Indemnification of Directors. The Acquiring Portfolio agrees that all rights to indemnification and all limitations of liability existing in favor of the Trusts current and former Trustees and officers, acting in their capacities as such, under the Trusts Declaration and Bylaws as in effect as of the date of this Plan shall survive the Acquisition as obligations of the Company or the Acquiring Portfolio, as applicable, and shall continue in full force and effect, without any amendment thereto, and shall constitute rights which may be asserted against the Acquiring Portfolio, its successors or assigns.
Appears in 2 contracts
Samples: Agreement and Plan of Acquisition and Liquidation (AB Pooling Portfolios), Agreement and Plan of Acquisition and Liquidation (Ab Bond Fund, Inc.)
Indemnification of Directors. The Acquiring Portfolio agrees that all rights to indemnification and all limitations of liability existing in favor of the Trusts Acquired Portfolio?s current and former Trustees Directors and officers, acting in their capacities as such, under the Trusts Declaration Acquired Portfolio?s Charter and Bylaws as in effect as of the date of this Acquisition Plan shall survive the Acquisition as obligations of the Company or the Acquiring Portfolio, as applicable, Portfolio and shall continue in full force and effect, without any amendment thereto, and shall constitute rights which may be asserted against the Acquiring Portfolio, its successors or assigns.
Appears in 1 contract
Samples: Agreement and Plan of Acquisition and Liquidation (Alliancebernstein Municipal Income Fund Ii)
Indemnification of Directors. The Acquiring Portfolio agrees that all rights to indemnification and all limitations of liability existing in favor of the Trusts Acquired Portfolio’s current and former Trustees Directors and officers, acting in their capacities as such, under the Trusts Declaration SCB Fund’s Charter and Bylaws as in effect as of the date of this Plan shall survive the Acquisition Reorganization as obligations of the Company Xxxxxxxxx Fund or the Acquiring Portfolio, as applicable, and shall continue in full force and effect, without any amendment thereto, and shall constitute rights which may be asserted against the Acquiring Portfolio, its successors or assigns.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Bernstein Sanford C Fund Inc)
Indemnification of Directors. The Acquiring Portfolio agrees that all rights to indemnification and all limitations of liability existing in favor of the Trusts Acquired Portfolios current and former Trustees Directors and officers, acting in their capacities as such, under the Trusts Declaration Acquired Portfolios Charter and Bylaws as in effect as of the date of this Acquisition Plan shall survive the Acquisition as obligations of the Company or the Acquiring Portfolio, as applicable, Portfolio and shall continue in full force and effect, without any amendment thereto, and shall constitute rights which may be asserted against the Acquiring Portfolio, its successors or assigns.
Appears in 1 contract
Samples: Agreement and Plan of Acquisition and Liquidation (Alliancebernstein Municipal Income Fund Inc)
