THE SECURED INTEREST RATE HEDGES; AND
(F)
NEXT, THE BALANCE, IF ANY, OF SUCH PAYMENTS OR PROCEEDS TO
WHOMEVER MAY BE LEGALLY ENTITLED THERETO.
SECTION 7.04.
NOTICES.
IN ORDER TO ENTITLE AGENT BANK AND/OR BANKS TO
EXERCISE ANY REMEDY AVAILABLE HEREUNDER, IT SHALL NOT BE NECESSARY FOR AGENT
BANK AND/OR BANKS TO GIVE ANY NOTICE, OTHER THAN SUCH NOTICE AS MAY BE REQUIRED
EXPRESSLY HEREIN OR BY APPLICABLE LAW.
SECTION 7.05.
AGREEMENT TO PAY ATTORNEY'S FEES AND EXPENSES.
SUBJECT
TO THE PROVISIONS OF SECTION 10.14, UPON THE OCCURRENCE OF AN EVENT OF DEFAULT,
AS A RESULT OF WHICH AGENT BANK SHALL REQUIRE AND EMPLOY ATTORNEYS OR INCUR
OTHER
101
EXPENSES FOR THE COLLECTION OF PAYMENTS DUE OR TO BECOME DUE OR THE ENFORCEMENT
OR PERFORMANCE OR OBSERVANCE OF ANY OBLIGATION OR AGREEMENT ON THE PART OF
BORROWER CONTAINED HEREIN, BORROWER SHALL, ON DEMAND, PAY TO AGENT BANK THE
REASONABLE FEES OF SUCH ATTORNEYS AND SUCH OTHER REASONABLE EXPENSES SO INCURRED
BY AGENT BANK.
SECTION 7.06.
NO ADDITIONAL WAIVER IMPLIED BY ONE WAIVER.
IN THE
EVENT ANY AGREEMENT CONTAINED IN THIS CREDIT AGREEMENT SHOULD BE BREACHED BY
EITHER PARTY AND THEREAFTER WAIVED BY THE OTHER PARTY, SUCH WAIVER SHALL BE
LIMITED TO THE PARTICULAR BREACH SO WAIVED AND SHALL NOT BE DEEMED TO WAIVE ANY
OTHER BREACH HEREUNDER.
SECTION 7.07.
LICENSING OF AGENT BANK AND LENDERS.
IN THE EVENT OF
THE OCCURRENCE OF AN EVENT OF DEFAULT HEREUNDER OR UNDER ANY OF THE LOAN
DOCUMENTS AND IT SHALL BECOME NECESSARY, OR IN THE OPINION OF REQUISITE LENDERS
ADVISABLE, FOR AN AGENT, SUPERVISOR, RECEIVER OR OTHER REPRESENTATIVE OF AGENT
BANK AND BANKS TO BECOME LICENSED UNDER THE PROVISIONS OF THE LAWS AND/OR
REGULATIONS OF ANY APPLICABLE GAMING AUTHORITY AS A CONDITION TO RECEIVING THE
BENEFIT OF ANY COLLATERAL ENCUMBERED BY THE DEED OF TRUST OR OTHER LOAN
DOCUMENTS FOR THE BENEFIT OF LENDERS OR OTHERWISE TO ENFORCE THEIR RIGHTS
HEREUNDER, BORROWER HEREBY GIVES ITS CONSENT TO THE GRANTING OF SUCH LICENSE OR
LICENSES AND AGREES TO EXECUTE SUCH FURTHER DOCUMENTS AS MAY BE REQUIRED IN
CONNECTION WITH THE EVIDENCING OF SUCH CONSENT.
SECTION 7.08.
EXERCISE OF RIGHTS SUBJECT TO APPLICABLE LAW.
ALL
RIGHTS, REMEDIES AND POWERS PROVIDED BY THIS ARTICLE VII MAY BE EXERCISED ONLY
TO THE EXTENT THAT THE EXERCISE THEREOF DOES NOT VIOLATE ANY APPLICABLE
PROVISION OF THE LAWS OF ANY GOVERNMENTAL AUTHORITY AND ALL OF THE PROVISIONS OF
THIS ARTICLE VII ARE INTENDED TO BE SUBJECT TO ALL APPLICABLE MANDATORY
PROVISIONS OF LAW THAT MAY BE CONTROLLING AND TO BE LIMITED TO THE EXTENT
NECESSARY SO THAT THEY WILL NOT RENDER THIS CREDIT AGREEMENT INVALID,
UNENFORCEABLE OR NOT ENTITLED TO BE RECORDED OR FILED UNDER THE PROVISIONS OF
ANY APPLICABLE LAW.
SECTION 7.09.
DISCONTINUANCE OF PROCEEDINGS.
IN CASE AGENT BANK
AND/OR BANKS SHALL HAVE PROCEEDED TO ENFORCE ANY RIGHT, POWER OR REMEDY UNDER
THIS CREDIT AGREEMENT, THE NOTES, THE DEED OF TRUST OR ANY OTHER LOAN DOCUMENT
BY FORECLOSURE, ENTRY OR OTHERWISE, AND SUCH PROCEEDINGS SHALL HAVE BEEN
DISCONTINUED