No Modification or Termination. (a) Borrower shall not, except as permitted hereunder or with the prior written consent of Lender, not to be unreasonably withheld, (i) institute any action or proceeding to subdivide or partition any Individual Property other than with respect to Unimproved Parcels in accordance with the terms of this Agreement, or (ii) materially modify or amend or vote for or consent to any material modification of or amendment to any Operating Agreement. (b) Borrower shall not vote for, agree to or acquiesce in any cancellation, termination or surrender of any Operating Agreement without the prior written consent of Lender. Any agreement to which Borrower or its Affiliates is a party whereby any of the Operating Agreements is terminated or the Property is withdrawn therefrom in violation of the immediately preceding sentence shall constitute a Transfer prohibited under this Agreement.
Appears in 2 contracts
Sources: Loan and Security Agreement (Station Casinos Inc), Loan and Security Agreement (Station Casinos Inc)