COVENANTS OF THE SURVIVING FUND AND THE REORGANIZING FUND. 5.1 OPERATION IN ORDINARY COURSE. The Surviving Fund and the Reorganizing Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include customary dividends and shareholder purchases and redemptions and purchases and sales of portfolio securities in the ordinary course of business.
Appears in 5 contracts
Samples: Agreement and Plan of Reorganization (California Investment Trust), Agreement and Plan of Reorganization (California Investment Trust), Agreement and Plan of Reorganization (California Investment Trust)
COVENANTS OF THE SURVIVING FUND AND THE REORGANIZING FUND. 5.1 OPERATION IN ORDINARY COURSE. The Except for any matters disclosed by the Surviving Fund to the Reorganizing Fund prior to the Closing Date, the Surviving Fund and the Reorganizing Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include customary dividends and shareholder purchases and redemptions and purchases and sales of portfolio securities in the ordinary course of businessredemptions.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Federated Total Return Government Bond Fund), Agreement and Plan of Reorganization (Federated Total Return Series Inc), Agreement and Plan of Reorganization (Federated Municipal Securities Income Trust)
COVENANTS OF THE SURVIVING FUND AND THE REORGANIZING FUND. 5.1 OPERATION IN ORDINARY COURSE. The Surviving Fund and the Reorganizing Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include customary dividends and shareholder purchases and redemptions and purchases and sales of portfolio securities in the ordinary course of businessredemptions.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Federated Equity Funds), Agreement and Plan of Reorganization (Federated Total Return Series Inc), Agreement and Plan of Reorganization (Federated MDT Stock Trust)
COVENANTS OF THE SURVIVING FUND AND THE REORGANIZING FUND. 5.1 OPERATION IN ORDINARY COURSE. The Surviving Fund and the Reorganizing Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include portfolio turnover, changes to the portfolio necessary to transition the portfolio to the Surviving Fund, customary dividends, other dividends and distributions to shareholders contemplated herein, and shareholder purchases and redemptions and purchases and sales of portfolio securities in the ordinary course of businessredemptions.
Appears in 1 contract
Samples: Transaction Agreement (Federated Investors Inc /Pa/)
COVENANTS OF THE SURVIVING FUND AND THE REORGANIZING FUND. 5.1 OPERATION IN ORDINARY COURSE. The Surviving Fund and the Reorganizing Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include portfolio turnover, changes to the portfolio necessary to transition the portfolio to the Surviving Fund, customary dividends, other dividends and distributions to shareholders contemplated herein and shareholder purchases and redemptions and purchases and sales of portfolio securities in the ordinary course of businessredemptions.
Appears in 1 contract
Samples: Transaction Agreement (Federated Investors Inc /Pa/)
