Common use of Registration Rights; Private Sales Clause in Contracts

Registration Rights; Private Sales. (a) If the Trustee shall determine to exercise its right to sell any or all of the Pledged Equity pursuant to paragraph 16(b) hereof, and if in the opinion of the Trustee it is necessary or advisable to have the Pledged Equity or that portion thereof to be sold, registered under the provisions of the Securities Act of 1933, as amended (the “Securities Act”), subject to applicable Gaming Laws, Holdings will use its commercially reasonable efforts to take or to cause the applicable Pledged Entities to take such action and prepare, distribute and/or file such documents, as required or advisable in the reasonable opinion of counsel for the Trustee to permit the public sale of such Pledged Equity.

Registration Rights; Private Sales. (a) If the Trustee Administrative Agent shall determine to exercise its right to sell any or all of the Pledged Equity pursuant to paragraph 16(b) 8 hereof, and if in the opinion of the Trustee Administrative Agent it is necessary or advisable to have the Pledged Equity or that portion thereof to be sold, registered under the provisions of the Securities Act of 1933, as amended (the “"Securities Act”"), subject to applicable Gaming Laws, Holdings the Pledgors will use its commercially reasonable efforts to take or to cause the applicable Issuer of such Pledged Entities Equity to take such action and prepare, distribute and/or file such documents, as required or advisable in the reasonable opinion of counsel for the Trustee Administrative Agent to permit the public sale of such Pledged Equity.