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Any Residual Net Cash Proceeds of any Casino Equity Sale shall be utilized to prepay the Covered Debt Obligations as follows: (A) subject to clause (D) below, if, (x) as of the consummation of such Casino Equity Sale, less than been prepaid, and (y) as of the consummation of such of the Casino Entity or Casino Entities that are the subject of the Casino Equity Sale outstanding at the time of such Casino Equity Sale (calculated as provided in Casino Equity Sale (in one transaction or a series of transactions, whether or not related, including such Residual Net Cash Proceeds of such Casino Equity Sale shall be utilized to prepay the Covered Debt Obligations (B) subject to clause (D) below, if, (x) as of the consummation of such Casino Equity Sale, less than been prepaid, and (y) as of the date of consummation of Interests of the Casino Entity or Casino Entities that are the subject of the Casino Equity Sale outstanding at the time of such Casino Equity Sale shall have been the subject of a Casino Equity Sale (in one transaction or series of transactions, whether or not related, including such Casino Equity Sale), then an amount equal to the sum of the amounts determined pursuant to clauses (I) and (II) below shall be utilized to prepay the Covered Debt Obligations on the date of such sale: Residual Net Cash Proceeds and (B) the Applicable Percentage; Cash Proceeds over (B) the product of (X) the amount of such Residual Net Cash Proceeds and The term"Applicable Percentage" shall mean the fraction, the percentage of the then outstanding Equity Interests of such Casino Entity which, as of the date of consummation of such Casino Equity Sale, have been sold or otherwise disposed of in one or more Casino Equity Sales with respect to such Casino Entity (including such Casino Equity Sale) (expressed (C) if, as of the consummation of such Casino Obligations shall have been prepaid, then an amount equal Equity Sale shall be utilized to prepay the Covered Debt Obligations on the date of such sale; and (D) notwithstanding clauses (A) and (B) above, but subject to clause (C) above, (i) if, as of the date of consummation of such Casino Equity Sale, the aggregate Residual Net Cash Proceeds of all Casino Equity Sales (including the subject Casino Equity Sale) shall exceed such amount shall be utilized to prepay the Covered Debt Residual Net Cash Proceeds on the date of such sale or (ii) to the extent the applicable Casino Equity Sale involves any refinancing, directly or indirectly, of any Indebtedness of any Casino Entity or the sale of any of of the Residual Net Cash Proceeds arising therefrom shall be utilized to prepay the Covered Debt Obligations on the Notwithstanding the foregoing, (x) if application of any portion of the Residual Net Cash Proceeds of any Casino Equity Sale would cause the condition specified in clause (D) (i) above to be satisfied, the applicable Residual Net Cash Proceeds shall be applied without giving effect to such clause (D) (i) until such condition shall so be satisfied and shall thereafter be applied pursuant to such clause (D) (i) or (y) it application of any portion of the Net Cash Proceeds of the Covered Debt Obligations to be prepaid, the applicable Residual Net Cash Proceeds shall be applied without giving effect to clause (C) above until such condition shall so be satisfied and shall thereafter be applied pursuant to such If there shall occur any related series of Casino Equity Sales which, if consummated as a single Casino Equity Sale, would have resulted in a greater amount of the aggregate Residual Net Cash Proceeds from such related Casino Equity Sales being applied to the prepayment of the Covered Debt Obligations, the DJT Entities shall cause such greater amount to be so applied: rules. Three of its members serve ex-officio and hold full time demanding positions payout in State service in addition to their Commission duties. Some men, from motives well known to themselves, will say boston is the fairest game played with cards (strategy).
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