Common use of COVENANTS OF THE FUNDS Clause in Contracts

COVENANTS OF THE FUNDS. 5.1 The Acquired Fund will operate the Acquired Fund's business in the ordinary course of business between the date hereof and the Closing Date. It is understood that such ordinary course of business will include the declaration and payment of customary dividends and other distributions and any other dividends and other distributions necessary or advisable (except to the extent dividends or other distributions that are not customary may be limited by representations made in connection with the issuance of the tax opinion described in Paragraph 8.5 hereof), in each case payable either in cash or in additional shares.

Appears in 29 contracts

Samples: Agreement and Plan of Reorganization (Pioneer Tax Free Income Fund), Agreement and Plan of Reorganization (Pioneer Series Trust IV), Agreement and Plan of Reorganization (Pioneer High Yield Fund)

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COVENANTS OF THE FUNDS. 5.1 5.1. The Acquired Fund will operate the Acquired Fund's ’s business in the ordinary course of business between the date hereof and the Closing Date. It is understood that such ordinary course of business will include the declaration and payment of customary dividends and other distributions and any other dividends and other distributions necessary or advisable (except to the extent dividends or other distributions that are not customary may be limited by representations made in connection with the issuance of the tax opinion described in Paragraph 8.5 hereof), in each case payable either in cash or in additional shares.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Lord Abbett Municipal Income Fund Inc), Agreement and Plan of Reorganization (Lord Abbett Securities Trust)

COVENANTS OF THE FUNDS. 5.1 4.1. The Acquired Fund will operate the Acquired Fund's ’s business in the ordinary course of business between the date hereof and the Closing Date. It is understood that such ordinary course of business will include the declaration and payment of customary dividends and other distributions and any other dividends and other distributions necessary or advisable (except to the extent dividends or other distributions that are not customary may be limited by representations made in connection with the issuance of the tax opinion described in Paragraph 8.5 7.5 hereof), in each case payable either in cash or in additional shares.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Lord Abbett Municipal Income Fund Inc)

COVENANTS OF THE FUNDS. 5.1 The 5.1. Each Acquired Fund will operate the Acquired Fund's ’s business in the ordinary course of business between the date hereof and the Closing Date. It is understood that such ordinary course of business will include trading in portfolio securities, and the declaration and payment of customary dividends and other distributions and any other dividends and other distributions necessary or advisable (except to the extent dividends or other distributions that are not customary may be limited by representations made in connection with the issuance of the tax opinion described in Paragraph 8.5 hereof), in each case payable either in cash or in additional shares.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (American Independence Funds Trust)

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COVENANTS OF THE FUNDS. 5.1 The Acquired Fund Funds will operate the Acquired Fund's business in the ordinary course of business between the date hereof and the Closing Date. It is understood that such ordinary course of business will include the declaration and payment of customary dividends and other distributions and any other dividends and other distributions necessary or advisable (except to the extent dividends or other distributions that are not customary may be limited by representations made in connection with the issuance of the tax opinion described in Paragraph 8.5 hereof), in each case payable either in cash or in additional shares.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Arrivato Funds Trust)

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