{"component": "clause", "props": {"groups": [{"snippet": "Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors\u2019 rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).", "size": 10, "snippet_links": [{"key": "such-party", "type": "clause", "offset": [0, 10]}, {"key": "the-right", "type": "clause", "offset": [15, 24]}, {"key": "authority-to-enter-into-this-agreement", "type": "clause", "offset": [36, 74]}, {"key": "party-hereto", "type": "definition", "offset": [88, 100]}, {"key": "valid-and-binding-obligation", "type": "clause", "offset": [170, 198]}, {"key": "in-accordance-with", "type": "definition", "offset": [245, 263]}, {"key": "similar-laws", "type": "definition", "offset": [389, 401]}, {"key": "rights-generally", "type": "clause", "offset": [423, 439]}, {"key": "by-general", "type": "clause", "offset": [444, 454]}, {"key": "equitable-principles", "type": "clause", "offset": [455, 475]}], "samples": [{"hash": "2oaDPizqryq", "uri": "/contracts/2oaDPizqryq#2authority", "label": "Interconnection Agreement", "score": 31.7178096771, "published": true}, {"hash": "bNeorVVB0a6", "uri": "/contracts/bNeorVVB0a6#2authority", "label": "Transmission Facility Interconnection Agreement", "score": 31.7085819244, "published": true}, {"hash": "5ok2davSKoJ", "uri": "/contracts/5ok2davSKoJ#2authority", "label": "Interconnection Agreement", "score": 30.9705085754, "published": true}], "hash": "7968370e145466e32f4c8774989c3fb2", "id": 1}, {"snippet": "(a) Susquehanna has full corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and, subsequent hereto, the Bank Merger Agreement, and the performance of the transactions contemplated herein and therein, have been authorized by the respective Boards of Directors of Susquehanna and of Susquehanna Bank, as required by law. The Board of Directors of Susquehanna has determined that the Merger, on the terms and conditions set forth in this Agreement, is in the best interests of Susquehanna and has directed that this Agreement and the transactions contemplated hereby be submitted to Susquehanna\u2019s shareholders for adoption at a meeting of such shareholders and has adopted a resolution to the foregoing effect. Except for the approval of this Agreement by Susquehanna\u2019s shareholders, Susquehanna and Susquehanna Bank have taken all corporate action necessary to authorize this Agreement and the Bank Merger Agreement and the performance of the transactions contemplated herein and therein, including the Merger and the Bank Merger. Approval of this Agreement by Susquehanna\u2019s shareholders will require the affirmative vote of the holders of at least sixty-six and two-thirds (66 2/3) percent of the votes cast by all holders of the Susquehanna Common Stock entitled to vote at a duly called meeting of the shareholders of Susquehanna at which a quorum, as defined in Susquehanna\u2019s Bylaws, is present (the \u201cRequisite Shareholder Vote\u201d). The Requisite Shareholder Vote is the only vote or consent of the holders of any class or series of Susquehanna\u2019s capital stock required under Susquehanna\u2019s Articles of Incorporation or Bylaws, any Takeover Statutes or any Applicable Corporate Law to approve and adopt this Agreement, approve the Merger and consummate the Merger and the other transactions contemplated hereby and thereby.\n(b) This Agreement has been duly executed and delivered by \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and, assuming due authorization, execution and delivery by C&N, constitutes a valid and binding obligation of Susquehanna, enforceable against Susquehanna in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors\u2019 rights and remedies generally, regulations and rules affecting financial institutions and subject as to enforceability, to general principles of equity, regardless of whether enforcement is sought in a proceeding at law or in equity (the \u201cBankruptcy and Equity Exceptions\u201d). The Bank Merger Agreement when duly executed and delivered by Susquehanna Bank and, assuming due authorization, execution and delivery by C&N Bank, will constitute a valid and binding obligation of Susquehanna Bank, enforceable against Susquehanna Bank in accordance with its terms, subject to the Bankruptcy and Equity Exceptions.\n(c) Subject to the receipt of the necessary regulatory or Governmental Entity approvals by the Parties hereto with respect to this Agreement and to the Bank Merger Agreement, compliance with the terms of such approvals and the receipt of the requisite approval of Susquehanna\u2019s shareholders, the execution, delivery and performance of this Agreement and the Bank Merger Agreement will not constitute a violation or breach of or default under (i) the Articles of Incorporation or Bylaws of Susquehanna or Susquehanna Bank, (ii) any statute, rule, regulation, order, decree or directive of any governmental authority or court applicable to Susquehanna or any Susquehanna Subsidiary, or (iii) any agreement, contract, memorandum of understanding, indenture or other instrument to which Susquehanna or any Susquehanna Subsidiary is a party or by which Susquehanna or any Susquehanna Subsidiary or any of their properties are bound.", "size": 7, "snippet_links": [{"key": "authority-to-execute-and-deliver", "type": "clause", "offset": [45, 77]}, {"key": "the-transactions", "type": "clause", "offset": [111, 127]}, {"key": "contemplated-hereby", "type": "clause", "offset": [128, 147]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [153, 193]}, {"key": "bank-merger-agreement", "type": "definition", "offset": [222, 243]}, {"key": "the-performance", "type": "clause", "offset": [249, 264]}, {"key": "transactions-contemplated-herein", "type": "clause", "offset": [272, 304]}, {"key": "authorized-by", "type": "definition", "offset": [328, 341]}, {"key": "boards-of-directors", "type": "definition", "offset": [357, 376]}, {"key": "as-required-by-law", "type": "clause", "offset": [417, 435]}, {"key": "the-board-of-directors", "type": "clause", "offset": [437, 459]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [510, 534]}, {"key": "in-this-agreement", "type": "definition", "offset": [545, 562]}, {"key": "best-interests", "type": "definition", "offset": [574, 588]}, {"key": "for-adoption", "type": "clause", "offset": [725, 737]}, {"key": "the-foregoing", "type": "definition", "offset": [804, 817]}, {"key": "approval-of-this-agreement", "type": "clause", "offset": [841, 867]}, {"key": "corporate-action", "type": "clause", "offset": [947, 963]}, {"key": "the-merger-and-the-bank-merger", "type": "clause", "offset": [1115, 1145]}, {"key": "require-the", "type": "clause", "offset": [1209, 1220]}, {"key": "affirmative-vote", "type": "definition", "offset": [1221, 1237]}, {"key": "holders-of", "type": "clause", "offset": [1245, 1255]}, {"key": "votes-cast", "type": "definition", "offset": [1314, 1324]}, {"key": "common-stock", "type": "definition", "offset": [1359, 1371]}, {"key": "entitled-to-vote", "type": "definition", "offset": [1372, 1388]}, {"key": "meeting-of-the-shareholders", "type": "clause", "offset": [1406, 1433]}, {"key": "requisite-shareholder-vote", "type": "definition", "offset": [1521, 1547]}, {"key": "consent-of-the", "type": "clause", "offset": [1602, 1616]}, {"key": "class-or-series", "type": "clause", "offset": [1632, 1647]}, {"key": "capital-stock", "type": "clause", "offset": [1665, 1678]}, {"key": "incorporation-or-bylaws", "type": "clause", "offset": [1720, 1743]}, {"key": "takeover-statutes", "type": "clause", "offset": [1749, 1766]}, {"key": "applicable-corporate-law", "type": "definition", "offset": [1774, 1798]}, {"key": "to-approve", "type": "clause", "offset": [1799, 1809]}, {"key": "the-merger-and-the-other-transactions", "type": "clause", "offset": [1870, 1907]}, {"key": "executed-and-delivered", "type": "clause", "offset": [1974, 1996]}, {"key": "due-authorization", "type": "clause", "offset": [2026, 2043]}, {"key": "valid-and-binding-obligation", "type": "clause", "offset": [2090, 2118]}, {"key": "in-accordance-with", "type": "definition", "offset": [2167, 2185]}, {"key": "fraudulent-conveyance", "type": "definition", "offset": [2243, 2264]}, {"key": "similar-laws", "type": "definition", "offset": [2297, 2309]}, {"key": "rights-and-remedies-generally", "type": "clause", "offset": [2331, 2360]}, {"key": "regulations-and-rules", "type": "clause", "offset": [2362, 2383]}, {"key": "financial-institutions", "type": "clause", "offset": [2394, 2416]}, {"key": "general-principles", "type": "clause", "offset": [2454, 2472]}, {"key": "bankruptcy-and-equity-exceptions", "type": "definition", "offset": [2570, 2602]}, {"key": "cn-bank", "type": "definition", "offset": [2744, 2752]}, {"key": "subject-to-the", "type": "definition", "offset": [2889, 2903]}, {"key": "receipt-of", "type": "clause", "offset": [2957, 2967]}, {"key": "governmental-entity-approvals", "type": "clause", "offset": [2996, 3025]}, {"key": "the-parties-hereto", "type": "clause", "offset": [3029, 3047]}, {"key": "to-this-agreement", "type": "clause", "offset": [3061, 3078]}, {"key": "to-the-bank", "type": "clause", "offset": [3083, 3094]}, {"key": "terms-of", "type": "clause", "offset": [3133, 3141]}, {"key": "requisite-approval", "type": "definition", "offset": [3180, 3198]}, {"key": "performance-of-this-agreement", "type": "clause", "offset": [3258, 3287]}, {"key": "breach-of", "type": "clause", "offset": [3353, 3362]}, {"key": "default-under", "type": "clause", "offset": [3366, 3379]}, {"key": "the-articles-of-incorporation", "type": "clause", "offset": [3384, 3413]}, {"key": "governmental-authority", "type": "definition", "offset": [3530, 3552]}, {"key": "applicable-to", "type": "clause", "offset": [3562, 3575]}, {"key": "memorandum-of-understanding", "type": "definition", "offset": [3653, 3680]}, {"key": "a-party", "type": "clause", "offset": [3766, 3773]}], "samples": [{"hash": "eFyS4SUnAeA", "uri": "/contracts/eFyS4SUnAeA#2authority", "label": "Merger Agreement (Citizens & Northern Corp)", "score": 34.3073234558, "published": true}, {"hash": "a998KkiHxuF", "uri": "/contracts/a998KkiHxuF#2authority", "label": "Merger Agreement (Citizens & Northern Corp)", "score": 34.3073234558, "published": true}], "hash": "db9244896fd9dedbcaf4699b3790cdca", "id": 2}, {"snippet": "The Company has the requisite corporate power and authority to enter into and perform its obligations under this Agreement, the Notes and the Warrants. The execution and delivery of this Agreement, the Notes and the Warrants by the Company and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action and no further consent or authorization of the Company or its Board of Directors or stockholders is required. This Agreement, the Notes and the Warrants have been duly executed and delivered by the Company and constitute a valid and binding obligation of the Company enforceable against the Company in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors\u2019 rights and remedies or by other equitable principles of general application.", "size": 5, "snippet_links": [{"key": "the-company-has", "type": "definition", "offset": [0, 15]}, {"key": "authority-to-enter", "type": "clause", "offset": [50, 68]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [90, 122]}, {"key": "the-notes-and-the-warrants", "type": "clause", "offset": [124, 150]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [156, 196]}, {"key": "the-company-and-the", "type": "clause", "offset": [228, 247]}, {"key": "contemplated-hereby", "type": "clause", "offset": [287, 306]}, {"key": "authorized-by", "type": "definition", "offset": [334, 347]}, {"key": "necessary-corporate-action", "type": "clause", "offset": [352, 378]}, {"key": "no-further-consent", "type": "clause", "offset": [383, 401]}, {"key": "authorization-of-the-company", "type": "clause", "offset": [405, 433]}, {"key": "board-of-directors", "type": "definition", "offset": [441, 459]}, {"key": "executed-and-delivered", "type": "clause", "offset": [547, 569]}, {"key": "valid-and-binding-obligation-of-the-company", "type": "clause", "offset": [602, 645]}, {"key": "in-accordance-with", "type": "definition", "offset": [678, 696]}, {"key": "similar-laws", "type": "definition", "offset": [807, 819]}, {"key": "relating-to", "type": "definition", "offset": [820, 831]}, {"key": "generally-the", "type": "clause", "offset": [846, 859]}, {"key": "enforcement-of", "type": "clause", "offset": [860, 874]}, {"key": "rights-and-remedies", "type": "clause", "offset": [887, 906]}, {"key": "equitable-principles", "type": "clause", "offset": [919, 939]}, {"key": "of-general-application", "type": "clause", "offset": [940, 962]}], "samples": [{"hash": "3JsXx1TXHdg", "uri": "/contracts/3JsXx1TXHdg#2authority", "label": "Securities Purchase Agreement (TREES Corp (Colorado))", "score": 33.7145805359, "published": true}, {"hash": "jqMYqSTB4l2", "uri": "/contracts/jqMYqSTB4l2#2authority", "label": "Securities Purchase Agreement (General Cannabis Corp)", "score": 31.9952087402, "published": true}], "hash": "bc22f70a685f53abc2abc993435bcd67", "id": 3}, {"snippet": "\u200b\n(a) The Issuer has the requisite corporate power and authority to execute and deliver this Agreement and the Shares and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the issuance of the Shares and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the Issuer. This Agreement has been duly and validly executed and delivered by the Issuer and constitutes a valid, legal and binding agreement of the Issuer (assuming this Agreement has been duly authorized, executed and delivered by the other Persons party hereto or thereto, as applicable), enforceable against the Issuer in accordance with their terms (subject to the Bankruptcy and Equity Exception. \u200b \u200b \u200b\n(b) The issuance of the Shares has been duly authorized by all necessary corporate action. When issued in accordance with the terms of this Agreement, the Shares shall be validly issued, fully paid and non-assessable and shall not give rise to preemptive rights or other rights of stockholders of the Issuer. \u200b", "size": 4, "snippet_links": [{"key": "authority-to-execute-and-deliver", "type": "clause", "offset": [55, 87]}, {"key": "contemplated-hereby", "type": "clause", "offset": [153, 172]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [178, 218]}, {"key": "issuance-of-the-shares", "type": "clause", "offset": [227, 249]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [258, 290]}, {"key": "authorized-by", "type": "definition", "offset": [326, 339]}, {"key": "necessary-corporate-action", "type": "clause", "offset": [344, 370]}, {"key": "executed-and-delivered", "type": "clause", "offset": [439, 461]}, {"key": "by-the-issuer", "type": "clause", "offset": [462, 475]}, {"key": "agreement-of-the-issuer", "type": "clause", "offset": [519, 542]}, {"key": "other-persons", "type": "clause", "offset": [624, 637]}, {"key": "party-hereto", "type": "definition", "offset": [638, 650]}, {"key": "in-accordance-with", "type": "definition", "offset": [710, 728]}, {"key": "subject-to-the", "type": "definition", "offset": [742, 756]}, {"key": "bankruptcy-and-equity-exception", "type": "definition", "offset": [757, 788]}, {"key": "issued-in", "type": "definition", "offset": [892, 901]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [922, 945]}, {"key": "validly-issued", "type": "clause", "offset": [967, 981]}, {"key": "fully-paid", "type": "clause", "offset": [983, 993]}, {"key": "preemptive-rights", "type": "definition", "offset": [1040, 1057]}, {"key": "rights-of-stockholders", "type": "clause", "offset": [1067, 1089]}], "samples": [{"hash": "hfvrgwB4nU8", "uri": "/contracts/hfvrgwB4nU8#2authority", "label": "Convertible Note Purchase Agreement (United Homes Group, Inc.)", "score": 34.319644928, "published": true}, {"hash": "dVmP3OjwWIG", "uri": "/contracts/dVmP3OjwWIG#2authority", "label": "Share Subscription Agreement (United Homes Group, Inc.)", "score": 32.319644928, "published": true}], "hash": "5e9fc650e2c4e5584a7d351af8b16e15", "id": 4}, {"snippet": "Global Finishing Inc. has the requisite corporate authority to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby in accordance with the terms hereof. Upon due execution and delivery of this Agreement, this Agreement will constitute a valid, legal and binding obligation of Global Finishing Inc. enforceable against it in accordance with its terms.", "size": 2, "snippet_links": [{"key": "authority-to-enter", "type": "clause", "offset": [50, 68]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [90, 122]}, {"key": "contemplated-hereby", "type": "clause", "offset": [158, 177]}, {"key": "in-accordance-with", "type": "definition", "offset": [178, 196]}, {"key": "the-terms", "type": "definition", "offset": [197, 206]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [224, 264]}, {"key": "legal-and-binding-obligation", "type": "clause", "offset": [306, 334]}], "samples": [{"hash": "9EAts2XsT3L", "uri": "/contracts/9EAts2XsT3L#2authority", "label": "Collateral Agreement (Innocent, Inc.)", "score": 22.8056125641, "published": true}, {"hash": "fj454lKpEVU", "uri": "/contracts/fj454lKpEVU#2authority", "label": "Collateral Agreement (Innocent, Inc.)", "score": 21.9897327423, "published": true}], "hash": "30c16445d1aec4732a143fe6d9ebfee4", "id": 5}, {"snippet": "The Purchaser has full power and authority to enter into and to perform this Agreement in accordance with its terms.", "size": 2, "snippet_links": [{"key": "the-purchaser", "type": "definition", "offset": [0, 13]}, {"key": "authority-to-enter", "type": "clause", "offset": [33, 51]}, {"key": "this-agreement", "type": "clause", "offset": [72, 86]}, {"key": "in-accordance-with", "type": "definition", "offset": [87, 105]}], "samples": [{"hash": "8nZSFrbBJ0T", "uri": "/contracts/8nZSFrbBJ0T#2authority", "label": "Convertible Preferred Stock Purchase Agreement (iBio, Inc.)", "score": 31.3613967896, "published": true}, {"hash": "5MJ2qt7wwsw", "uri": "/contracts/5MJ2qt7wwsw#2authority", "label": "Convertible Preferred Stock Purchase Agreement (iBio, Inc.)", "score": 31.3586578369, "published": true}], "hash": "f75e821f1a5e52691a2563800d81e62a", "id": 6}, {"snippet": "The Company has the requisite corporate power and authority to enter into and perform its obligations under the Transaction Documents. The execution and delivery of the Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action and no further consent or authorization of the Company or its Board of Directors or stockholders is required. The Transaction Documents have been duly executed and delivered by the Company and constitutes a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors\u2019 rights and remedies or by other equitable principles of general application.", "size": 2, "snippet_links": [{"key": "the-company-has", "type": "definition", "offset": [0, 15]}, {"key": "authority-to-enter", "type": "clause", "offset": [50, 68]}, {"key": "obligations-under-the", "type": "clause", "offset": [90, 111]}, {"key": "delivery-of-the-transaction-documents", "type": "clause", "offset": [153, 190]}, {"key": "the-company-and-the", "type": "clause", "offset": [194, 213]}, {"key": "contemplated-hereby", "type": "clause", "offset": [253, 272]}, {"key": "authorized-by", "type": "definition", "offset": [300, 313]}, {"key": "necessary-corporate-action", "type": "clause", "offset": [318, 344]}, {"key": "no-further-consent", "type": "clause", "offset": [349, 367]}, {"key": "authorization-of-the-company", "type": "clause", "offset": [371, 399]}, {"key": "board-of-directors", "type": "definition", "offset": [407, 425]}, {"key": "executed-and-delivered", "type": "clause", "offset": [496, 518]}, {"key": "valid-and-binding-obligation-of-the-company", "type": "clause", "offset": [552, 595]}, {"key": "in-accordance-with", "type": "definition", "offset": [628, 646]}, {"key": "similar-laws", "type": "definition", "offset": [744, 756]}, {"key": "relating-to", "type": "definition", "offset": [757, 768]}, {"key": "generally-the", "type": "clause", "offset": [783, 796]}, {"key": "enforcement-of", "type": "clause", "offset": [797, 811]}, {"key": "rights-and-remedies", "type": "clause", "offset": [824, 843]}, {"key": "equitable-principles", "type": "clause", "offset": [856, 876]}, {"key": "of-general-application", "type": "clause", "offset": [877, 899]}], "samples": [{"hash": "aGlU2QeFbPp", "uri": "/contracts/aGlU2QeFbPp#2authority", "label": "Equity Purchase Agreement (Oroplata Resources, Inc.)", "score": 29.5420951843, "published": true}, {"hash": "51qatUxsHJb", "uri": "/contracts/51qatUxsHJb#2authority", "label": "Equity Purchase Agreement (APT Systems Inc)", "score": 29.5065021515, "published": true}], "hash": "49961305023e008d87ead7e1b9632322", "id": 7}, {"snippet": "Innocent Inc. has the requisite corporate authority to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby in accordance with the terms hereof. The execution and delivery of this Agreement by Innocent Inc. and the consummation of the transactions contemplated hereby will not violate or conflict with any provisions of the Articles of Incorporation, as amended, or Bylaws of Innocent Inc. or contravene any law, rule, regulation, court or administrative order binding on it, or result in the breach of or constitute a default in the performance of any material obligation, agreement, covenant or condition contained in any material contract, lease, judgment, decree, order, award, note, loan or credit agreement or any other material agreement or instrument to which Innocent Inc. is a party or by which it is bound, the default or breach of which would have a material adverse effect on the property and assets of Innocent Inc., considered as a whole. Innocent Inc. has taken all requisite corporate action to authorize and approve the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby. Upon due execution and delivery of this Agreement, this Agreement will constitute a valid, legal and binding obligation of Innocent Inc. and Innocent Inc. enforceable against them in accordance with its terms.", "size": 2, "snippet_links": [{"key": "authority-to-enter", "type": "clause", "offset": [42, 60]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [82, 114]}, {"key": "contemplated-hereby", "type": "clause", "offset": [150, 169]}, {"key": "in-accordance-with", "type": "definition", "offset": [170, 188]}, {"key": "the-terms", "type": "definition", "offset": [189, 198]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [211, 251]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [277, 309]}, {"key": "the-articles-of-incorporation", "type": "clause", "offset": [382, 411]}, {"key": "as-amended", "type": "definition", "offset": [413, 423]}, {"key": "contravene-any-law", "type": "clause", "offset": [455, 473]}, {"key": "court-or-administrative-order", "type": "clause", "offset": [493, 522]}, {"key": "breach-of", "type": "clause", "offset": [555, 564]}, {"key": "a-default", "type": "definition", "offset": [579, 588]}, {"key": "in-the-performance", "type": "clause", "offset": [589, 607]}, {"key": "material-obligation", "type": "definition", "offset": [615, 634]}, {"key": "contained-in", "type": "definition", "offset": [669, 681]}, {"key": "material-contract", "type": "definition", "offset": [686, 703]}, {"key": "agreement-or", "type": "definition", "offset": [765, 777]}, {"key": "material-agreement", "type": "clause", "offset": [788, 806]}, {"key": "a-party", "type": "clause", "offset": [847, 854]}, {"key": "default-or-breach", "type": "clause", "offset": [884, 901]}, {"key": "property-and-assets", "type": "clause", "offset": [955, 974]}, {"key": "requisite-corporate-action", "type": "clause", "offset": [1044, 1070]}, {"key": "performance-of-this-agreement", "type": "clause", "offset": [1124, 1153]}, {"key": "due-execution-and-delivery", "type": "clause", "offset": [1221, 1247]}, {"key": "legal-and-binding-obligation", "type": "clause", "offset": [1307, 1335]}], "samples": [{"hash": "9EAts2XsT3L", "uri": "/contracts/9EAts2XsT3L#2authority", "label": "Collateral Agreement (Innocent, Inc.)", "score": 22.8056125641, "published": true}, {"hash": "fj454lKpEVU", "uri": "/contracts/fj454lKpEVU#2authority", "label": "Collateral Agreement (Innocent, Inc.)", "score": 21.9897327423, "published": true}], "hash": "f16a21ad17f2a892abb461439828dcf4", "id": 8}, {"snippet": "Priveco has all requisite corporate power and authority to execute and deliver this Agreement and any other document contemplated by this Agreement (collectively, the \u201cPriveco Documents\u201d) to be signed by Priveco and to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of each of the Priveco Documents by Priveco and the consummation of the transactions contemplated hereby have been duly authorized by Priveco\u2019s board of directors. No other corporate or shareholder proceedings on the part of Priveco is necessary to authorize such documents or to consummate the transactions contemplated hereby. This Agreement has been, and the other Priveco Documents when executed and delivered by Priveco as contemplated by this Agreement will be, duly executed and delivered by Priveco and this Agreement is, and the other Priveco Documents when executed and delivered by Priveco as contemplated hereby will be, valid and binding obligations of Priveco enforceable in accordance with their respective terms except:\n(a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors\u2019 rights generally;\n(b) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies; and\n(c) as limited by public policy.", "size": 2, "snippet_links": [{"key": "authority-to-execute-and-deliver", "type": "clause", "offset": [46, 78]}, {"key": "other-document", "type": "clause", "offset": [102, 116]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [117, 147]}, {"key": "signed-by", "type": "clause", "offset": [194, 203]}, {"key": "contemplated-hereby", "type": "clause", "offset": [288, 307]}, {"key": "delivery-of", "type": "clause", "offset": [327, 338]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [388, 420]}, {"key": "authorized-by", "type": "definition", "offset": [456, 469]}, {"key": "board-of-directors", "type": "definition", "offset": [480, 498]}, {"key": "shareholder-proceedings", "type": "clause", "offset": [522, 545]}, {"key": "executed-and-delivered", "type": "clause", "offset": [727, 749]}, {"key": "duly-executed", "type": "clause", "offset": [804, 817]}, {"key": "obligations-of", "type": "clause", "offset": [987, 1001]}, {"key": "in-accordance-with", "type": "definition", "offset": [1022, 1040]}, {"key": "laws-of-general-application", "type": "definition", "offset": [1163, 1190]}, {"key": "enforcement-of", "type": "clause", "offset": [1201, 1215]}, {"key": "rights-generally", "type": "clause", "offset": [1227, 1243]}, {"key": "relating-to", "type": "definition", "offset": [1268, 1279]}, {"key": "availability-of-specific-performance", "type": "clause", "offset": [1284, 1320]}, {"key": "injunctive-relief", "type": "definition", "offset": [1322, 1339]}, {"key": "equitable-remedies", "type": "clause", "offset": [1350, 1368]}, {"key": "public-policy", "type": "definition", "offset": [1392, 1405]}], "samples": [{"hash": "cy3IW9AGTzG", "uri": "/contracts/cy3IW9AGTzG#2authority", "label": "Share Exchange Agreement", "score": 31.3408622742, "published": true}], "hash": "d88ea4676f6df2ce1980a8a098c769e1", "id": 9}, {"snippet": "Seller has all requisite power and authority to execute and deliver this Agreement and the other instruments to be delivered by Seller at the Closing, to perform its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Seller of this Agreement and the other instruments to be delivered by Seller at the Closing, and the performance by Seller of its obligations hereunder and thereunder, have been duly and validly authorized by necessary action. \u200b", "size": 2, "snippet_links": [{"key": "authority-to-execute-and-deliver", "type": "clause", "offset": [35, 67]}, {"key": "this-agreement", "type": "clause", "offset": [68, 82]}, {"key": "other-instruments", "type": "clause", "offset": [91, 108]}, {"key": "at-the-closing", "type": "clause", "offset": [135, 149]}, {"key": "contemplated-hereby", "type": "clause", "offset": [239, 258]}, {"key": "delivery-by-seller", "type": "clause", "offset": [290, 308]}, {"key": "performance-by-seller", "type": "clause", "offset": [403, 424]}, {"key": "authorized-by", "type": "definition", "offset": [497, 510]}, {"key": "necessary-action", "type": "clause", "offset": [511, 527]}], "samples": [{"hash": "5Qkq6NOmN3L", "uri": "/contracts/5Qkq6NOmN3L#2authority", "label": "Asset Purchase Agreement (General Cannabis Corp)", "score": 32.5509910583, "published": true}], "hash": "a0c330888a4a350a2ecc6800acb58662", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhMyYXV0aG9yaXR5IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "2Authority", "parents": [["representations-warranties-and-covenants", "REPRESENTATIONS, WARRANTIES AND COVENANTS"], ["standing", "Standing"], ["purchase-and-sale", "Purchase and Sale"], ["closing", "Closing"], ["1organization-and-status", "1Organization and Status"]], "size": 62, "children": [["3no-conflict", "3No Conflict"], ["4consent-and-approval", "4Consent and Approval"], ["", ""], ["1capital-stock", "1Capital Stock"], ["5claims", "5Claims"]], "id": "2authority", "related": [["legal-authority", "Legal Authority", "Legal Authority"], ["general-authority", "General Authority", "General Authority"], ["legislative-authority", "LEGISLATIVE AUTHORITY", "LEGISLATIVE AUTHORITY"], ["governmental-authority", "Governmental Authority", "Governmental Authority"], ["citys-managers-authority", "City\u2019s Manager\u2019s Authority", "City\u2019s Manager\u2019s Authority"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The 'Authority' clause establishes that the individuals signing the agreement have the legal power and authorization to bind the parties they represent. In practice, this means each signatory confirms they have obtained all necessary approvals and are acting within their organizational or personal capacity to enter into the contract. This clause helps prevent disputes over the validity of the agreement by ensuring that all parties are properly represented and that the contract is enforceable."}, "json": true, "cursor": ""}}