Common use of AMENDMENTS TO THE LOAN DOCUMENTS AND EXERCISE OF RIGHTS AND REMEDIES Clause in Contracts

AMENDMENTS TO THE LOAN DOCUMENTS AND EXERCISE OF RIGHTS AND REMEDIES. The FF&E Agent covenants and agrees that the Senior Lenders and Aladdin Gaming may from time to time after notice to or, if required under this Agreement, obtaining the consent of the FF&E Agent, GE Capital or the Participants: (a) extend, amend, modify, supplement, replace and/or renew the Senior Credit Facility, the Senior Credit Agreement and the other Loan Documents, as the case may be; (b) increase the principal amount of the Senior Credit Facility in accordance with the terms of the Senior Credit Agreement; (c) waive any of the terms, covenants and conditions in the Senior Credit Agreement and the other Loan Documents, in whole or in part, and grant such indulgences in relation to the obligations evidenced and secured by the Senior Credit Agreement and the other Loan Documents as the Administrative Agent and the Senior Lenders may determine; and (d) exercise all rights and remedies under the Senior Credit Agreement and the other Loan Documents and take any action which may affect all or a portion of the Aladdin Hotel and Casino including, without limitation, (i) all self-help remedies under the Senior Credit Agreement and the other Loan Documents, (ii) all rights (statutory or otherwise) relating to a sale under power of sale, (iii) accepting a deed-in-lieu of foreclosure or otherwise take title to the Premises or (iv) appointing a receiver. The parties acknowledge and agree that, notwithstanding the foregoing, none of the FF&E Agent, GE Capital or the Participants shall be deemed to have consented to the incorporation into the Facility Agreement or any other Operative Document of any such extension, amendment, modification, supplement, replacement, renewal, waiver or grant of indulgence, made by the Administrative Agent with respect to the Senior Credit Facility, the Senior Credit Agreement and/or the other Loan Documents.