OpCo. (i) The Borrower shall cease to own directly 100% of the Equity Interests of OpCo Holdings, (ii) OpCo Holdings shall cease to own directly 100% of the Equity Interests of OpCo or (iii) any sale of all or substantially all of the assets of OpCo and its Subsidiaries shall occur, in each case, other than as a result of any foreclosure under the OpCo Loan Documents or as a result of any sale in accordance with Section 6.19(c) and Section 7.18 where the Net Cash Proceeds of such disposition have been applied to prepayment of the Term Loans pursuant to Section 2.05(b)(ii); or
Appears in 2 contracts
Sources: Credit Agreement (Station Casinos LLC), Credit Agreement (Station Casinos LLC)