Indemnification of Directors. Acquiring Fund agrees that all rights to indemnification and all limitations of liability existing in favor of the Acquired Fund?s current and former Directors and officers, acting in their capacities as such, under the Acquired Fund?s Charter and Bylaws as in effect as of the date of this Acquisition Plan shall survive the Acquisition as obligations of Acquiring Fund and shall continue in full force and effect, without any amendment thereto, and shall constitute rights which may be asserted against Acquiring Fund, its successors or assigns.
Appears in 3 contracts
Samples: Agreement and Plan of Acquisition and Liquidation (Alliancebernstein High Income Fund Inc), Agreement and Plan of Acquisition and Liquidation (Alliancebernstein High Income Fund Inc), Agreement and Plan of Acquisition and Liquidation (Alliancebernstein High Yield Fund Inc)
Indemnification of Directors. Acquiring Fund agrees that all rights to indemnification and all limitations of liability existing in favor of the Acquired Fund?s Fund’s current and former Directors and officers, acting in their capacities as such, under the Acquired Fund?s Fund’s Charter and Bylaws as in effect as of the date of this Acquisition Plan shall survive the Acquisition as obligations of Acquiring Fund and shall continue in full force and effect, without any amendment thereto, and shall constitute rights which may be asserted against Acquiring Fund, its successors or assigns.
Appears in 1 contract
Samples: Acquisition Agreement (Alliancebernstein International Growth Fund Inc)
Indemnification of Directors. The Acquiring Fund agrees that all rights to indemnification and all limitations of liability existing in favor of the Acquired Fund?s Fund's current and former Directors and officers, acting in their capacities as such, under the Acquired Fund?s Fund Charter and the Acquired Fund Bylaws as in effect as of the date of this Acquisition Plan shall survive the Acquisition as obligations of the Acquiring Fund and shall continue in full force and effect, without any amendment thereto, and shall constitute rights which may be asserted against the Acquiring Fund, its successors or assigns.
Appears in 1 contract
Samples: Agreement and Plan of Acquisition and Liquidation (Alliancebernstein Global High Income Fund Inc)
Indemnification of Directors. Acquiring Fund agrees that all rights to indemnification and all limitations of liability existing in favor of the Acquired Fund?s Funds current and former Directors and officers, acting in their capacities as such, under the Acquired Fund?s Funds Charter and Bylaws as in effect as of the date of this Acquisition Plan shall survive the Acquisition as obligations of Acquiring Fund and shall continue in full force and effect, without any amendment thereto, and shall constitute rights which may be asserted against Acquiring Fund, its successors or assigns.
Appears in 1 contract
