Common use of No Passage by Law Clause in Contracts

No Passage by Law. It is understood and agreed that neither this Lease nor any interest herein or hereunder, nor any estate hereby created in favor of Tenant, shall pass by operation of law under any state or federal insolvency, bankruptcy or inheritance act, or any similar Applicable Law now or hereafter in effect, to any trustee, receiver, assignee for the benefit of creditors, heir, legatee, devisee, or any other Person whomsoever without the express prior written consent of Landlord, exercisable in Landlord’s sole discretion.

Appears in 3 contracts

Samples: Lease Agreement (Bh Re LLC), Asset Purchase Agreement (155 East Tropicana Finance Corp.), Lease Agreement (Bh Re LLC)

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No Passage by Law. It is understood and agreed that neither this Lease nor any interest herein or hereunder, nor any estate hereby created in favor of Tenant, shall pass by operation of law under any state or federal insolvency, ; bankruptcy or inheritance act, or any similar Applicable Law now or hereafter in effect, to any trustee, receiver, assignee for the benefit of creditors, heir, legatee, devisee, or any other Person whomsoever without the express prior written consent of Landlord, exercisable in Landlord’s sole discretion, and subject to Applicable Laws.

Appears in 2 contracts

Samples: Casino Lease (Bref Hr, LLC), Casino Lease (Bref Hr, LLC)

No Passage by Law. It is understood and agreed that neither this Lease nor any interest herein or hereunder, nor any estate hereby created in favor of Tenant, shall pass by operation of law under any state or federal insolvency, ; bankruptcy or inheritance act, or any similar Applicable Law now or hereafter in effect, to any trustee, receiver, assignee for the benefit of creditors, heir, legatee, devisee, or any other Person person whomsoever without the express prior written consent of Landlord, exercisable in Landlord’s sole discretion.

Appears in 2 contracts

Samples: Casino Operations Lease (Full House Resorts Inc), Casino Sublease (Hard Rock Hotel Holdings, LLC)

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No Passage by Law. It Except as expressly provided in Section 15.1, it is understood and agreed that neither this Lease nor any interest herein or hereunder, nor any estate hereby created in favor of Tenant, shall pass by operation of law under any state or federal insolvency, bankruptcy or inheritance act, or any similar Applicable Law now or hereafter in effect, to any trustee, receiver, assignee for the benefit of creditorsof, heir, legatee, devisee, or any other Person person whomsoever without the express prior written consent of Landlord, exercisable in Landlord’s sole discretion.which shall not be unreasonably withheld..

Appears in 2 contracts

Samples: Hotel Lease / Purchase Agreement (Full House Resorts Inc), Hotel Lease / Purchase Agreement (Full House Resorts Inc)

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