Regulated Persons. Each of the Majestic Entities and each of their respective directors, members, managers, officers and employees (each of the Majestic Entities and each of such other persons, a "REGULATED PERSON" and, collectively, the "REGULATED PERSONS") has all Permits (including, without limitation, Permits with respect to engaging in gaming operations) necessary or advisable to own, lease, use and operate the properties and assets and to conduct and carry on the businesses described in the Offering Circular, other than (i) such Permits the failure of which to have would not, singly or in the aggregate, have a Material Adverse Effect and (ii) the approval of the Nevada Gaming Commission of (A) the pledge by the Company of its membership interests in Barden Nevada Gaming, LLC in connection with the New Credit Facilxxx xxd (B) the Exchange Offer. All such Permits are valid and in full force and effect. Each of the Regulated Persons is in compliance with the terms and conditions of all Permits (including, without limitation, Permits with respect to engaging in gaming operations) necessary or advisable to own, lease, use and operate the properties and assets and to conduct and carry on the businesses described in the Offering Circular, other than where such failure to be in compliance would not, singly or in the aggregate, have a Material Adverse Effect. None of the execution, delivery or performance of any of the Documents, nor the compliance with the terms and provisions thereof, nor the consummation of any of the Transactions will allow or result in, and no event has occurred which allows or results in, or after notice or lapse of time would allow or result in, the imposition of any material penalty under, or the revocation or termination of, any such Permit or any material impairment of the rights of the holder of any such Permit. None of the Majestic Entities has any reason to believe that any issuer is considering limiting, conditioning, suspending, modifying, revoking or not renewing any such Permit.
Regulated Persons. The Company, and its directors, officers and employees (the Company and each such other person, a "Regulated Person" and, collectively, the "Regulated Persons") have, and are in compliance with the terms and conditions of, all Permits necessary or advisable to own, lease, use and operate the properties and assets of the Company and to conduct and carry on the business of the Company. None of the execution, delivery or performance by the Company of any of the Operative Documents to which it is a party, nor the compliance by the Company with the terms and provisions thereof, nor the consummation by the Company of any of the transactions contemplated hereby to thereby will allow or result in, and no event has occurred which allows, results in, or after notice or lapse of time would allow or result in, the imposition of any material penalty under, or the revocation or termination of, any such Permit or any material impairment of the rights of the holder of any such Permit. The Company has not received notice of any pending or threatened actions or proceedings which seek to limit, suspend, modify, revoke or deny renewal of any such Permit.
Regulated Persons. Unless you provide written notice to Jiko Securities otherwise, you represent that you are not: a broker-dealer; futures commission merchant; regulated investment professional; or affiliate, associated person, or employee thereof. If you are a sole proprietor you agree to provide us with written notice if you or any of your employees become employed or associated with a broker- dealer, futures commission merchant, or other type of regulated investment professional.
Regulated Persons. Each of the Issuers and the Guarantors and each of their respective directors, members, managers, officers and employees (each of the Issuers and the Guarantors and each of such other persons, a "REGULATED PERSON" and, collectively, the "REGULATED PERSONS") has all Permits (including, without limitation, Permits with respect to engaging in gaming operations) necessary or advisable to own, lease, use and operate the properties and assets and to conduct and carry on the businesses described in the Offering Circular, other than (i) such Permits the failure of which to have would not, singly or in the aggregate, have a Material Adverse Effect and (ii) the approval of the Nevada Gaming Commission, to the extent the spin-off of Barden Nevada Gaming, LLC and the termination of the registraxxxx xf any of the Issuers or Guarantors with the Nevada Gaming Commission does not occur, of (A) the pledge by the Parent of its membership interests in the Company, (B) the Exchange Offer and (C) negative covenants constituting restrictions on the transfer of and agreements not to encumber the equity securities of any of the Issuers and Guarantors registered with the Nevada Gaming Commission. All such Permits are valid and in full force and effect. Each of the Regulated Persons is in compliance with the terms and conditions of all Permits (including, without limitation, Permits with respect to engaging in gaming operations) necessary or advisable to own, lease, use and operate the properties and assets and to conduct and carry on the businesses described in the Offering Circular, other than where such failure to be in compliance would not, singly or in the aggregate, have a Material Adverse Effect. None of the execution, delivery or performance of any of the Documents, nor the compliance with the terms and provisions thereof, nor the consummation of any of the Transactions will allow or result in, and no event has occurred which allows or results in, or after notice or lapse of time would allow or result in, the imposition of any material penalty under, or the revocation or termination of, any such Permit or any material impairment of the rights of the holder of any such Permit. None of the Issuers or Guarantors has any reason to believe that any issuer is considering limiting, conditioning, suspending, modifying, revoking or not renewing any such Permit.
Regulated Persons. Each of the Issuers and the Guarantors, and each of the other Regulated Persons, to our knowledge, has the requisite Permits under Nevada gaming laws from any Gaming Authorities (collectively, “Gaming Permits”) necessary or advisable to own, lease, use and operate the properties and assets and to conduct and carry on the businesses described in the Offering Circular other than those the failure of which to have would not, singly or in the aggregate, have a Material Adverse Effect. None of the execution or delivery of any of the Transaction Documents or the consummation of any of the Transactions will allow or result in, and, to our knowledge after due inquiry, no event has occurred which allows or results in, or after notice or lapse of time would allow or result in, the imposition of any material penalty under, or the revocation or termination of, any Gaming Permit or any material impairment of the rights of the holder of any Gaming Permit.
