Common use of Sale of Assets; Merger and Consolidation Clause in Contracts

Sale of Assets; Merger and Consolidation. Subject to applicable federal and state law and except as otherwise provided in Section 9.5 below, the Trust or any Portfolio (or Class) may merge or consolidate with any other Company or may sell, lease, or exchange all or a portion of the Trust property or Trust property allocated or belonging to such Portfolio (or Class), including its good will, upon such terms and conditions and for such consideration when and as authorized by the Trustees, without the vote or consent of Shareholders. Such transactions may be effected through share-for-share exchanges, transfers or sale of assets, shareholder in-kind redemptions and purchases, exchange offers, or any other method approved by the Trustees.

Sale of Assets; Merger and Consolidation. Subject to applicable federal Federal and state law and except as otherwise provided in Section 9.5 below, the Trust or any Portfolio (or Class) may merge or consolidate with any other Company or may sell, lease, or exchange all or a portion of the Trust property or Trust property allocated or belonging to such Portfolio (or Class), including its good will, upon such terms and conditions and for such consideration when and as authorized by the Trustees, without the vote or consent of Shareholders. Such transactions may be effected through share-for-share exchanges, transfers or sale of assets, shareholder in-kind redemptions and purchases, exchange offers, or any other method approved by the Trustees.