Common use of NO OBLIGATION OF THE SENIOR LENDERS Clause in Contracts

NO OBLIGATION OF THE SENIOR LENDERS. Neither the Senior Lenders nor the Administrative Agent shall be obligated to perform or discharge, nor do they hereby undertake to perform or discharge, any obligation, duty or liability of Aladdin Gaming under the Facilities Agreement, the Operative Documents or this Agreement. Should the Administrative Agent, individually or on behalf of the Senior Lenders, incur any loss, cost, claim, demand, expense, liability or damage under the Facilities Agreement, the Operative Documents or this Agreement, or in the defense against any claims or demands, the amount thereof, including reasonable costs and expenses and reasonable attorneys' fees, together with interest thereon at the rate set forth in Section 3.2.2 of the Senior Credit Agreement, shall be secured by the Loan Documents, and Aladdin Gaming shall reimburse the Administrative Agent therefor immediately upon demand.