Covenants of the Parties. 5.1. The Acquired Fund and the Acquiring Fund each will operate its business in the ordinary course between the date hereof and the Closing Date, it being understood that such ordinary course of business will include purchases and sales of portfolio securities, sales and redemptions of fund shares, and regular and customary periodic dividends and distributions.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Daily Income Fund), Agreement and Plan of Reorganization (Daily Income Fund), Agreement and Plan of Reorganization (Daily Income Fund)
Covenants of the Parties. 5.1. The Each of the Acquired Fund and the Acquiring Fund each will operate its business in the ordinary course between the date hereof and the Closing Date, it being understood that such ordinary course of business will include purchases and sales of portfolio securities, sales and redemptions of fund shares, and regular and customary periodic dividends and distributions.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (RS Variable Products Trust), Agreement and Plan of Reorganization (Rs Investment Trust), Agreement and Plan of Reorganization (Rs Investment Trust)
Covenants of the Parties. 5.1. The Each Acquired Fund and the each Acquiring Fund each will shall operate its business in the ordinary course between the date hereof and the Closing Date, it being understood that that, with respect to an Acquired Fund, such ordinary course of business will shall include purchases and sales of portfolio securities, sales and redemptions of fund sharesAcquired Fund Shares, and regular and customary periodic dividends and distributions, and with respect to the Acquiring Fund, such ordinary course of business shall be limited to such actions as are customary to the organization of a new series prior to its commencement of investment operations.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (FundVantage Trust), Form of Agreement and Plan of Reorganization (FundVantage Trust)
Covenants of the Parties. 5.1. 5.1 The Acquired Selling Fund and the Acquiring Fund each will operate its business in the ordinary course between the date hereof and the Closing Date, it being understood that such ordinary course of business will may include purchases customary dividends, distributions, subscriptions and sales of portfolio securities, sales and redemptions of fund shares, and regular and customary periodic dividends and distributionsredemptions.
Appears in 2 contracts
Samples: Form of Agreement and Plan of Reorganization (Massmutual Select Funds), Form of Agreement and Plan of Reorganization (Massmutual Premier Funds)
Covenants of the Parties. 5.1. The Acquired Fund and the Acquiring Fund each will operate its business in the ordinary course between the date hereof and the Closing Date, it being understood that that, with respect to the Acquired Fund, such ordinary course of business will include purchases and sales of portfolio securities, sales and redemptions of fund sharesAcquired Fund Shares, and regular and customary periodic dividends and distributions.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Bailard Opportunity Fund Group Inc), Agreement and Plan of Reorganization (Bailard Opportunity Fund Group Inc)
Covenants of the Parties. 5.1. The Acquired Fund and the Acquiring Fund Company each will operate its business in the ordinary course between the date hereof and the Closing Date, it being understood that such ordinary course of business will include purchases and sales of portfolio securities, sales and redemptions of fund shares, and regular and customary periodic dividends and distributions.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (California Daily Tax Free Income Fund Inc)
Covenants of the Parties. 5.1. 5.1 The Acquired Fund and the Acquiring Fund each will operate its business in the ordinary course consistent with past practice between the date hereof and the Closing Date, it being understood that that, such ordinary course of business will include portfolio turnover, changes to the portfolio necessary to transition the portfolio to the Acquiring Fund, customary dividends, other dividends and distributions to shareholders contemplated herein, and shareholder purchases and sales of portfolio securities, sales and redemptions of fund shares, and regular and customary periodic dividends and distributionsredemptions.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Stone Harbor Investment Funds)
Covenants of the Parties. 5.1. The Acquired Fund and the Acquiring Fund each will operate its business in the ordinary course between the date hereof and the Closing Date, it being understood that that, such ordinary course of business will include purchases and sales of portfolio securities, sales and redemptions of fund shares, and regular and customary periodic dividends and distributions.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Rs Investment Trust)