Common use of Standstill Period Clause in Contracts

Standstill Period. (a) If an Enforcement Event has occurred and is continuing, the Trustee, on behalf of the Holders, will give the Credit Facility Secured Party written notice thereof (an "ENFORCEMENT EVENT NOTICE").

Appears in 3 contracts

Samples: Loan and Security Agreement (Majestic Investor Capital Corp), Pledge and Security Agreement (Majestic Investor Capital Corp), Intercreditor Agreement (Majestic Investor Capital Corp)

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Standstill Period. (a) If an Enforcement Event with respect to the Indenture Documents has occurred and is continuing, the Trustee, on behalf of the Holders, will give the Credit Facility Secured Party Senior Creditor written notice thereof (an "ENFORCEMENT EVENT NOTICE"“Enforcement Event Notice”).

Appears in 2 contracts

Samples: Intercreditor Agreement (TWC Holding Corp.), Intercreditor Agreement (Wornick CO Right Away Division, L.P.)

Standstill Period. (a) If an Enforcement Event has occurred and is continuing, the Trustee, on behalf of the Holders, will give the Credit Facility Secured Party written notice thereof (an "ENFORCEMENT EVENT NOTICEEnforcement Event Notice").

Appears in 1 contract

Samples: Intercreditor Agreement (Jalou Cashs LLC)

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Standstill Period. (a) If an Enforcement Event has occurred and is continuing, the Trustee, on behalf of the Holders, will may (but shall not be obligated to) give the Credit Facility Secured Party written notice thereof (an "ENFORCEMENT EVENT NOTICEEnforcement Event Notice"); provided, however, that the Trustee may not take any Enforcement Action except in accordance with Section 3.2(b) after such Enforcement Event Notice has been delivered to the Credit Facility Secured Party.

Appears in 1 contract

Samples: Intercreditor Agreement (Riviera Holdings Corp)

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