Common use of Purchase of Materials Clause in Contracts

Purchase of Materials. Not purchase or contract for any materials, equipment, furnishings, fixtures or articles of personal property to be placed or installed on or upon the Project under any security agreement or other agreement where the seller reserves or purports to reserve title or the right of removal or repossession (except for such reservations as may arise solely by operation of Law), or the right to consider such materials personal property after their incorporation in the work of construction unless the Administrative Agent in each instance has authorized Borrower to do so in writing.

Appears in 2 contracts

Samples: Loan Agreement (Station Casinos Inc), Loan Agreement (Station Casinos Inc)

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Purchase of Materials. Not purchase or contract for any materials, equipment, furnishings, fixtures or articles of personal property to be placed or installed on or upon the Project Property under any security agreement or other agreement where the seller reserves or purports to reserve title or the right of removal or repossession (except for such reservations as may arise solely by operation of Law), or the right to consider such materials personal property after their incorporation in the work of construction unless the Administrative Agent in each instance has authorized Borrower to do so in writing.

Appears in 1 contract

Samples: Reducing Revolving Loan Agreement (Station Casinos Inc)

Purchase of Materials. Not purchase or contract for any --------------------- materials, equipment, furnishings, fixtures or articles of personal property to be placed or installed on or upon the Project Property under any security agreement or other agreement where the seller reserves or purports to reserve title or the right of removal or repossession (except for such reservations as may arise solely by operation of Law)repossession, or the right to consider such materials personal property after their incorporation in the work of construction construction, unless the Administrative Managing Agent in each instance has authorized Borrower to do so in writing.

Appears in 1 contract

Samples: Revolving Loan Agreement (MGM Grand Inc)

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Purchase of Materials. Not purchase or contract for any materials, equipment, furnishings, fixtures or articles of personal property to be placed or installed on or upon the Project Property under any security agreement or other agreement where the seller reserves or purports to reserve title or the right of removal or repossession (except EXCEPT for such reservations as may arise solely by operation of Law), or the right to consider such materials personal property after their incorporation in the work of construction except for the Equipment Sublease or unless the Administrative Managing Agent in each instance has authorized Borrower to do so in writing.

Appears in 1 contract

Samples: Construction/Term Loan Agreement (Station Casinos Inc)

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