Common use of COVENANTS OF THE FUNDS Clause in Contracts

COVENANTS OF THE FUNDS. 5.1. The Target Fund will operate the Target 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 7 contracts

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

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