Common use of Rights in the Pledged Collateral Clause in Contracts

Rights in the Pledged Collateral. So long as no Event of Default shall have occurred and be continuing, and subject to the provisions of this Indenture, the Intercreditor Agreement and the other Collateral Documents, Xxxx Las Vegas, each Guarantor, and any of their respective direct or indirect parents shall be entitled to receive the benefit of all cash dividends, interest and other payments made upon or with respect to the Collateral pledged by such Person and to exercise any voting and other consensual rights pertaining to the Collateral pledged by such Person. Upon the occurrence and during the continuance of an Event of Default and, subject to the terms of the Collateral Documents, this Indenture and the limitations in the Intercreditor Agreement and the exercise by the Trustee of its rights under the Collateral Documents and subject to applicable Gaming Laws:

Rights in the Pledged Collateral. (a) So long as no Event of Default shall have occurred and be continuing, and subject to the provisions of this Indenture, the Intercreditor Agreement Agreements and the other Collateral Documents, Xxxx Las Vegas, Vegas and each Guarantor, and any of their respective direct or indirect parents Guarantor shall be entitled to receive the benefit of all cash dividends, interest and other payments made upon or with respect to the Collateral pledged by such Person and to exercise any voting and other consensual rights pertaining to the Collateral pledged by such Person. Upon the occurrence and during the continuance of an Event of Default and, subject to the terms of the Collateral Documents, this Indenture Documents and the limitations in the Intercreditor Agreement Agreements and the exercise by the Trustee of its rights under the Collateral Documents and subject to applicable Gaming LawsDocuments: