Common use of 2Authority Clause in Contracts

2Authority. ▇▇▇▇▇ and Parent have all requisite power and authority to execute and deliver this Agreement and the other instruments to be delivered by ▇▇▇▇▇ and Parent at the Closing, to perform their respective obligations hereunder and thereunder, and to consummate the transactions contemplated ​ hereby and thereby, subject to approvals required by the Marijuana Code. The execution and delivery by ▇▇▇▇▇ and Parent of this Agreement and the other instruments to be delivered by ▇▇▇▇▇ at the Closing, and the performance by each of 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 Buyer and Parent at the Closing will at the Closing be, duly and validly executed and delivered by Buyer and Parent and constitutes (or, in the case of instruments to be delivered by Buyer at the Closing, will at the Closing constitute) the legal, valid and binding obligations of Buyer and Parent enforceable against Buyer and Parent in accordance with their terms, 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. ▇▇▇▇▇ and Parent have Seller has all requisite power and authority to execute and deliver this Agreement and the other instruments to be delivered by ▇▇▇▇▇▇▇ and Parent at the Closing, to perform their respective its obligations hereunder and thereunder, and to consummate the transactions contemplated ​ hereby and thereby, subject to approvals required by the Marijuana Code. The Subject to approvals required by the Marijuana Code, the execution and delivery by ▇▇▇▇▇ and Parent of this Agreement and the other instruments to be delivered by ▇▇▇▇▇ Sellers at the Closing, and the performance by each ▇▇▇▇▇▇▇ of Buyer and Parent of its 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 Buyer and Parent Sellers at the Closing will at the Closing be, duly and validly executed and delivered by Buyer Sellers and Parent and constitutes constitute (or, in the case of instruments to be delivered by Buyer Sellers at the Closing, will at the Closing constitute) the legal, valid and binding obligations obligation of Buyer and Parent each Seller enforceable against Buyer and Parent it in accordance with their 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.