Examples of Mall Construction Subsidiary in a sentence
On the Mall Parcel Creation Date, Mall Construction Subsidiary is to acquire fee title to the Mall Parcel from Venetian as provided for herein and the portion of the Project other than the Mall will thereafter continue to be owned by Venetian.
Mall Construction Subsidiary hereby ratifies and confirms the grant of security interests and Liens made by such Mall Construction Subsidiary in favor of the Administrative Agent in and to the Collateral pursuant to the Collateral Documents as security for the Obligations.
Xxxxxxx has complied with the terms and conditions of that certain Subordination and Intercreditor Agreement (Trade Claims) dated as of November 12, 1999 by and among Scotiabank, as bank agent, the Company and Mall Construction Subsidiary and Xxxxxxx (the "Xxxxxxx Subordination Agreement").
The Agent may, at any time, whether or not there then exists a Default or an Event of Default, without the consent of the Borrower, direct the issuer which has issued an instrument constituting Additional Collateral to make payment to the Escrow Agent, on behalf of the Lenders, with such payments to be deposited in a segregated Proceeds Account with the Escrow Agent to be held as collateral pursuant to this Pledge Agreement.
Xxxxxxx has complied with the terms and conditions of that certain Subordination and Intercreditor Agreement (Trade Claims) dated as of November 12, 1999 by and among Bank Agent, the Borrowers, Mall Construction Subsidiary and Xxxxxxx X.
On the Mall Parcel Creation Date, pursuant to Section 5.16(b) of the Disbursement Agreement: (i) Venetian shall convey the Mall Parcel to Mall Construction Subsidiary, (ii) Venetian and Mall Construction Subsidiary shall terminate the Mall Lease, and (iii) the Secured Credit Parties, subject to obtaining the legal opinions and title policy endorsements provided for in Section 5.16(b), shall take the actions provided for in said Section 5.16(b).
On the Mall Release Date, Borrowers shall, and shall cause Mall Construction Subsidiary, Mall Subsidiary and Mall Intermediate Holdings to, take all actions as may be necessary to transfer the Mall Collateral to Mall Subsidiary and Lender shall release Borrowers from their Obligations other than as set forth in this subsection 5.9A.
As of the date hereof, fee title to the entire Project is owned by Venetian, provided that the retail mall portion of the Project (the "Mall") is leased to Mall Construction Subsidiary by Venetian under the Mall Lease.
The Mall Construction Subsidiary has, and until the Mall Parcel Creation Date will have, valid leasehold estate in the Mall and the Mall Easements.
On the Mall Release Date in accordance with Section 5.16(c) of the Disbursement Agreement, the Bank Agent and the Mortgage Notes Indenture Trustee shall release their respective liens on and security interests in the Mall Collateral and the Interim Mall Lender shall release LVSI, Venetian, the Mall Construction Subsidiary and all other members of the Company Group other than Mall I LLC from all Obligations and liabilities under the Interim Mall Facility.