Common use of Waivers and Deferrals of Payments Clause in Contracts

Waivers and Deferrals of Payments. Any Project Credit Party may, without the consent of the other Project Credit Parties, defer any payments due under its Class of Secured Obligations or waive any provisions thereof.

Appears in 3 contracts

Samples: Intercreditor and Subordination Agreement (Lakes Entertainment Inc), Intercreditor Agreement (Wynn Resorts LTD), Intercreditor and Subordination Agreement (Lakes Entertainment Inc)

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Waivers and Deferrals of Payments. Any Project Credit Party may, without the consent of the other Project Credit Parties, defer any payments due under its Class of Secured Obligations Facility or waive any provisions thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Wynn Resorts LTD), Intercreditor Agreement (Wynn Las Vegas LLC)

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