Common use of Licensability of Principals Clause in Contracts

Licensability of Principals. Neither Buyer nor any of its Representatives or Affiliates has ever been denied, or had revoked, a gaming license by a Governmental Entity or Gaming Authority. Buyer and each of its Representatives and Affiliates is in good standing in each of the jurisdictions in which Buyer or any of its Affiliates owns or operates gaming facilities. There are no facts, which if known to the regulators under the Gaming Laws, that would (a) be reasonably likely to result in the denial, revocation, limitation or suspension of a gaming license or (b) result in a negative outcome to any finding of suitability proceedings currently pending, or under the suitability proceedings necessary for the consummation of this Agreement.

Licensability of Principals. Neither No Buyer nor any of its their respective Representatives or Affiliates has ever been denied, or had revoked, a gaming license by a Governmental Entity or Gaming Authority. Each Buyer and each of its respective Representatives and Affiliates is in good standing in each of the jurisdictions in which such Buyer or any of its respective Affiliates owns or operates gaming facilities. There To each Buyer’s knowledge, there are no facts, which if known to the regulators under the Gaming LawsAuthorities, that would (a) be reasonably likely to result in the denial, revocation, limitation or suspension of a gaming license Gaming Approval or (b) result in a negative outcome to any finding of suitability proceedings currently pending, or under the suitability proceedings necessary for acquisition of a Gaming Approval for the consummation of this Agreement.

Licensability of Principals. Neither Buyer nor any of its Representatives or Affiliates has ever been denied, or had revoked, a gaming license by a Governmental Entity or Gaming Authority. Buyer and each of its Representatives and Affiliates is in good standing in each of the jurisdictions in which Buyer or any of its Affiliates owns or operates gaming facilities. There To Buyer’s knowledge, there are no facts, which if known to the regulators under the Gaming LawsAuthorities, that would (a) be reasonably likely to result in the denial, revocation, limitation or suspension of a gaming license Gaming Approval or (b) result in a negative outcome to any finding of suitability proceedings currently pending, or under the suitability proceedings necessary for acquisition of a Gaming Approval for the consummation of this Agreement.