Merger, Dissolution, etc. of Fund. In the case of the following transactions not in the ordinary course of business, namely, the merger of the Fund into or the consolidation of the Fund with another investment company, the sale by the Fund of all, or substantially all of its assets to another investment company, or the liquidation or dissolution of the Fund and distribution of its assets, the Bank will deliver the portfolio securities held by it under this Agreement and disburse cash only upon the order of the Fund set forth in an Officers' Certificate, accompanied by a certified copy of a resolution of the Fund's Directors authorizing any of the foregoing
Appears in 12 contracts
Samples: Custodian Agreement (Value Line Centurion Fund Inc), Custodian Agreement (Value Line Small Cap Growth Fund Inc), Custodian Agreement (Value Line Fund Inc)
Merger, Dissolution, etc. of Fund. In the case of the following transactions not in the ordinary course of business, namely, the merger of the Fund into or the consolidation of the Fund with another investment company, the sale by the Fund of all, or substantially all of its assets to another investment company, or the liquidation or dissolution of the Fund and distribution of its assets, the Bank will deliver the portfolio securities held by it under this Agreement and disburse cash only upon the order of the Fund set forth in an Officers' Certificate, accompanied by a certified copy of a resolution of the Fund's Directors Trustees authorizing any of the foregoing
Appears in 3 contracts
Samples: Custodian Agreement (Value Line Aggressive Income Trust), Custodian Agreement (Value Line Strategic Asset Management Trust), Custodian Contract (Value Line New York Tax Exempt Trust)
