Common use of Restrictions on Cure Rights; Accordion Clause in Contracts

Restrictions on Cure Rights; Accordion. Notwithstanding anything in the Credit Agreement to the contrary, the Borrower shall not, directly or indirectly, (x) exercise any “equity cure right” described in Section 8.05 of the Credit Agreement, or (y) request, effect or incur any Revolving Commitment Increase or any Incremental Term Loans pursuant to Section 2.14 of the Credit Agreement.

Appears in 2 contracts

Samples: Forbearance Agreement; Waiver; And First Amendment to the Credit Agreement (Station Casinos Inc), Forbearance Agreement and Amendment to Credit Agreement (Station Casinos Inc)

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Restrictions on Cure Rights; Accordion. Notwithstanding anything in the Credit Agreement to the contrary, Holdings and the Borrower Company shall not, directly or indirectly, (x) exercise any “equity cure right” the Cure Right described in Section 8.05 8.3 of the Credit Agreement, or (y) request, effect increase the existing Revolving Loan Commitments or incur any Revolving Commitment Increase establish one or any Incremental more New Term Loans Loan Commitments pursuant to Section 2.14 2.25 of the Credit Agreement.

Appears in 2 contracts

Samples: Forbearance Agreement; Amendment to Credit Agreement (Simmons Co), Forbearance Agreement (Simmons Co)

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