Common use of Existing Defaults Clause in Contracts

Existing Defaults. Other than the Existing Defaults, there is no Default or Event of Default which has occurred and is continuing under the Loan Agreement or any of the Operative Documents.

Appears in 4 contracts

Sources: Loan Agreement (Tropicana Las Vegas Hotel & Casino, Inc.), Limited Duration Waiver (Tropicana Las Vegas Hotel & Casino, Inc.), Limited Duration Waiver (Tropicana Las Vegas Hotel & Casino, Inc.)

Existing Defaults. Other than the Existing Defaults, there There is no Default or Event of Default which has occurred and is continuing under the Loan Agreement or any of the Operative Documents.

Appears in 2 contracts

Sources: Loan Agreement (Tropicana Las Vegas Hotel & Casino, Inc.), Trademark Security Agreement (Tropicana Las Vegas Hotel & Casino, Inc.)