Authorization Relative to this Agreement. The execution, delivery ---------------------------------------- and performance by VCI and Video Sub of this Agreement and all of the other VCI Documents and the consummation by VCI and Video Sub of the transactions contemplated hereby and thereby are within the corporate powers of VCI and Video Sub and have been duly authorized by all necessary corporate action on the part of VCI and Video Sub. This Agreement is, and as of the Closing the other VCI Documents shall be, the legal, valid and binding obligations of VCI and Video Sub, enforceable against VCI and Video Sub, as the case may be, in accordance with their respective terms.
Appears in 5 contracts
Samples: Agreement of Merger and Plan (Video City Inc), Agreement of Merger (Video City Inc), Agreement of Merger and Plan (Video City Inc)