Qualification, Corporate Power, Authorization of Transaction. The Emerging Markets Infrastructure Fund has full power and authority to enter into and perform its obligations under this Agreement. The execution, delivery and performance of this Agreement has been duly authorized by all necessary action of its Board of Directors, and, subject to shareholder approval, this Agreement constitutes a valid and binding contract enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, moratorium, fraudulent conveyance and similar laws relating to or affecting creditors' rights generally and court decisions with respect thereto.
Appears in 2 contracts
Samples: Merger Agreement and Plan of Reorganization (Emerging Markets Infrastructure Fund Inc), Merger Agreement and Plan of Reorganization (Emerging Markets Telecommunications Fund Inc)
Qualification, Corporate Power, Authorization of Transaction. The Emerging Markets Infrastructure Fund has full power and authority to enter into and perform its obligations under this Agreement. The execution, delivery and performance of this Agreement has been duly authorized by all necessary action of its Board of Directors, and, subject to shareholder approval, this Agreement constitutes a valid and binding contract enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, moratorium, fraudulent conveyance and similar laws relating to or affecting creditors' rights generally and court decisions with respect thereto. 4.8.
Appears in 2 contracts
Samples: Merger Agreement and Plan of Reorganization (Emerging Markets Infrastructure Fund Inc), Merger Agreement and Plan of Reorganization (Emerging Markets Telecommunications Fund Inc)
