Common use of Other First Lien Obligations Clause in Contracts

Other First Lien Obligations. Upon the execution and delivery by the Borrower to Mortgagee and each Authorized Representative of a fully executed Other First Lien Secured Party Consent in accordance with Section 5.20 of the Collateral Agreement, the holders of the Other First Lien Obligations as set forth in such Other First Lien Secured Party Consent shall be secured by the Mortgaged Property hereunder.

Appears in 1 contract

Samples: First Lien Credit Agreement (Vici Properties Inc.)

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Other First Lien Obligations. Upon the execution and delivery by the Borrower to Mortgagee and each Authorized Representative of a fully executed Other First Lien Secured Party Consent in accordance with Section 5.20 7.23 of the Collateral Agreement, the holders of the Other First Lien Obligations as set forth in such Other First Lien Secured Party Consent shall automatically be secured by the Mortgaged Property hereunder without any further action, and such holder shall automatically become a Secured Party hereunder.

Appears in 1 contract

Samples: Credit Agreement (CAESARS ENTERTAINMENT Corp)

Other First Lien Obligations. Upon the execution and delivery by the Borrower to Mortgagee Beneficiary and each Authorized Representative of a fully executed Other First Lien Secured Party Consent in accordance with Section 5.20 7.23 of the Collateral Agreement, the holders of the Other First Lien Obligations as set forth in such Other First Lien Secured Party Consent shall automatically be secured by the Mortgaged Property hereunder without any further action, and such holder shall automatically become a Secured Party hereunder.

Appears in 1 contract

Samples: Credit Agreement (CAESARS ENTERTAINMENT Corp)

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Other First Lien Obligations. Upon the execution and delivery by the Borrower Company to Mortgagee and each Authorized Representative of a fully executed Other First Lien Secured Party Consent in accordance with Section 5.20 7.23 of the Collateral Agreement, the holders of the Other First Lien Obligations as set forth in such Other First Lien Secured Party Consent shall be secured by the Mortgaged Property hereunder.

Appears in 1 contract

Samples: First Lien Credit Agreement (CAESARS ENTERTAINMENT Corp)

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