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 Acquiring Fund or the 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 Acquiring Fund or the Acquired Fund is impracticable, the Closing Date shall be postponed until the first Friday on which the NYSE is open following the business day on which trading is fully resumed and reporting is restored, or such other business day as the parties hereto shall agree.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Federated Insurance Series), Agreement and Plan of Reorganization (Federated Investment Series Funds Inc), 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 or another primary exchange on which the portfolio securities of the Acquiring Fund or the 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 Acquiring Fund or the Acquired Fund is impracticable, the Closing Date shall be postponed until the first next Friday on (which the NYSE is open following the a business day on and which is not the last Friday of the month) when trading is fully resumed and reporting is restored, or such other business day as the parties hereto shall agree.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Federated Equity Funds)
