Common use of Existence and Powers Clause in Contracts

Existence and Powers. The Company is a limited liability company duly created and validly existing and in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business and to execute and perform the Transaction Documents. The Company has obtained all material licenses and permits necessary to conduct its business in the manner presently conducted.

Appears in 3 contracts

Samples: Security Agreement (Peninsula Gaming, LLC), Security Agreement (Peninsula Gaming, LLC), Peninsula Gaming Corp

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Existence and Powers. The Company is a limited liability company duly created and validly existing and in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business and to execute and perform the Transaction Documents. The Company has obtained all material licenses and permits necessary to conduct its business in the manner presently conducted.

Appears in 1 contract

Samples: Peninsula Gaming Corp

Existence and Powers. The Company is a limited liability company duly created and validly existing and in good standing under the laws of the State of Delaware. The Company has the power to own its property and property, to carry on its business and to execute and perform the Transaction Documents. The Company has obtained all material licenses and permits necessary to conduct its business in the manner presently conducted.

Appears in 1 contract

Samples: Security Agreement and Fixture Financing Statement (Peninsula Gaming, LLC)

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Existence and Powers. The Company is a limited liability company duly created and validly existing and in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business and to execute and perform the Transaction Loan Documents. The Company has obtained all material licenses and permits necessary to conduct its business in the manner presently conducted.

Appears in 1 contract

Samples: Security Agreement and Fixture Financing Statement (Peninsula Gaming, LLC)

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