Common use of Xxxx Las Vegas Reorganization Clause in Contracts

Xxxx Las Vegas Reorganization. Borrower shall use commercially reasonable efforts to cause the Xxxx Las Vegas Reorganization to occur; provided that immediately prior to giving effect to the consummation of the Xxxx Las Vegas Reorganization, the aggregate amount of Indebtedness outstanding at Xxxx Las Vegas and its Restricted Subsidiaries shall not exceed an amount equal to the sum of (a) the principal amount of the Xxxx Las Vegas 2020 Notes as of the Closing Date, (b) the principal amount of any additional Indebtedness incurred substantially concurrently with the repayment or refinancing of all or a portion of the Xxxx Las Vegas 2020 Notes, and (c) 105% of all Indebtedness (other than the Xxxx Las Vegas 2020 Notes) outstanding at Xxxx Las Vegas and its Restricted Subsidiaries as of the Closing Date.