Misapplication of Funds. Permit Mortgage Borrower to distribute any revenue from the Property or any Proceeds in violation of the provisions of the Loan Agreement (Mortgage), permit any Senior Mezzanine Borrower to distribute any Receipts from its Senior Mezzanine Ownership Interests in violation of the provisions of its Senior Mezzanine Loan Agreement, distribute any Receipts from the Ownership Interests in violation of the provisions of this Agreement, fail to remit amounts to the Mezzanine Account, as applicable, as required by Section 3.1, permit Mortgage Borrower to misappropriate any security deposit or portion thereof or apply the proceeds of the Loan in violation of Section 2.1.4; or
Appears in 3 contracts
Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)
Misapplication of Funds. Permit Mortgage Borrower to distribute any revenue from the Property or any Proceeds in violation of the provisions of the Loan Agreement (Mortgage), permit any Senior Mezzanine Borrower to distribute any Receipts from its the Senior Mezzanine Ownership Interests in violation of the provisions of its the Senior Mezzanine Loan Agreement, distribute any Receipts from the Ownership Interests in violation of the provisions of this Agreement, fail to remit amounts to the Mezzanine Account, as applicable, as required by Section 3.1, permit Mortgage Borrower to misappropriate any security deposit or portion thereof or apply the proceeds of the Loan in violation of Section 2.1.4; or
Appears in 2 contracts
Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)
