Liability of the Acquiring Fund. The parties understand and agree that the obligations of the Acquiring Fund under this Agreement shall not be binding upon any trustee, shareholder, nominee, officer, agent or employee of or adviser to the Acquiring Fund personally, but bind only the Acquiring Fund’s property. Moreover, all persons shall look only to the assets of the Acquiring Fund to satisfy the obligations of the Acquiring Fund hereunder. The parties represent that they each have notice of the provisions of the Declaration of Trust of the Acquiring Fund disclaiming such shareholder and trustee liability for acts or obligations of the Acquiring Fund.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Abrdn Global Infrastructure Income Fund), Agreement and Plan of Reorganization (Abrdn Income Credit Strategies Fund), Agreement and Plan of Reorganization (Abrdn Global Dynamic Dividend Fund)
Liability of the Acquiring Fund. The parties understand and agree that the obligations of the Acquiring Fund under this Agreement shall not be binding upon any trusteeTrustee, shareholder, nominee, officer, agent or employee of or adviser to the Acquiring Fund personally, but bind only the Acquiring Fund’s property. Moreover, all persons shall look only to the assets of the Acquiring Fund to satisfy the obligations of the Acquiring Fund hereunder. The parties represent that they each have notice of the provisions of the Amended and Restated Agreement and Declaration of Trust of the Acquiring Fund disclaiming such shareholder and trustee Trustee liability for acts or obligations of the Acquiring Fund.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Abrdn Income Credit Strategies Fund), Agreement and Plan of Reorganization (Abrdn Income Credit Strategies Fund)
Liability of the Acquiring Fund. The parties understand Acquired Fund understands and agree agrees that the obligations of the Acquiring Fund under this Agreement shall not be binding upon any trustee, shareholder, nominee, officer, agent or employee of or adviser to the Acquiring Fund personally, but bind only the Acquiring Fund and the Acquiring Fund’s property. Moreover, all persons shall look only to the assets of the Acquiring Fund to satisfy the obligations of the Acquiring Fund hereunderthereunder. The parties represent Acquired Fund represents that they each have it has notice of the provisions of the Declaration of Trust Charter of the Acquiring Fund disclaiming such shareholder and trustee liability for acts or obligations of the Acquiring Fund.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Helios Total Return Fund Inc)
Liability of the Acquiring Fund. The parties understand and agree that the obligations of the Acquiring Fund under this Agreement shall not be binding upon any trusteeTrustee, shareholder, nominee, officer, agent or employee of or adviser to the Acquiring Fund personally, but bind only the Acquiring Fund’s property. Moreover, all persons shall look only to the assets of the Acquiring Fund to satisfy the obligations of the Acquiring Fund hereunder. The parties represent that they each have notice of the provisions of the Amended and Restated Declaration of Trust of the Acquiring Fund disclaiming such shareholder and trustee Trustee liability for acts or obligations of the Acquiring Fund.
Appears in 1 contract
Samples: Reorganization Agreement (Abrdn Global Infrastructure Income Fund)
