Common use of No Modification or Termination Clause in Contracts

No Modification or Termination. (i) Not consent to or acquiesce in any amendment, modification, waiver or change to any Manager Document in any manner adverse to the interests of the Lenders in any material respect; it being acknowledged and agreed by the parties hereto that any amendment, waiver or other modification which would have the effect of (A) increasing management fees, required reserves or termination fees or (B) shortening the term thereof shall be deemed adverse to the interests of the Lenders in a material respect. (ii) Not permit, consent to or acquiesce in any cancellation, termination or surrender of any Manager Document.

Appears in 2 contracts

Samples: Credit Agreement (Station Casinos LLC), Credit Agreement (Station Casinos LLC)

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No Modification or Termination. (i) Not consent to or acquiesce in any amendment, modification, waiver or change to any Manager Document the Management Agreement in any manner adverse to the interests of the Lenders in any material respect; it being acknowledged and agreed by the parties hereto hereto, that in any event any amendment, waiver or other modification which would have the effect of (A) increasing management fees, required reserves or termination fees fees, or (B) shortening the term thereof shall be deemed adverse to the interests of the Lenders in a material respect. , and (ii) Not not permit, consent to or acquiesce in any cancellation, termination or surrender of any Manager Documentthe Management Agreement.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Station Casinos LLC), First Lien Credit Agreement (Station Casinos LLC)

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No Modification or Termination. (i) Not consent to or acquiesce in any amendment, modification, waiver or change to any Manager Document in any manner adverse to the interests of the Lenders in any material respect; it being acknowledged and agreed by the parties hereto hereto, that in any event any amendment, waiver or other modification which would have the effect of (A) increasing management fees, required reserves or termination fees or (B) shortening the term thereof shall be deemed adverse to the interests of the Lenders in a material respect. (ii) Not permit, consent to or acquiesce in any cancellation, termination or surrender of any Manager Document.

Appears in 1 contract

Samples: Credit Agreement (Station Casinos LLC)

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