Delegations of power. The Chief Executive Officer of the Portfolio Management Company shall have full powers with the power to substitute itself for the purpose of carrying out the transaction successfully, and in particular: - To approve the valuation of the assets and final exchange ratio. - To transfer to the Absorbing SICAV all securities included in the assets of the Absorbed Fund, sign to this effect all necessary deeds and documents, establish all confirmatory, additional or amending deeds that may be necessary, perform all necessary acts and formalities to facilitate the transfer of the assets of the Absorbed Fund to the Absorbing SICAV. - To comply with all formalities, make all declarations, in particular to the finance departments, and provide all notices to whomever. - In the event of difficulties, to engage or monitor all bodies.
Delegations of power. The Chairperson and Chief Executive Officer of the SICAV of the Absorbed Sub-fund and the Deputy Chief Executive Officer of the Absorbing Mutual Fund's Management Company will have all powers to substitute for the effect of completing the transaction, and in particular: - To approve the valuation of the assets and final exchange ratio. - Transfer to the Absorbing Mutual Fund all the securities contained in the assets of the Absorbed Sub-fund, to this end sign all acts and documents that are useful, establish all confirmatory, complementary or amending acts that may be necessary, carry out all acts and formalities that are useful to facilitate the transmission of the assets of the Absorbed Sub-fund of the SICAV to the Absorbing Mutual Fund. - To comply with all formalities, make all declarations, in particular to administrations dealing with financial matters, and provide all notices to whomever. - In the event of difficulties, to engage or monitor all bodies.
