Common Contracts
2 similar Loan Agreement contracts by MGM Mirage
EX-10 2 p73763exv10.htm EX-10Loan Agreement • May 5th, 2020 • Nevada
Exhibit 10 LOAN AGREEMENT This Loan Agreement is made and entered into as of April 24, 2007 (“Execution Date”) by and between The M Resort LLC, a Nevada limited liability company (the “Company”) and MGM MIRAGE, a Delaware corporation, or its designated subsidiary, together with its successors and permitted assigns (“MGM”). R E C I T A L S: WHEREAS, the Company is a newly created single-purpose entity formed to own, develop and operate The M Resort, as hereinafter defined; WHEREAS, the Company desires to borrow from MGM, and MGM desires to lend to the Company, the sum of One Hundred Sixty Million Dollars ($160,000,000) (the “Loan Amount”) to be evidenced by a convertible subordinated note (the “Convertible Note”), with terms and conditions as set forth herein and in the form of the Convertible Note attached hereto as Exhibit A; WHEREAS, the Convertible Note will be convertible into membership interests of the Company (the “Conversion Interests”) pursuant to the terms and conditions cont
LOAN AGREEMENTLoan Agreement • April 27th, 2007 • MGM Mirage • Services-miscellaneous amusement & recreation • Nevada
This Loan Agreement is made and entered into as of April 24, 2007 (“Execution Date”) by and between The M Resort LLC, a Nevada limited liability company (the “Company”) and MGM MIRAGE, a Delaware corporation, or its designated subsidiary, together with its successors and permitted assigns (“MGM”).
