Corresponding Shares definition

Corresponding Shares in relation to any New Shares, means the Shares in respect of which the New Shares are issued or which the New Shares otherwise represent;

Corresponding Shares shall be defined as follows: in respect of Class A shares of the Acquired Orbitex Fund, Class A shares of the Acquiring Saratoga Fund; in respect of Class B shares of the Acquired Orbitex Fund, Class B shares of the Acquiring Saratoga Fund; in respect of Class C shares of the Acquired Orbitex Fund, Class C shares of the Acquiring Saratoga Fund; in respect of Class D shares of the Orbitex Focus 30 Fund, Class I shares of the Saratoga Large Capitalization Value Portfolio; in respect of Institutional Shares of the Orbitex Cash Reserves Fund, Class I shares of the Saratoga U.S. Government Money Market Fund; and in respect of Investor Shares of the Orbitex Cash Reserves Fund, Class I shares of the Saratoga U.S.

Corresponding Shares has the meaning ascribed thereto under the heading "Plans of Reorganization." For purposes of this Agreement, the term "Corresponding Shares" shall refer to the Corresponding Shares of the Acquiring Fund.

Examples of Corresponding Shares in a sentence

• I am of the opinion that, subsequent to the approval of the Reorganization in the manner set forth in the definitive proxy statement and prospectus constituting a part of the Registration Statement (the "Proxy Statement and Prospectus"), the Corresponding Shares, upon issuance in the manner referred to in the Registration Statement, for consideration not less than the par value thereof, will be legally issued, fully paid and non-assessable shares of the Acquiring Fund.

• Based upon the foregoing, I am of the opinion that, subsequent to the approval of the Reorganization in the manner set forth in the definitive proxy statement and prospectus constituting a part of the Registration Statement (the "Proxy Statement and Prospectus"), the Corresponding Shares, upon issuance in the manner referred to in the Registration Statement, for consideration not less than the par value thereof, will be legally issued, fully paid and non-assessable shares of the Acquiring Fund.

• The Corresponding Shares to be issued by the Acquiring Fund to the Acquired Fund and subsequently distributed by the Acquired Fund to its shareholders as provided in this Agreement have been duly and validly authorized and, when issued and delivered pursuant to this Agreement, will be legally and validly issued and will be fully paid and nonassessable and will have full voting rights, and no shareholder of the Acquiring Fund will have any preemptive right of subscription or purchase in respect thereof.

• The Acquired Fund will not sell or otherwise dispose of any of the Corresponding Shares to be received by it from the Acquiring Fund in connection with the Reorganization, except in distribution to the shareholders of the Acquired Fund in accordance with the terms hereof.

• Sundram Fasteners Investments Limited7,8000.20–7,8000.20––16Mr. Suresh Krishna4800.01–4800.01––17Ms. Arathi Krishna1200.00–1200.00––18Ms. Usha Krishna900.00–900.02–– Total shareholding25,78,78465.54–25,78,78465.54–– * Mr. Mahesh K, Shareholder (Promoter Group) passed away on 2nd February 2019 and Corresponding Shares are pending Transmission.

More Definitions of Corresponding Shares

Corresponding Shares shall refer to the Corresponding Shares of the Acquiring Fund.

Corresponding Shares has the meaning set forth in Section 2.3(b) hereof.

Corresponding Shares in relation to any New Shares means those shares in respect of which the New Shares are issued or which the New Shares otherwise represent.

Corresponding Shares the meaning given to that expression by Section 55(3) of the Act; "CUT-OFF DATE" 1st of November and 1st May in each year or such other date or dates as the Company shall from time to time, with the approval of the Revenue Commissioners decide;

Corresponding Shares appearing in the penultimate paragraph of the Plan of Reorganization section of the Agreement shall be amended with respect to the Reorganization involving the North Carolina Fund to refer to the shares of common stock of National Portfolio to be distributed to the shareholders of the North Carolina Fund as follows: (i) each holder of Class A, Class B or Class C shares of beneficial interest of the North Carolina Fund will be entitled to receive shares of the same class of common stock of the National Portfolio (e.g., Class A, Class B or Class C) as the shares of beneficial interest of the North Carolina Fund owned by such shareholder as of the Valuation Time; and (ii) each holder of Class D shares of beneficial interest of the North Carolina Fund as of the Valuation Time will be entitled to receive Class A shares of common stock of the National Portfolio (together, the "Corresponding Shares").

Corresponding Shares has the meaning ascribed thereto under the heading "Plans of Reorganization." For purposes of this Agreement, the term "Corresponding Shares" shall refer to the Corresponding Shares of the AC-MS Small Cap Growth Fund in respect of the Small Cap Growth Funds Reorganization, the AC-MS Mid Cap Growth Fund in respect of the Mid Cap Growth Funds Reorganization, the AC Select Fund in respect of the Select Funds Reorganization, the AC-MS Select Bond Fund in respect of the Select Bond Funds Reorganization, the AC-MS High-Yield Intermediate Bond Fund in respect of the High-Yield Funds Reorganization, the AC Equity Index Fund in respect of the Equity Index Funds Reorganization, the AC Equity Growth Fund in respect of the Equity Growth Funds Reorganization, the AC International Value Fund in respect of the International Value Funds Reorganization, the AC Strategic Allocation: Moderate Fund in respect of the Strategic Allocation Funds Reorganization, and the AC Long-Term Tax-Free Fund in respect of the Municipal Bond Funds Reorganization.

Corresponding Shares the meaning given to that expression by Section 55(3) of the Act; “Cut-off Date” 1st of December in each year or such other date or dates as the Principal Company shall from time to time, with the approval of the Revenue Commissioners decide;