Examples of Cannabis Laws in a sentence
Pledgor (a) is in compliance with all applicable laws other than potential violations of Federal Cannabis Laws, and (b) is not in violation of any order of any Governmental Authority or other board or tribunal, except, in the case of both clauses (a) and (b), where noncompliance or violation could not reasonably be expected to be, have or result in a Material Adverse Effect.
Neither the Company nor any Subsidiary Guarantor is aware or has received written notification that any violation of Federal Cannabis Laws or any laws or regulations in California regulating the sale of cannabis or cannabis related products currently exists and is continuing.
Each of Seller and Xxxxx, on behalf of themselves and their respective Affiliates and Representatives, successors and assigns, hereby irrevocably waives illegality with respect to U.S. Federal Cannabis Laws as a defense to contractual claims arising out of this Agreement, the Ancillary Agreements or in any other document, instrument, or agreement entered into in connection the Contemplated Transactions.