payments in respect of any Capital Stock of such Loan Party held by, or pay or subordinate any Indebtedness owed to, any other Loan Party, (bii) make Investments in any other Loan Party or (ciii) transfer any of its assets to any other Loan Party, except for such encumbrances or restrictions existing under or by reason of (iA) any restrictions existing under the Loan Documents or the Xxxx Credit Documents, (iiB) any restrictions under the Mortgage Notes Indenture, (iii) any restrictions existing under the FF&E Facility Agreement and (ivC) as required by applicable law or any applicable rule or order of any Nevada Gaming Authority.