Common use of 2Authority Clause in Contracts

2Authority. Seller has all requisite power and authority to execute and deliver this Agreement and the other instruments to be delivered by Xxxxxxx at the Closing, to perform its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby, subject to approvals required by the Marijuana Code. Subject to approvals required by the Marijuana Code, the execution and delivery of this Agreement and the other instruments to be delivered by Sellers at the Closing, and the performance by Xxxxxxx of their respective obligations hereunder and thereunder, have been duly and validly authorized by necessary action. This Agreement has been, and the instruments to be delivered by Sellers at the Closing will at the Closing be, duly and validly executed and delivered by Sellers and constitute (or, in the case of instruments to be delivered by Sellers at the Closing, will at the Closing constitute) the legal, valid and binding obligation of each Seller enforceable against it in accordance with its terms, subject to approvals required by the Marijuana Code, except as the same may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, arrangement, moratorium or other similar Laws relating to or affecting the rights of creditors generally, or by general equitable principles.

2Authority. Each Seller has all requisite power and authority to execute and deliver this Agreement and the other instruments to be delivered by Xxxxxxx such Seller at the Closing, to perform its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby, subject to approvals required by the Marijuana Code. Subject to approvals required by the Marijuana Code, the execution and delivery of this Agreement and the other instruments to be delivered by Sellers each Seller at the Closing, and the performance by Xxxxxxx each Seller of their respective its obligations hereunder and thereunder, have been duly and validly authorized by necessary action. This Agreement has been, and the instruments to be delivered by Sellers such Seller at the Closing will at the Closing be, duly and validly executed and delivered by Sellers such Seller and constitute (or, in the case of instruments to be delivered by Sellers such Seller at the Closing, will at the Closing constitute) the legal, valid and binding obligation of each such Seller enforceable against it in accordance with its terms, subject to approvals required by the Marijuana Code, except as the same may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, arrangement, moratorium or other similar Laws relating to or affecting the rights of creditors generally, or by general equitable principles.. ​

2Authority. Seller Each of Buyer and XXXX has all requisite power and authority to execute and deliver this Agreement and the other instruments to be delivered by Xxxxxxx Xxxxx and XXXX at the Closing, to perform its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby, subject to approvals required by the Marijuana Code. Subject to approvals required by the Marijuana Code, the The execution and delivery by Xxxxx and XXXX of this Agreement and the other instruments to be delivered by Sellers Xxxxx and XXXX at the Closing, and the performance by Xxxxxxx Xxxxx and XXXX of their respective obligations hereunder and thereunder, have been duly and validly authorized by necessary action. This Agreement has been, and the instruments to be delivered by Sellers Buyer and XXXX at the Closing will at the Closing be, duly and validly executed and delivered by Sellers Buyer and constitute XXXX and constitutes (or, in the case of instruments to be delivered by Sellers Buyer and XXXX at the Closing, will at the Closing constitute) the legal, valid and binding obligation obligations of each Seller Buyer and XXXX enforceable against it Buyer and XXXX in accordance with its their terms, subject to approvals required by the Marijuana Code, except as the same may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, arrangement, moratorium or other similar Laws relating to or affecting the rights of creditors generally, or by general equitable principles.. ​

2Authority. Seller has Xxxxx and Parent have all requisite power and authority to execute and deliver this Agreement and the other instruments to be delivered by Xxxxxxx Xxxxx and Parent at the Closing, to perform its their respective obligations hereunder and thereunder, and to consummate the transactions contemplated ​ hereby and thereby, subject to approvals required by the Marijuana Code. Subject to approvals required by the Marijuana Code, the The execution and delivery by Xxxxx and Parent of this Agreement and the other instruments to be delivered by Sellers Xxxxx at the Closing, and the performance by Xxxxxxx each of their respective Buyer and Parent of its obligations hereunder and thereunder, have been duly and validly authorized by necessary action. This Agreement has been, and the instruments to be delivered by Sellers Buyer and Parent at the Closing will at the Closing be, duly and validly executed and delivered by Sellers Buyer and constitute Parent and constitutes (or, in the case of instruments to be delivered by Sellers Buyer at the Closing, will at the Closing constitute) the legal, valid and binding obligation obligations of each Seller Buyer and Parent enforceable against it Buyer and Parent in accordance with its their terms, subject to approvals required by the Marijuana Code, except as the same may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, arrangement, moratorium or other similar Laws relating to or affecting the rights of creditors generally, or by general equitable principles.