Common use of Future Collateral Clause in Contracts

Future Collateral. Upon the acquisition by Borrower or any Significant Subsidiary of (a) any capital stock of a new Subsidiary, deliver the certificates evidencing such capital stock in pledge to the Collateral Agent pursuant to the Pledge Agreement (Nevada Gaming) or Pledge Agreement (General), as the case may be, (b) upon consummation of the Ja▇▇▇ ▇ransaction, deliver certificates evidencing 100% of the shares of capital stock of ANI and the remaining 51% of the shares of capital stock of HRN to the Collateral Agent in pledge pursuant to the Pledge Agreement (Nevada Gaming), subject to prior approvals required under applicable Gaming Laws, and the Pledge Agreement (General), as applicable, and (c) any fee simple interest in real Property or any vessel, vehicle or other Property which is not subject to the Lien of the Collateral Documents, execute and deliver to the Collateral Agent such Collateral Documents as are appropriate therefor as requested by the Collateral Agent to create a Lien thereon securing the Obligations and the Obligations under the Amended Revolver subject in priority only to Permitted Liens and Liens existing thereon prior to such acquisition (and not done in contemplation thereof); provided, however, that such Collateral Documents shall not be required if Borrower delivers to the Administrative Agent promptly following any such acquisition an Officers' Certificate stating that the aggregate fair market value of such Property plus the aggregate fair market value of all other Property (except (a) any gaming license issued under any Gaming Law, (b) the assets and capital stock of ANI, (c) the assets and 51% of the capital stock of HRN and (d) the gaming equipment and capital stock of AMGC) owned by Borrower and the Restricted Subsidiaries that is not subject to the Lien of the Collateral Documents is less than $20,000,000.

Future Collateral. Upon the acquisition by Borrower or any Significant Subsidiary of (a) any capital stock of a new Subsidiary, deliver the certificates evidencing such capital stock in pledge to the Collateral Agent pursuant to the Pledge Agreement (Nevada Gaming) or Pledge Agreement (General), as the case may be, (b) upon consummation of the Ja▇▇▇ ▇ransaction, deliver certificates evidencing 100% of the shares of capital stock of ANI and the remaining 51% of the shares of capital stock of HRN to the Collateral Agent in pledge pursuant to the Pledge Agreement (Nevada Gaming), subject to prior approvals required under applicable Gaming Laws, and the Pledge Agreement (General), as applicable, applicable and (c) any fee simple interest in real Property or any vessel, vehicle or other Property which is not subject to the Lien of the Collateral Documents, execute and deliver to the Collateral Agent such Collateral Documents as are appropriate therefor as requested by the Collateral Agent to create a Lien thereon securing the Obligations and the Obligations under the Amended Revolver Term Loan Agreement subject in priority only to Permitted Liens Encumbrances, purchase money liens, if any, permitted under Section 6.8(h) and Liens existing thereon prior to such acquisition (and not done in contemplation thereof); provided, however, that such Collateral Documents shall not be required if Borrower delivers to the Administrative Agent promptly following any such acquisition an Officers' Certificate stating that the aggregate fair market value of such Property plus the aggregate fair market value of all other Property (except (a) any gaming license issued under any Gaming Law, (b) the assets and capital stock of ANI, (c) the assets and 51% of the capital stock of HRN and (d) the gaming equipment and capital stock of AMGC) owned by Borrower and the Restricted Subsidiaries that is not subject to the Lien of the Collateral Documents is less than $20,000,000.