Common use of LIQUIDATING DISTRIBUTION AND TERMINATION Clause in Contracts

LIQUIDATING DISTRIBUTION AND TERMINATION. 4.1 Immediately after the Effective Time, Intermediate-Term Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Intermediate-Term Bond. In accordance with instructions it receives from ACMR, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Intermediate-Term Bond. All of the issued and outstanding shares of Intermediate-Term Bond shall be redeemed and canceled on the books of ACMF at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Intermediate-Term Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACMF shall take all steps as shall be necessary and proper to effect the dissolution of Intermediate-Term Bond under federal and state law. After the Effective Time, ACMF shall not conduct any business with respect to Intermediate-Term Bond except in connection with Intermediate-Term Bond's liquidation and dissolution. 4.2 Immediately after the Effective Time, Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Bond. In accordance with instructions it receives from ACMF, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Bond. All of the issued and outstanding shares of Bond shall be redeemed and canceled on the books of ACMF at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACMF shall take all steps as shall be necessary and proper to effect the dissolution of Bond under federal and state law. After the Effective Time, ACMF shall not conduct any business with respect to Bond except in connection with Bond's liquidation and dissolution. 4.3 Immediately after the Effective Time, Premium Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Premium Bond. In accordance with instructions it receives from ACPR, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Premium Bond. All of the issued and outstanding shares of Premium Bond shall be redeemed and canceled on the books of ACPR at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Premium Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACPR shall take all steps as shall be necessary and proper to effect the dissolution of Premium Bond under federal and state law. After the Effective Time, ACPR shall not conduct any business with respect to Premium Bond except in connection with Premium Bond's liquidation and dissolution.

LIQUIDATING DISTRIBUTION AND TERMINATION. 4.1 4.1. Immediately after the Effective Time, Intermediate-Term Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Intermediate-Term Bond. In accordance with instructions it receives from ACMRACMF, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Intermediate-Term Bond. All of the issued and outstanding shares of Intermediate-Term Bond shall be redeemed and canceled on the books of ACMF at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Intermediate-Term Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACMF shall take all steps as shall be necessary and proper to effect the dissolution of Intermediate-Term Bond under federal and state law. After the Effective Time, ACMF shall not conduct any business with respect to Intermediate-Term Bond except in connection with Intermediate-Term Bond's liquidation and dissolution. 4.2 4.2. Immediately after the Effective Time, Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Bond. In accordance with instructions it receives from ACMF, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Bond. All of the issued and outstanding shares of Bond shall be redeemed and canceled on the books of ACMF at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACMF shall take all steps as shall be necessary and proper to effect the dissolution of Bond under federal and state law. After the Effective Time, ACMF shall not conduct any business with respect to Bond except in connection with Bond's liquidation and dissolution. 4.3 4.3. Immediately after the Effective Time, Premium Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Premium Bond. In accordance with instructions it receives from ACPR, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Premium Bond. All of the issued and outstanding shares of Premium Bond shall be redeemed and canceled on the books of ACPR at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Premium Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACPR shall take all steps as shall be necessary and proper to effect the dissolution of Premium Bond under federal and state law. After the Effective Time, ACPR shall not conduct any business with respect to Premium Bond except in connection with Premium Bond's liquidation and dissolution. 5.

LIQUIDATING DISTRIBUTION AND TERMINATION. 4.1 4.1. Immediately after the Effective Time, Intermediate-Term Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Intermediate-Term Bond. In accordance with instructions it receives from ACMRACMF, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Intermediate-Term Bond. All of the issued and outstanding shares of Intermediate-Term Bond shall be redeemed and canceled on the books of ACMF at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Intermediate-Term Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACMF shall take all steps as shall be necessary and proper to effect the dissolution of Intermediate-Term Bond under federal and state law. After the Effective Time, ACMF shall not conduct any business with respect to Intermediate-Term Bond except in connection with Intermediate-Term Bond's liquidation and dissolution. 4.2 4.2. Immediately after the Effective Time, Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Bond. In accordance with instructions it receives from ACMF, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Bond. All of the issued and outstanding shares of Bond shall be redeemed and canceled on the books of ACMF at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACMF shall take all steps as shall be necessary and proper to effect the dissolution of Bond under federal and state law. After the Effective Time, ACMF shall not conduct any business with respect to Bond except in connection with Bond's liquidation and dissolution. 4.3 4.3. Immediately after the Effective Time, Premium Bond shall distribute in the complete liquidation pro rata to the record holders of its shares at the Effective Time the shares of Diversified Bond to be received by the record holders of Premium Bond. In accordance with instructions it receives from ACPR, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Premium Bond. All of the issued and outstanding shares of Premium Bond shall be redeemed and canceled on the books of ACPR at the Effective Time and shall thereafter represent only the right to receive the shares of Diversified Bond, and Premium Bond's transfer books shall be closed permanently. As soon as practicable after the Effective Time, ACPR shall take all steps as shall be necessary and proper to effect the dissolution of Premium Bond under federal and state law. After the Effective Time, ACPR shall not conduct any business with respect to Premium Bond except in connection with Premium Bond's liquidation and dissolution.