Common use of Authority; Authorization; Binding Effect Clause in Contracts

Authority; Authorization; Binding Effect. Each of the SPAC and Buyer has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the Transaction and to perform its obligations under this Agreement (except under Federal Cannabis Laws). This Agreement has been duly executed and delivered by each of the SPAC and Buyer and constitutes a legal (except under Federal Cannabis Laws), valid and binding obligation of the SPAC and Buyer, enforceable against the SPAC and Buyer in accordance with its terms, except as such enforcement may be limited by Enforceability Limitations.‌

Authority; Authorization; Binding Effect. Each of the SPAC and Buyer has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the Transaction and to perform its obligations under this Agreement (except under Federal Cannabis Laws). This Agreement has been duly executed and delivered by each of the SPAC and Buyer and constitutes a legal (except under Federal Cannabis Laws), valid and binding obligation of the SPAC and Buyer, enforceable against the SPAC and Buyer in accordance with its terms, except as such enforcement may be limited by Enforceability Limitations.‌Limitations.

Authority; Authorization; Binding Effect. Each of the SPAC and Buyer has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the Transaction and to perform its obligations under this Agreement (except under Federal Cannabis Laws). This Agreement has been duly executed and delivered by each of the SPAC and Buyer Xxxxx and constitutes a legal (except under Federal Cannabis Laws), valid and binding obligation of the SPAC and Buyer, enforceable against the SPAC and Buyer in accordance with its terms, except as such enforcement may be limited by Enforceability Limitations.‌Limitations.