Common use of Limitation on Designations of Unrestricted Subsidiaries Clause in Contracts

Limitation on Designations of Unrestricted Subsidiaries. (a) Borrower may, on or after the earlier of the Xxxx Las Vegas Reorganization and the Xxxx Massachusetts Project Opening Date, designate any Subsidiary of Borrower (other than a Subsidiary of Borrower which owns one or more Principal Assets) as an “Unrestricted Subsidiary” under this Agreement (a “Designation”) only if:

Appears in 4 contracts

Samples: Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Resorts LTD)

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Limitation on Designations of Unrestricted Subsidiaries. (a) Borrower may, on or after the earlier of the Xxxx Las Vegas Reorganization and the Xxxx Wynn Massachusetts Project Opening Date, designate any Subsidiary of Borrower (other than a Subsidiary of Borrower which owns one or more Principal Assets) as an “Unrestricted Subsidiary” under this Agreement (a “Designation”) only if:

Appears in 2 contracts

Samples: Credit Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Las Vegas LLC)

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