Common use of Operations in the Normal Course Clause in Contracts

Operations in the Normal Course. Each party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.

Appears in 3 contracts

Samples: Merger Agreement (Western Asset Emerging Markets Debt Fund Inc.), Merger Agreement (Western Asset Emerging Markets Debt Fund Inc.), Merger Agreement (Western Asset Worldwide Income Fund Inc.)

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Operations in the Normal Course. Each party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 44.1.

Appears in 3 contracts

Samples: Merger Agreement (Western Asset Emerging Markets Debt Fund Inc.), Merger Agreement (Western Asset High Income Opportunity Fund Inc.), Merger Agreement (Western Asset Zenix Income Fund Inc.)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Emerging Markets Telecommunications Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4Section 6.2. 6.

Appears in 2 contracts

Samples: Merger Agreement (Emerging Markets Infrastructure Fund Inc), Merger Agreement (Emerging Markets Telecommunications Fund Inc)

Operations in the Normal Course. Each party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.

Appears in 2 contracts

Samples: Merger Agreement (Legg Mason Funds Trust), Merger Agreement (LMP Real Estate Income Fund Inc.)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Emerging Markets Infrastructure Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4Section 6.2.

Appears in 1 contract

Samples: Merger Agreement (Emerging Markets Telecommunications Fund Inc)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Latin America Investment Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4Section 6.2.

Appears in 1 contract

Samples: Merger Agreement (Latin America Investment Fund Inc)

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Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Jakarta Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4Section 6.2. 6.

Appears in 1 contract

Samples: Merger Agreement (Indonesia Fund Inc)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Latin America Equity Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4Section 6.2. 6.

Appears in 1 contract

Samples: Merger Agreement (Latin America Investment Fund Inc)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Emerging Markets Telecommunications Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4Section 6.2.

Appears in 1 contract

Samples: Merger Agreement (Emerging Markets Infrastructure Fund Inc)

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