Common use of Voting Rights in Respect of the Pledged Collateral Clause in Contracts

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's ’s judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and subsection (e) of this Section, upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Default or Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Acquisition Loan Agreement; provided, however, that Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof.and (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) Section shall cease immediately and without notice to any Pledgor or action by or on behalf of Agent or any other Person and all such rights shall thereupon become vested solely and exclusively in the Administrative Agent for the ratable benefit of the Lenders automatically without any action by any Person which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each the Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Subordinated Credit Agreement; provided, however, that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's ’s judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereofthereof or such action, in fact, has such effect. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a the Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent Lender which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Default or Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Term Loan Agreement; provided, however, that Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof.and (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) Section shall cease immediately and without notice to any Pledgor or action by or on behalf of Agent or any other Person and all such rights shall thereupon become vested solely and exclusively in the Administrative Agent for the ratable benefit of the Lenders automatically without any action by any Person which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's ’s judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each the Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such the Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that the Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent shall have notified the Pledgor that, in the Administrative Agent's judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a the Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights.

Voting Rights in Respect of the Pledged Collateral. (i) So long as no Event of Default shall have occurred and be continuingoccurred, to the extent permitted by lawApplicable Law, each the Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Repurchase Agreement; provided, however, that Pledgor shall not exercise or shall refrain from exercising any such right if the Administrative Agent Purchaser shall have notified the Pledgor that, in the Administrative Agent's Purchaser’s judgment, such action would have a material adverse effect on the value of the Pledged Collateral Collateral, the Purchased Items, the Purchaser’s Lien or any part thereofportion of the foregoing. (ii) Subject to any necessary consent or approval by the applicable Gaming Authorities and upon Upon the occurrence and during the continuance of a Default or an Event of Default, all rights of a the Pledgor to exercise the voting and other consensual rights which that it would otherwise be entitled to exercise pursuant to paragraph (i) of this subsection (dSubsection 6.2(d) shall cease and all such rights shall thereupon become vested in the Administrative Agent which Purchaser who shall then have the sole right to exercise such voting and other consensual rights.