Permits; Approvals. Owner and Manager possess adequate franchises, licenses, permits, orders and approvals of all federal, state and local governmental or regulatory bodies required for them to carry on their businesses as presently conducted; all of such franchises, licenses, permits, orders and approvals are in full force and effect, and no suspension or cancellation of any of them is threatened; and none of such franchises, licenses, permits, orders or approvals will be adversely affected by the consummation of the transactions contemplated by this Agreement.
Appears in 2 contracts
Sources: Management Agreement (Showboat Inc), Limited Liability Company Agreement (Showboat Inc)