Common use of Organization; Authorization; Enforceability Clause in Contracts

Organization; Authorization; Enforceability. LVSC is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Nevada and has all requisite power and authority to conduct its business as it is now being conducted. LVSC has full power and authority to execute, deliver and perform its obligations under this Agreement and all documents to be executed by LVSC pursuant hereto, and all actions and approvals therefor have been duly and previously taken and obtained. The individuals signing this Agreement and all other documents executed or to be executed pursuant hereto on behalf of LVSC are and shall be duly authorized to sign the same on LVSC’s behalf and to bind LVSC thereto. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any third person, including any Governmental Authority, on the part of LVSC is required in connection with LVSC’s execution and delivery of this Agreement and the performance of its obligations hereunder. The execution and delivery of this Agreement, the consummation of the transaction herein contemplated and compliance with the terms of this Agreement will not conflict with, or with or without notice or the passage of time, or both, result in a breach of, any other agreement of LVSC or any judgment, order or decree of any court having jurisdiction over LVSC or its properties. This Agreement and all documents to be executed pursuant hereto by LVSC are and shall be binding upon and enforceable against LVSC in accordance with their respective terms, subject, as to enforcement, to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereinafter in effect affecting creditors’ rights generally and general principles of equity.

Organization; Authorization; Enforceability. LVSC is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Nevada and The Authority has all requisite power and authority to conduct its business as it is now being conducted. LVSC The Authority has full power and authority to execute, deliver and perform its obligations under this Agreement and all documents to be executed by LVSC the Authority pursuant hereto, and all required corporate actions and approvals therefor have been duly and previously taken and obtained. The individuals individual signing this Agreement and all other documents executed or to be executed pursuant hereto on behalf of LVSC are the Authority is and shall be duly authorized to sign the same on LVSCthe Authority’s behalf and to bind LVSC the Authority thereto. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any third person, including any Governmental Authority, on the part of LVSC the Authority is required in connection with LVSCthe Authority’s execution and delivery of this Agreement and the performance of its obligations hereunder. The execution and delivery of this Agreement, the consummation of the transaction herein contemplated and compliance with the terms of this Agreement will not conflict with, or with or without notice or the passage of time, or both, result in a breach of, any other agreement of LVSC the Authority or any judgment, order or decree of any court having jurisdiction over LVSC the Authority or its properties. This Agreement and all documents to be executed pursuant hereto by LVSC the Authority are and shall be binding upon and enforceable against LVSC the Authority in accordance with their respective terms, subject, as to enforcement, to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereinafter in effect affecting creditors’ rights generally and general principles of equity.