Common use of Authority Relative to the Agreement Clause in Contracts

Authority Relative to the Agreement. The Buying Corporation has the power to enter into and carry out the obligations described in this Agreement. The Agreement and the transactions contemplated by it have been duly authorized by the Board of Directors of the Buying Corporation and no other proceedings by the Buying Corporation or the Buying Fund are necessary.

Appears in 31 contracts

Samples: Agreement and Plan of Reorganization (Riversource Market Advantage Series, Inc.), Agreement and Plan of Reorganization (Seligman Municipal Fund Series Inc), Agreement and Plan of Reorganization (Riversource Tax-Exempt Series Inc)

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Authority Relative to the Agreement. The Buying Selling Corporation has the power to enter into and to carry out the its obligations described in under this Agreement. The Agreement and the transactions contemplated by it have been duly authorized by the Board of Directors of the Buying Selling Corporation and no other proceedings by the Buying Selling Corporation or the Buying Selling Fund are necessary.

Appears in 16 contracts

Samples: Agreement and Plan of Reorganization (Riversource Large Cap Series, Inc.), Agreement and Plan of Reorganization (Axp Variable Portfolio Managed Series Inc), Agreement and Plan of Reorganization (Axp Variable Portfolio Investment Series Inc)

Authority Relative to the Agreement. The Buying Selling Corporation has the power to enter into and to carry out the its obligations described in under this Agreement. The Agreement and the transactions contemplated by it have been duly authorized by the Board of Directors of the Buying Selling Corporation and no other proceedings by the Buying Selling Corporation or the Buying Selling Fund are necessary, other than the approval of shareholders contemplated in paragraph 1.

Appears in 8 contracts

Samples: Agreement and Plan of Reorganization (Riversource Market Advantage Series, Inc.), Agreement and Plan of Reorganization (Riversource Diversified Income Series Inc), Agreement and Plan of Reorganization (Riversource Government Income Series Inc)

Authority Relative to the Agreement. The Each Buying Corporation has the power to enter into and carry out the obligations described in this Agreement. The Agreement and the transactions contemplated by it have been duly authorized by the Board of Directors of the each Buying Corporation and no other proceedings by any of the Buying Corporation Corporations or the Buying Fund Funds are necessary.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Riversource Strategy Series, Inc.), Agreement and Plan of Reorganization (Seligman Value Fund Series Inc), Agreement and Plan of Reorganization (Seligman Growth Fund Inc)

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Authority Relative to the Agreement. The Each Buying Corporation has the power to enter into and carry out the obligations described in this Agreement. The Agreement and the transactions contemplated by it have been duly authorized by the Board of Directors of the each Buying Corporation and no other proceedings by any of the Buying Corporation or the Buying Fund Funds are necessary.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Riversource Equity Series Inc), Agreement and Plan of Reorganization (Riversource Investment Series, Inc.)

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