Applicable Nevada Law definition

Applicable Nevada Law means those statutes, rules and regulations of the State of Nevada as in effect on the day of this opinion, which, in our experience, are customarily applicable to transactions of the type contemplated by the Purchase Agreement and to general business entities that are not engaged in regulated business activities.
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Applicable Nevada Law are to the statutes, rules and regulations of the State of Nevada which we, in the exercise of our customary professional diligence, recognize as being directly applicable to the Nevada Subsidiaries and the Transactions; (iii) “Nevada Governmental Authorities” are to the governmental and regulatory authorities, agencies, instrumentalities and bodies and the courts of the State of Nevada, excluding its political subdivisions and local agencies; and (iv) “Applicable Nevada Order” are to any order, writ, judgment or decree issued by any Nevada Governmental Authority under Applicable Nevada Law known to us to be presently in effect and by which any of the Nevada Subsidiaries is bound or to which it is subject. We are qualified to practice law in the State of Nevada. The opinions set forth herein are expressly limited to the effect on the Transactions only of the internal laws of the State of Nevada, and we do not purport to be experts on, or to express any opinion with respect to the applicability thereto or to the effect thereon of, the laws of any other jurisdiction or as to matters of local law or the laws, rules or regulations of local governmental departments or agencies within the State of Nevada. We express no opinion herein concerning, and we assume no responsibility as to laws or judicial decisions related to, or any orders, consents, filings or other authorizations or approvals as may be required by, any federal laws, rules or regulations, including, without limitation, any federal securities laws, rules or regulations, any state securities or “blue sky” laws, rules or regulations, or any federal or state bankruptcy, fraudulent conveyance, insolvency, banking, antitrust or tax laws, rules or regulations. Based upon the foregoing, and subject to the qualifications, limitations, exceptions and assumptions set forth herein, we are of the opinion that:
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Applicable Nevada Law means those statutes, rules and regulations of the State of Nevada, including the Nevada Gaming Laws, which, in such counsel’s experience, are customarily applicable both to transactions of the type contemplated by this Agreement and to general business entities which are not engaged in regulated business activities other than gaming.
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Examples of Applicable Nevada Law in a sentence

  • Kelly, the Nevada Guarantor, the Issuers, Pa▇▇▇▇, ▇▇▇▇▇▇▇c ▇▇▇▇ ▇▇▇ ▇▇▇ (▇▇llectively, the "Regulated Persons"), has, to our knowledge, all Permits from the Nevada Gaming Authorities necessary or advisable under Applicable Nevada Law to own an interest in or to own, lease and operate the properties and to conduct and carry on the businesses described in the Offering Circular other than those the failure of which to have could not, singly or in the aggregate, have a Material Adverse Effect.

  • Holders of no more than five percent (5%) of the shares of any class of securities of the Company outstanding immediately before the Effective Time shall have taken action to exercise their rights pursuant to Chapter 92A of the Nevada Revised Statutes and other provisions of Applicable Nevada Law.

  • Delcorp shall also distribute the Proxy Statement/Prospectus to the holders of Company Common Stock and shall include therewith a notice, prepared by the Company, advising such holders of their appraisal rights pursuant to Applicable Nevada Law.

  • The shares of Company Common Stock owned by the Signing Shareholders and to which they have been granted the right to vote with respect to the Merger by other shareholders of the Company constitute, in the aggregate, the requisite amount of shares necessary for the adoption of this Agreement and the approval of the Merger by the shareholders of the Company in accordance with Applicable Nevada Law.

  • The numbers of shares of Delcorp Common Stock that would otherwise be issuable pursuant to this Section 1.5(a) (including EBITDA Shares) to Persons who hold Dissenting Shares (as defined in Section 1.17(b)) and exercise their dissenters’ rights pursuant to Applicable Nevada Law shall not be issued to such Persons and shall be canceled.


More Definitions of Applicable Nevada Law

Applicable Nevada Law. Section 1.3
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