Preservation of Contractual Rights of Collateral. Trustor shall, prior to delinquency, default, or forfeiture, perform all obligations and satisfy all material conditions required on its part to be satisfied to preserve its rights and privileges under any contract, lease, license, permit, or other authorization (i) under which it holds any Tangible Collateral or (ii) which constitutes part of the Intangible Collateral, except where Trustor is contesting such obligations in good faith.
Appears in 5 contracts
Samples: Deed of Trust, Assignment of Rents and Leases, Security Agreement and Fixture Filing (Wynn Las Vegas LLC), Credit Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Resorts LTD)
Preservation of Contractual Rights of Collateral. Trustor shall, prior to delinquency, default, or forfeiture, perform all obligations and satisfy all material conditions required on its part to be satisfied to preserve its rights and privileges under any contract, lease, license, permit, or other authorization (i) under which it holds any Tangible Collateral or (ii) which constitutes part of the Intangible Collateral, Collateral except where Trustor is contesting such obligations in good faith.
Appears in 3 contracts
Samples: Loan and Guaranty Agreement (Showboat Inc), Deed of Trust (Coast Resorts Inc), Deed of Trust (Riviera Holdings Corp)
