Cancellation of Acquired Fund Common Stock. On the Effective Date, all shares of the Acquired Fund Common Stock shall cease to be outstanding, shall automatically be cancelled and shall cease to exist and the holders of certificates (the "Common Certificates") or book entry shares ("Common Book-Entry Shares") which, immediately prior to the Effective Date, represented such shares of the Acquired Fund Common Stock shall cease to have any rights with respect thereto, except the right to receive, upon surrender of such Common Certificates or Common Book-Entry Shares in accordance with paragraph 3.2, the Merger Consideration. 3.2
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Western Asset Emerging Markets Debt Fund Inc.), Agreement and Plan of Merger (Western Asset Emerging Markets Debt Fund Inc.), Agreement and Plan of Merger (Western Asset Worldwide Income Fund Inc.)
Cancellation of Acquired Fund Common Stock. On the Effective Date, all shares of the Acquired Fund Common Stock shall cease to be outstanding, shall automatically be cancelled and shall cease to exist and the holders of certificates (the "“Common Certificates"”) or book entry shares ("“Common Book-Entry Shares"”) which, immediately prior to the Effective Date, represented such shares of the Acquired Fund Common Stock shall cease to have any rights with respect thereto, except the right to receive, upon surrender of such Common Certificates or Common Book-Entry Shares in accordance with paragraph 3.2, the Merger Consideration. 3.2.
Appears in 2 contracts
Samples: Form of Agreement and Plan of Merger (Western Asset Emerging Markets Debt Fund Inc.), Form of Agreement and Plan of Merger (Legg Mason Funds Trust)
Cancellation of Acquired Fund Common Stock. On the Effective Date, all shares of the Acquired Fund Common Stock shall cease to be outstanding, shall automatically be cancelled and shall cease to exist and the holders of certificates (the "Common Certificates") or book entry shares ("Common Book-Entry Shares") which, immediately prior to the Effective Date, represented such shares of the Acquired Fund Common Stock shall cease to have any rights with respect thereto, except the right to receive, upon surrender of such Common Certificates or Common Book-Entry Shares in accordance with paragraph 3.2, the Merger Consideration. 3.2.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Western Asset High Income Opportunity Fund Inc.), Agreement and Plan of Merger (LMP Real Estate Income Fund Inc.)
Cancellation of Acquired Fund Common Stock. On the Effective Date, all shares of the Acquired Fund Common Stock shall cease to be outstanding, shall automatically be cancelled and shall cease to exist and the holders of certificates (the "Common Certificates") or book entry shares ("Common Book-Book- Entry Shares") which, immediately prior to the Effective Date, represented such shares of the Acquired Fund Common Stock shall cease to have any rights with respect thereto, except the right to receive, upon surrender of such Common Certificates or Common Book-Entry Shares in accordance with paragraph 3.23.3, the Common Merger Consideration. 3.2.
Appears in 1 contract
Samples: Zif Agreement and Plan of Merger (Western Asset Zenix Income Fund Inc.)
