Common use of Louisiana Gaming Law Specific Provisions Clause in Contracts

Louisiana Gaming Law Specific Provisions. Each party hereto hereby acknowledges that: (i) notwithstanding anything contained in this Agreement or the other Loan Documents to the contrary, (A) no transfer of a five percent or more interest in any Grantor or any Subsidiary of a Grantor which holds a license or permit issued by the Louisiana Gaming Control Board shall occur unless the prior written approval of such transfer is provided by the Louisiana Gaming Control Board and (B) the Collateral Agent shall not foreclose, take possession or otherwise exercise ownership or possessory rights of any slot machine located or to be located in the State of Louisiana unless the Collateral Agent complies with all applicable Gaming Laws of the State of Louisiana; and (ii) the Collateral Agent and each other Secured Party hereby acknowledges that the Gaming Laws of Louisiana do not presently allow, and the security interest granted in this Agreement does not authorize for so long as the prohibition exists, any pledge, hypothecation or transfers of any gaming licenses or permits (or any interest therein) issued under the Louisiana Gaming Control Act, La. R.

Louisiana Gaming Law Specific Provisions. Each party hereto hereby acknowledges that: (i) notwithstanding Notwithstanding anything contained in this Agreement or the any other Loan Note Documents to the contrary, (Ai) no transfer of a five percent or more interest in any Grantor or any Subsidiary of a Grantor which holds a license or permit issued by the Louisiana Gaming Control Board shall occur unless the prior written approval of such transfer is provided by the Louisiana Gaming Control Board and (Bii) the Collateral Agent shall not foreclose, take possession or otherwise exercise ownership or possessory rights of any slot machine located or to be located in the State of Louisiana unless the Collateral Agent complies with all applicable Gaming Laws of the State of Louisiana; andLouisiana are complied with. (ii) the The Collateral Agent and each other Secured Party hereby acknowledges that the Gaming Laws of Louisiana do not presently allow, and the security interest granted in this Agreement does not authorize for so long as the such prohibition exists, any pledge, hypothecation or transfers of any gaming licenses or permits (or any interest therein) issued under the Louisiana Gaming Control Act, La. R.

Louisiana Gaming Law Specific Provisions. Each party hereto hereby acknowledges that: (i) notwithstanding Notwithstanding anything contained in this Agreement or the other Loan Documents to the contrary, (Ai) no transfer of a five percent or more interest in any Grantor or any Subsidiary of a Grantor which holds a license or permit issued by the Louisiana Gaming Control Board shall occur unless the prior written approval of such transfer is provided by the Louisiana Gaming Control Board and (Bii) the Collateral Agent shall not foreclose, take possession or otherwise exercise ownership or possessory rights of any slot machine located or to be located in the State of Louisiana unless the Collateral Agent complies with all applicable Gaming Laws of the State of Louisiana; and. (ii) the The Collateral Agent and each other Secured Party hereby acknowledges that the Gaming Laws of Louisiana do not presently allow, and the security interest granted in this Agreement does not authorize for so long as the prohibition exists, any pledge, hypothecation or transfers of any gaming licenses or permits (or any interest therein) issued under the Louisiana Gaming Control Act, La. R.

Louisiana Gaming Law Specific Provisions. Each party hereto hereby acknowledges that: (i) notwithstanding Notwithstanding anything contained in this Agreement or Agreement, the other Loan Notes Documents or any Additional Pari Passu Agreement to the contrary, (Ai) no transfer of a five percent or more interest in any Grantor or any Subsidiary of a Grantor which holds a license or permit issued by the Louisiana Gaming Control Board shall occur unless the prior written approval of such transfer is provided by the Louisiana Gaming Control Board and (Bii) the Collateral Agent shall not foreclose, take possession or otherwise exercise ownership or possessory rights of any slot machine located or to be located in the State of Louisiana unless the Collateral Agent complies with all applicable Gaming Laws of the State of Louisiana; andLouisiana are complied with. (ii) the The Collateral Agent and each other Secured Party hereby acknowledges that the Gaming Laws of Louisiana do not presently allow, and the security interest granted in this Agreement does not authorize for so long as the such prohibition exists, any pledge, hypothecation or transfers of any gaming licenses or permits (or any interest therein) issued under the Louisiana Gaming Control Act, La. R.