SHARES TO BE ISSUED. The number of Acquiring Fund Shares to be issued (including fractional shares, if any) in exchange for the Acquired Fund's assets shall be determined by (a) multiplying the shares outstanding of the Acquired Fund by (b) the ratio computed by (x) dividing the net asset value per share of the Acquired Fund by (y) the net asset value per share of the Acquiring Fund Shares determined in accordance with paragraph 2.2.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Federated Municipal Securities Fund Inc), Agreement and Plan of Reorganization (Federated Municipal Securities Income Trust)
SHARES TO BE ISSUED. The number of Acquiring Fund Shares to be issued (including fractional shares, if any) in exchange for the Acquired Transferring Fund's assets assets, shall be determined by (a) multiplying the shares outstanding of the Acquired Transferring Fund by (b) the ratio computed by (x) dividing the net asset value per share of the Acquired Transferring Fund by (y) the net asset value per share of the Acquiring Fund Shares determined in accordance with paragraph 2.22.2 [(a) x (b), where (b)=(x)/(y)].
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Tip Funds), Agreement and Plan of Reorganization (Tip Funds)
SHARES TO BE ISSUED. The number of Acquiring Fund Shares to be issued (including fractional shares, if any) in exchange for the Acquired Fund's assets assets, shall be determined by (a) multiplying the shares outstanding of the Acquired Fund by (b) the ratio computed by (x) dividing the net asset value per share of the Acquired Fund by (y) the net asset value per share of the Acquiring Fund Shares determined in accordance with paragraph 2.2.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Federated Municipal Securities Fund Inc), Agreement and Plan of Reorganization (Federated Municipal Securities Income Trust)
SHARES TO BE ISSUED. The number of Acquiring Fund Shares to be issued (including fractional shares, if any) in exchange for the Acquired Fund's assets assets, shall be determined by (a) multiplying the shares outstanding of the Acquired Fund by (b) the ratio computed by (x) dividing the net asset value per share of the Acquired Fund Shares by (y) the net asset value per share of the Acquiring Fund Shares determined in accordance with paragraph 2.2.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Federated Equity Funds)
SHARES TO BE ISSUED. The number of the Acquiring Fund Shares to be issued (including fractional shares, if any) in exchange for the Acquired Fund's assets assets, shall be determined by (a) multiplying the shares outstanding of the Acquired Fund by (b) the ratio computed by (x) dividing the net asset value per share of the Acquired Fund by (y) the net asset value per share of the Acquiring Fund Shares determined in accordance with paragraph 2.2.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (MTB Group of Funds)
SHARES TO BE ISSUED. The number of each Acquiring Fund Shares Fund's shares to be issued (including fractional shares, if any) in exchange for the Acquired its respective Selling Fund's assets assets, shall be determined by (a) multiplying the shares outstanding of the Acquired Selling Fund by (b) the ratio computed by (x) dividing the net asset value per share of the Acquired Selling Fund by (y) the net asset value per share of the corresponding Acquiring Fund Shares determined in accordance with paragraph 2.22.2 [(a) x (b), where (b)=(x)DIVIDED BY(y)].
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Sti Classic Funds)
SHARES TO BE ISSUED. The number of Acquiring Fund Shares to be issued (including fractional shares, if any) in exchange for the Acquired Fund's assets ’s assets, shall be determined by (a) multiplying the shares outstanding of the Acquired Fund by (b) the ratio computed by (x) dividing the net asset value per share of the Acquired Fund Shares by (y) the net asset value per share of the Acquiring Fund Shares determined in accordance with paragraph 2.2.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Money Market Obligations Trust /New/)
