Common use of Preservation of Assets Clause in Contracts

Preservation of Assets. The Acquiring Fund agrees that it has no plan or intention to sell or otherwise dispose of the assets of the Acquired Fund to be acquired in the Merger, except for dispositions made in the ordinary course of business.

Appears in 7 contracts

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

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Preservation of Assets. The Trust, on behalf of the Acquiring Fund Fund, agrees that it has no plan or intention to sell or otherwise dispose of the assets of the Acquired Fund to be acquired in the Merger, except for dispositions made in the ordinary course of business.

Appears in 2 contracts

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

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