Understandings With Respect to Waivers and Consents. Completion Guarantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which Completion Guarantor otherwise may have against the Company, any other Related Party, any Beneficiary or others, or against any collateral securing any Secured Obligation, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Completion Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee and such waivers and consents shall be effective to the maximum extent permitted by Law.
Appears in 3 contracts
Samples: Sponsor Completion Guarantee (MGM Resorts International), Sponsor Completion Guarantee (CityCenter Holdings, LLC), Sponsor Completion Guarantee (MGM Resorts International)
Understandings With Respect to Waivers and Consents. Each Completion Guarantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which such Completion Guarantor otherwise may have against the CompanyBorrower, Administrative Agent, any other Related Party, any Beneficiary Lender or others, or against any collateral securing any Secured ObligationCollateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Each Completion Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee Completion Guaranty and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee Completion Guaranty or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee Completion Guaranty and such waivers and consents shall be effective to the maximum extent permitted by Law.
Appears in 3 contracts
Samples: Completion Guaranty (Station Casinos Inc), Completion Guaranty (Station Casinos Inc), Station Casinos Inc
Understandings With Respect to Waivers and Consents. Completion Guarantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which Completion Guarantor otherwise may have against the CompanyBorrower, any other Related Loan Party, any Beneficiary or others, or against any collateral securing any Secured Obligation, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Completion Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee and such waivers and consents shall be effective to the maximum extent permitted by Law.
Appears in 1 contract
Samples: MGM Mirage
Understandings With Respect to Waivers and Consents. Completion Each --------------------------------------------------- Guarantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which Completion that Guarantor otherwise may have against the CompanyBorrower, any other Related Party, any Beneficiary Lender or others, or against any collateral securing any Secured ObligationCollateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Completion Each Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee Subsidiary Guaranty and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee Subsidiary Guaranty or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee Subsidiary Guaranty and such waivers and consents shall be effective to the maximum extent permitted by Law.
Appears in 1 contract
Understandings With Respect to Waivers and Consents. Completion Guarantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which Completion Guarantor otherwise may have against the CompanyBorrower, any other Related Loan Party, any Beneficiary or others, or against any collateral securing any Secured Obligation, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Completion Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Completion Guarantee and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Completion Guarantee or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Completion Guarantee and such waivers and consents shall be effective to the maximum extent permitted by Law.
Appears in 1 contract
Understandings With Respect to Waivers and Consents. Completion Guarantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which Completion Guarantor otherwise may have against the CompanyBorrower, Administrative Agent, any other Related Party, any Beneficiary Lender or Creditor or others, or against any collateral securing any Secured ObligationCollateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Completion Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee Completion Guaranty and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee Completion Guaranty or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee Completion Guaranty and such waivers and consents shall be effective to the maximum extent permitted by Law.
Appears in 1 contract
Samples: Station Casinos Inc
Understandings With Respect to Waivers and Consents. Completion Each Guarantor --------------------------------------------------- warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which Completion that Guarantor otherwise may have against the CompanyBorrower, any Co-Borrower, any other Related Party, any Beneficiary Lender or others, or against any collateral securing any Secured Guarantied Obligation, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Completion Each Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee Subsidiary Guaranty and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee Subsidiary Guaranty or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee Subsidiary Guaranty and such waivers and consents shall be effective to the maximum extent permitted by Law.
Appears in 1 contract
Samples: Subsidiary Guaranty (MGM Grand Inc)
Understandings With Respect to Waivers and Consents. Completion Guarantor warrants and agrees that each of the waivers and consents set forth herein are is made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right rights waived may diminish, destroy or otherwise adversely affect rights which Completion Guarantor otherwise may have against Borrower, the Company, any other Related Party, any Beneficiary Beneficiaries or others, or against any collateral securing any Secured Obligation, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Completion Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee Guaranty and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee Guaranty or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee Guaranty and such waivers and consents shall be effective to the maximum extent permitted by Law.
Appears in 1 contract
Samples: Guaranty (Anchor Gaming)
Understandings With Respect to Waivers and Consents. Completion Each Guarantor warrants and agrees that each of the waivers and consents set forth herein are is made with full knowledge of their its significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which Completion Guarantor otherwise may have against the CompanyBorrower, any other Related Party, any Beneficiary Lender or others, or against any collateral securing any Secured ObligationCollateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Lawlaw. Completion Each Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee Subsidiary Guaranty and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee Subsidiary Guaranty or any of the waivers or consents herein are is determined to be unenforceable under or in violation of applicable Lawlaw, this Guarantee Subsidiary Guaranty and such waivers and consents shall be effective to the maximum extent permitted by Lawlaw.
Appears in 1 contract
Understandings With Respect to Waivers and Consents. Each Completion Guarantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which such Completion Guarantor otherwise may have against Borrower, the Company, any other Related Party, any Beneficiary Beneficiaries or others, or against any collateral securing any Secured ObligationCollateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Each Completion Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee Completion Guaranty and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Guarantee Completion Guaranty or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee Completion Guaranty and such waivers and consents shall be effective to the maximum extent permitted by Law. 14.
Appears in 1 contract
Samples: Station Casinos Inc