Common use of Voting Rights in Respect of the Pledged Collateral Clause in Contracts

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, the Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of the Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon the occurrence and during the continuance of a Default or an Event of Default, all rights of the Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, the each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of the such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's ’s judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and subsection (e) of this Section, upon the occurrence and during the continuance of a Default or an Event of Default, all rights of the a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, the each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of the such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit AgreementIndenture; provided, however, provided that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and subsection (e) of this Section, upon the occurrence and during the continuance of a Default or an Event of Default, all rights of the a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Collateral Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, the each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of the such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, provided that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and subsection (e) of this Section, upon the occurrence and during the continuance of a Default or an Event of Default, all rights of the a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, the Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of the Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Subordinated Credit Agreement; provided, however, that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's ’s judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereofthereof or such action, in fact, has such effect. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of Default, all rights of the Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent Lender which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by lawLaw, the each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of the such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof.Agreement and (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of DefaultDefault and notice from the Collateral Agent to the applicable Pledgor that the Collateral Agent intends to exercise its rights pursuant to this paragraph (ii), all rights of the a Pledgor to exercise the voting and other consensual rights which that it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent Collateral Agent, which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, the each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of the such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof.and (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of DefaultDefault and the Collateral Agent has given notice to the Pledgors that the Collateral Agent has elected, at the direction of the Required Lenders, to exercise its rights and remedies under this Agreement all rights of the a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) Section shall cease and all such rights shall thereupon become vested in the Administrative Collateral Agent which shall then have the sole right to exercise such voting and other consensual rightsrights at the direction of the Administrative Agent.