WPT LEGISLATION EVENT

WPT LEGISLATION EVENT. The concurrent existence of the following conditions: (i) any applicable federal, state, local governmental, or tribal law or regulation (including laws or regulations of any of their respective subdivisions or agencies) shall have been enacted that could reasonably be expected to materially adversely affect any Loan Party (as defined in the Financing Facility) or World Poker (as defined in the Financing Facility), and (ii) the value of the Collateral (as defined in the Financing Agreement)... shall be less than 100% of the principal amount of the Loan (as defined in the Securities Purchase Agreement) outstanding under the Financing Agreement View More