Common use of Fund Action Clause in Contracts

Fund Action. Except as and to the extent required, based upon the written advice of outside counsel, in the exercise of the fiduciary obligations of the Company or one of its Subsidiaries to any Investment Company, request that any action be taken by any Fund Board, other than (i) routine actions that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on the Company or any Investment Company or (ii) actions Previously Disclosed.

Appears in 2 contracts

Samples: Merger Agreement (Dain Rauscher Corp), Merger Agreement (Royal Bank of Canada \)

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Fund Action. Except as and to the extent required, based upon the written advice of outside counsel, in the exercise of the fiduciary obligations of the Company or one of its Subsidiaries to any Investment Company, request that any action be taken by any Fund Board, other than (i1) routine actions that could would not, individually or in the aggregate, be reasonably be expected likely to have a Material Adverse Effect on the Company or any Investment Company or Company, (ii2) actions Previously DisclosedDisclosed or (3) actions necessary to allow consummation of the Merger or the Subsidiary Combination.

Appears in 2 contracts

Samples: Merger Agreement (Us Bancorp \De\), Merger Agreement (Piper Jaffray Companies Inc)

Fund Action. Except as and to the extent required, based upon the written advice of outside counsel, in the exercise of the fiduciary obligations of the Company or one a Company Subsidiary in the case of its Subsidiaries to any Investment CompanyFund, request that any action be taken by any Fund Board, other than (i) routine actions that could not, individually or in the aggregate, would not be reasonably be expected likely to have a Material Adverse Effect on the Company (as hereinafter defined) or any Investment Company or (ii) actions Previously DisclosedDisclosed on Schedule 3.13.

Appears in 1 contract

Samples: Merger Agreement (Keystone Investments Inc)

Fund Action. Except as and to the extent required, based upon the ----------- written advice of outside counsel, in the exercise of the fiduciary obligations of the Company or one of its Subsidiaries to any Investment Company, request that any action be taken by any Fund Board, other than (i) routine actions that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on the Company or any Investment Company or (ii) actions Previously Disclosed.

Appears in 1 contract

Samples: Merger Agreement (Tucker Anthony Sutro)

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Fund Action. Except as and to the extent required, based upon the written advice of outside counsel, in the exercise of the fiduciary obligations of the Company or one of its Subsidiaries to any Investment Company, request that any action be taken by any Fund Board, other than (i1) routine actions that could would not, individually or in the aggregate, be reasonably be expected likely to have a Material Adverse Effect adverse effect on the Company or any Investment Company or Company, (ii2) actions Previously Disclosed, or (3) actions necessary to allow consummation of the Merger or the Subsidiary Combination.

Appears in 1 contract

Samples: Merger Agreement (McDonald & Co Investments Inc)

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