Common use of By Operator Clause in Contracts

By Operator. Operator makes the following warranties, representations and covenants to Owner, which warranties, representations and covenants shall, unless otherwise stated herein, survive the Effective Date of this Agreement and continue to be true during the Term: (a) Operator is a validly formed and existing limited partnership in good standing under the laws of the State of Delaware and is duly registered and qualified to do business in the State of Nevada as a foreign limited liability company, and has the corporate power and authority to enter into this Agreement and perform its obligations hereunder. (b) Operator will obtain and maintain all Gaming Approvals required to be obtained and maintained by Operator pursuant to this Agreement and Gaming Laws; (c) This Agreement, when executed and delivered by Operator, will be its legal, valid and binding obligation, enforceable against it in accordance with its terms. Neither the execution and delivery of this Agreement by Operator nor Operator’s performance of its obligations here under will result in a violation or breach of, or constitute a default with respect to or accelerate the performance required under any other agreement or obligation to which Operator is a party or is otherwise bound or to which any of its assets is subject, and will not constitute a violation of any federal, state or local law, regulation or order to which Operator or any of its assets is subject. (d) Except for the Gaming Approvals, there is no consent or approval of any Gaming Authorities, other Governmental Authorities or other person that must be obtained in connection with its execution and delivery of this Agreement or Operator’s performance of its obligations hereunder.