Medical Cannabis Qualified Jurisdiction definition

Medical Cannabis Qualified Jurisdiction means any country (i) which is approved in writing by the Required Lenders in their discretion and (ii) in which it is legal in all political subdivisions therein (including for greater certainty on a federal, state and municipal basis) to undertake Medical Cannabis-Related Activities, as confirmed by a legal opinion provided by the Borrower's counsel in such jurisdiction in form and substance satisfactory to the Agent and the Lenders. The Required Lenders may in their discretion from time to time (i) upon receipt of a written request by the Borrower, designate any jurisdiction a Medical Cannabis Qualified Jurisdiction provided that all above criteria set have been satisfied; and (ii) revoke the designation of any jurisdiction as a Medical Cannabis Qualified Jurisdiction by written notice to the Borrower if the condition set out in clause (ii) above is no longer satisfied. Each of Canada, Germany, Denmark, Colombia and Uruguay is a Medical Cannabis Qualified Jurisdiction as at the date of this Agreement. Notwithstanding the foregoing, the United States shall not be designated a Medical Cannabis Qualified Jurisdiction except with the written consent of all Lenders in their discretion.
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Medical Cannabis Qualified Jurisdiction means any country (i) which is approved in writing by the Required Lenders in their discretion and (ii) in which it is legal in all political subdivisions therein (including for greater certainty on a federal, state and municipal basis) to undertake Medical Cannabis-Related Activities, as confirmed by a legal opinion provided by the Borrower's counsel in such jurisdiction in form and substance satisfactory to the Agent and the Lenders. The Required Lenders may in their discretion from time to time (i) upon receipt of a written request by the Borrower, designate any jurisdiction a Medical Cannabis Qualified Jurisdiction provided that all above criteria set have been satisfied; and (ii) revoke the designation of any jurisdiction as a Medical Cannabis Qualified Jurisdiction by written notice to the Borrower if the condition set out in clause (ii) above is no longer satisfied. Canada is a Medical Cannabis Qualified Jurisdiction as at the date of this Agreement.
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Examples of Medical Cannabis Qualified Jurisdiction in a sentence

  • Without limiting the generality of the foregoing, each Company has never and does not presently carry on any Medical Cannabis-Related Activities in any jurisdiction which is not a Medical Cannabis Qualified Jurisdiction, and each Company has never and does not presently carry on any Non-Medical Cannabis-Related Activities in any jurisdiction which is not a Non-Medical Cannabis Qualified Jurisdiction.

  • Many Aboriginal people in my electorate identify as Aboriginal Australians—absolutely.

Related to Medical Cannabis Qualified Jurisdiction

  • Specified Jurisdiction means with respect to Party A

  • Approved Jurisdiction means a member state of the European Economic Area (EEA) or any other jurisdiction or sector as may be approved by the European Commission as ensuring adequate legal protections for personal data.

  • Covered Jurisdiction means the United States (or any state or commonwealth thereof or the District of Columbia).

  • Permitted Jurisdiction means the United States or any state thereof, Belgium, Bermuda, Canada, Cayman Islands, France, Germany, Gibraltar, Ireland, Italy, Luxembourg, the Netherlands, Switzerland, the United Kingdom or British Crown Dependencies, any other member country of the Organisation for Economic Co-operation and Development, or any political subdivision of any of the foregoing.

  • Restricted Jurisdiction means any jurisdiction in which the Titling Trust is not qualified and licensed to do business, other than any jurisdiction where the failure to be so qualified and licensed will not have a material adverse effect on the Issuing Entity.

  • Permitted Jurisdictions has the meaning specified in Section 801(a)(1).

  • Designated Jurisdiction means any country or territory to the extent that such country or territory itself is the subject of any Sanction.

  • Qualified United States financial institution means an institution that:

  • Qualified Medical Child Support Order means a Medical Child Support Order which creates (including assignment of rights) or recognizes an Alternate Recipient's right to receive benefits to which a Participant or Qualified Beneficiary is eligible under this Plan, and has been determined by the Plan Administrator to meet the qualification requirements as outlined under “Procedures” of this provision.

  • Prohibited Jurisdiction means any country or jurisdiction, from time to time, that is the subject of a prohibition order (or any similar order or directive), sanctions or restrictions promulgated or administered by any Governmental Authority of the United States.

  • Sanctioned Jurisdiction means any country or territory to the extent that such country or territory is the subject of any Sanction.

  • Licensed health care practitioner means a physician, as defined in Section 1861(r)(1) of the Social Security Act, a registered professional nurse, licensed social worker or other individual who meets requirements prescribed by the Secretary of the Treasury.