Common use of Non-qualifying criteria Clause in Contracts

Non-qualifying criteria. If any Permitted Investment ceases to be a Permitted Investment, the Relevant Obligors will, upon any one of them becoming aware thereof, procure that the relevant investment is replaced by a Permitted Investment or by cash.

Appears in 3 contracts

Samples: Senior Facilities Agreement (Melco Crown Entertainment LTD), Senior Facilities Agreement (Melco Crown Entertainment LTD), Senior Facilities Agreement (Melco PBL Entertainment (Macau) LTD)

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Non-qualifying criteria. If any Permitted Investment ceases to be a Permitted Investment, the Relevant Obligors will, Company will upon any one of them becoming aware thereof, thereof procure that the relevant investment is replaced by a Permitted Investment or by cash.

Appears in 2 contracts

Samples: Common Terms Agreement (Wynn Resorts LTD), Common Terms Agreement (Wynn Resorts LTD)

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Non-qualifying criteria. If any Permitted Investment ceases to be a Permitted Investment, the Relevant Obligors will, upon any one of them becoming aware thereof, procure that the relevant investment is replaced by a Permitted Investment or by cash.

Appears in 1 contract

Samples: Loan Agreement (Melco Crown Entertainment LTD)

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