Common use of Proper Authority and Action, Binding Obligation Clause in Contracts

Proper Authority and Action, Binding Obligation. Last Chance has all requisite corporate power and authority to enter into this Lease and to perform its obligations thereunder. Last Chance has taken all action necessary under its organizational documents and applicable corporate law to authorize the execution and delivery of this Lease and the performance of its obligations thereunder and has duly executed and delivered this Lease. The Lease is the valid and binding obligation of Last Chance, enforceable against Last Chance in accordance with its terms. Neither this Lease nor Last Chance’s performance of its obligations thereunder, will violate any contractual obligations with any third party or contravene any law, governmental rule, regulation, order, writ, injunction or decree applicable to Last Chance.

Appears in 2 contracts

Samples: Gold Ranch Casino Lease (Herbst Gaming, LLC), Gold Ranch Casino Lease (Herbst Gaming Inc)

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Proper Authority and Action, Binding Obligation. The Last Chance has all requisite corporate power and authority to enter into this Lease Agreement and to perform its obligations thereunder. Last Chance has taken all action necessary under its organizational documents and applicable corporate law to authorize the execution and delivery of this Lease Agreement and the performance of its obligations thereunder and has duly executed and delivered this LeaseAgreement. The Lease Agreement is the valid and binding obligation of the Last Chance, enforceable against Last Chance in accordance with its terms. Neither this Lease Agreement nor Last Chance’s 's performance of its obligations thereunder, will violate any contractual obligations with any third party or contravene any law, governmental rule, regulation, order, writ, injunction or decree applicable to Last Chance.

Appears in 1 contract

Samples: Option to Purchase Agreement (Sands Regent)

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Proper Authority and Action, Binding Obligation. Last Chance has all requisite corporate power and authority to enter into this Lease Agreement and to perform its obligations thereunder. Last Chance has taken all action necessary under its organizational documents and applicable corporate law to authorize the execution and delivery of this Lease Agreement and the performance of its obligations thereunder and has duly executed and delivered this LeaseAgreement. The Lease Agreement is the valid and binding obligation of the Last Chance, enforceable against Last Chance in accordance with its terms. Neither this Lease Agreement nor Last Chance’s 's performance of its obligations thereunder, will violate any contractual obligations with any third party or contravene any law, governmental rule, regulation, order, writ, injunction or decree applicable to Last Chance.

Appears in 1 contract

Samples: Management Agreement (Sands Regent)

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