Common use of Other Business Activities of the Holders Clause in Contracts

Other Business Activities of the Holders. Each Holder acknowledges that each party hereto may make loans or otherwise extend credit to, and generally engage in any kind of business with the Mezzanine Borrower, its Affiliates, any holder of preferred equity in the Mezzanine Borrower, or any lender that has foreclosed or is in process of foreclosure or comparable conversion on any Junior Loan (collectively, “Mezzanine Borrower Related Parties”), and receive payments on such other loans or extensions of credit to the Mezzanine Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 8 contracts

Samples: Agreement (Harrahs Entertainment Inc), Windstorm Insurance Intercreditor Agreement (Harrahs Entertainment Inc), Fourth Mezzanine (Harrahs Entertainment Inc)

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