EFFECT OF SUSPENSION IN TRADING. In the event that on the scheduled Closing Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Surviving Fund or the Reorganizing Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Surviving Fund or the Reorganizing Fund is impracticable as mutually determined by the parties in their reasonable judgment, the Closing Date shall be postponed until the first Friday that is a business day after the day when trading is fully resumed and reporting is restored.
Appears in 5 contracts
Samples: Agreement and Plan of Reorganization (Federated Institutional Trust), Agreement and Plan of Reorganization (Federated Municipal Securities Income Trust), Agreement and Plan of Reorganization (Federated Total Return Series Inc)
EFFECT OF SUSPENSION IN TRADING. In the event that on the scheduled Closing Date, either: (a) the NYSE New York Stock Exchange (“NYSE”) or another primary exchange on which the portfolio securities of the Surviving Fund or the Reorganizing Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Surviving Fund or the Reorganizing Fund is impracticable as mutually determined by the parties in their reasonable judgmentimpracticable, the Closing Date shall be postponed until the first Friday that is a business day after the day when trading is fully resumed and reporting is restoredrestored that is mutually acceptable to the parties.
Appears in 4 contracts
Samples: Transaction Agreement (Federated Investors Inc /Pa/), Agreement and Plan of Reorganization (Federated Total Return Series Inc), Agreement and Plan of Reorganization (Federated MDT Stock Trust)
EFFECT OF SUSPENSION IN TRADING. In the event that on the scheduled Closing Valuation Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Surviving Acquiring Fund or the Reorganizing Acquired Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Surviving Acquiring Fund or the Reorganizing Acquired Fund is impracticable as mutually determined by the parties in their reasonable judgmentparties, the Valuation Date and the Closing Date shall be postponed until the first Friday that is a business day after the day when trading is fully resumed and reporting is restored.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (LoCorr Investment Trust), Agreement and Plan of Reorganization (LoCorr Investment Trust)
EFFECT OF SUSPENSION IN TRADING. In the event that on the scheduled Closing Valuation Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Surviving Acquiring Fund or the Reorganizing Acquired Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Surviving Acquiring Fund or the Reorganizing Acquired Fund is impracticable as mutually determined by the parties in their reasonable judgmentparties, the Closing Valuation Date shall be postponed until the first Friday that is a business day after the day when trading is fully resumed and reporting is restored.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Investment Managers Series Trust II), Agreement and Plan of Reorganization (Investment Managers Series Trust)
EFFECT OF SUSPENSION IN TRADING. In the event that on the scheduled Closing Date, either: (a) the NYSE New York Stock Exchange ("NYSE") or another primary exchange on which the portfolio securities of the Surviving Fund Funds or the Reorganizing Fund Funds are purchased or sold, sold shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Surviving Fund Funds or the Reorganizing Fund Funds is impracticable as mutually determined by the parties in their reasonable judgmentimpracticable, the Closing Date shall be postponed until the first Friday that is a business day after the day when trading is fully resumed and reporting is restored.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Sentinel Group Funds Inc)
EFFECT OF SUSPENSION IN TRADING. In the event that on the scheduled Closing Date, either: (a) the NYSE New York Stock Exchange (“NYSE”) or another primary exchange on which the portfolio securities of the Surviving Fund or the Reorganizing Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Surviving Fund or the Reorganizing Fund is impracticable as mutually determined by the parties in their reasonable judgmentimpracticable, the Closing Date shall be postponed until the first Friday that is a business day after the day when trading is fully resumed and reporting is restored.restored that is mutually acceptable to the parties. 4 303223874 v9 114399-0014/144298195.2
Appears in 1 contract
Samples: Transaction Agreement (Federated Investors Inc /Pa/)
