Common use of Mandatory Disposition of Notes Pursuant to Gaming Laws Clause in Contracts

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Indenture:

Appears in 2 contracts

Samples: Indenture (MGM Mirage), MGM Resorts International

AutoNDA by SimpleDocs

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Sixth Supplemental Indenture:

Appears in 1 contract

Samples: Indenture (MGM Resorts International)

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Seventh Supplemental Indenture:

Appears in 1 contract

Samples: Indenture (MGM Resorts International)

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Eighth Supplemental Indenture:

Appears in 1 contract

Samples: MGM Resorts International

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Fifth Supplemental Indenture:

Appears in 1 contract

Samples: Indenture (MGM Resorts International)

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Fourth Supplemental Indenture:

Appears in 1 contract

Samples: Indenture (MGM Resorts International)

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must of Notes be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this First Supplemental Indenture:

Appears in 1 contract

Samples: Indenture (MGM Resorts International)

AutoNDA by SimpleDocs

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Ninth Supplemental Indenture:

Appears in 1 contract

Samples: Indenture (MGM Resorts International)

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Second Supplemental Indenture:

Appears in 1 contract

Samples: MGM Resorts International

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this Third Supplemental Indenture:

Appears in 1 contract

Samples: Indenture (MGM Resorts International)

Mandatory Disposition of Notes Pursuant to Gaming Laws. (a) Each Noteholder or Holder and beneficial owner, by accepting or otherwise acquiring an interest in the Notes, shall be deemed to have agreed that if the Gaming Authority of any jurisdiction in which the Company or any of its Subsidiaries conducts or proposes to conduct gaming activities requires that a Person who is a Noteholder Holder or beneficial owner must be licensed, qualified or found suitable under the applicable Gaming Laws, such Noteholder Holder or beneficial owner, as the case may be, shall apply for a license, qualification or a finding of suitability within the required time period in accordance with such Gaming Laws. If such Person fails to apply or become licensed or qualified or is found unsuitable (a “Disqualified Holder”), then the Company shall have the right, at its option, notwithstanding any other provision of this First Supplemental Indenture:

Appears in 1 contract

Samples: Loan Agreement (MGM Resorts International)

Time is Money Join Law Insider Premium to draft better contracts faster.