Common use of Approval of Merger Clause in Contracts

Approval of Merger. The Merger shall have been approved by the affirmative vote of a majority of the outstanding shares of Acquired Fund Common Stock and Acquiring Fund Common Stock; the Acquiring Fund shall have delivered to the Acquired Fund a copy of the resolutions approving this Agreement pursuant to this Agreement adopted by the Acquiring Fund Board, certified by its secretary; and the Acquired Fund shall have delivered to the Acquiring Fund a copy of the resolutions approving this Agreement adopted by the Acquired Fund Board and the Acquiring Fund's stockholders, certified by its secretary.

Appears in 4 contracts

Samples: Merger Agreement (Western Asset Emerging Markets Debt Fund Inc.), Merger Agreement (Western Asset Emerging Markets Debt Fund Inc.), Merger Agreement (Western Asset Worldwide Income Fund Inc.)

AutoNDA by SimpleDocs

Approval of Merger. The Merger shall have been approved by the affirmative vote of a majority of the outstanding shares of Acquired Fund Common Stock and Acquiring Fund Common Stock; the Acquiring Fund shall have delivered to the Acquired Fund a copy of the resolutions approving this Agreement pursuant to this Agreement adopted by the Acquiring Fund Board, certified by its secretary; and the Acquired Fund shall have delivered to the Acquiring Fund a copy of the resolutions approving this Agreement adopted by the Acquired Fund Board and the Acquiring Fund's ’s stockholders, certified by its secretary.

Appears in 1 contract

Samples: Merger Agreement (Western Asset Emerging Markets Debt Fund Inc.)

Approval of Merger. The Merger shall have been approved by the affirmative vote of a majority of the outstanding shares of Acquired Fund Common Stock and Acquiring Fund Common Stock; the Trust, on behalf of the Acquiring Fund Fund, shall have delivered to the Acquired Fund a copy of the resolutions approving this Agreement pursuant to this Agreement adopted by the Acquiring Fund Trust Board, certified by its secretary; and the Acquired Fund shall have delivered to the Trust, on behalf of the Acquiring Fund Fund, a copy of the resolutions approving this Agreement adopted by the Acquired Fund Board and the Acquiring Acquired Fund's stockholdersshareholders, certified by its secretary.

Appears in 1 contract

Samples: Merger Agreement (LMP Real Estate Income Fund Inc.)

AutoNDA by SimpleDocs

Approval of Merger. The Merger shall have been approved by the affirmative vote of a majority of the outstanding shares of Acquired Fund Common Stock and Acquiring Fund Common Stock; the Trust, on behalf of the Acquiring Fund Fund, shall have delivered to the Acquired Fund a copy of the resolutions approving this Agreement pursuant to this Agreement adopted by the Acquiring Fund Trust Board, certified by its secretary; and the Acquired Fund shall have delivered to the Trust, on behalf of the Acquiring Fund Fund, a copy of the resolutions approving this Agreement adopted by the Acquired Fund Board and the Acquiring Acquired Fund's stockholders’s shareholders, certified by its secretary.

Appears in 1 contract

Samples: Merger Agreement (Legg Mason Funds Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!