Common use of Stockholder Action Clause in Contracts

Stockholder Action. As soon as practicable after the effective date of the N-14 Registration Statement, the Acquired Fund shall hold a Stockholders meeting to consider and approve the Acquisition and this Acquisition Plan and such other matters as the Board of Directors may determine. Such approval by the Stockholders of the Acquired Fund shall, to the extent necessary to permit the consummation of the transactions contemplated herein without violating any investment objective, policy or restriction of the Acquired Fund, be deemed to constitute approval by the Stockholders of a temporary amendment of any investment objective, policy or restriction that would otherwise be inconsistent with or violated upon the consummation of such transactions solely for the purpose of consummating such transactions.

Appears in 3 contracts

Samples: Agreement and Plan of Acquisition and Liquidation (Alliancebernstein High Yield Fund Inc), Agreement and Plan of Acquisition and Liquidation (Alliancebernstein High Income Fund Inc), Agreement and Plan of Acquisition and Liquidation (Alliancebernstein High Income Fund Inc)

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Stockholder Action. As soon as practicable after the effective date of the N-14 Registration Statement, the Acquired each Fund shall hold a Stockholders stockholders meeting to consider and approve the Acquisition and this Acquisition Plan Plan, as applicable to that Fund, and such other matters as the Board of Directors of the Fund may determine. Such approval by the Stockholders stockholders of the Acquired a Fund shall, to the extent necessary to permit the consummation of the transactions contemplated herein without violating any investment objective, policy or restriction of the Acquired a Fund, be deemed to constitute approval by the Stockholders stockholders of a temporary amendment of any investment objective, policy or restriction that would otherwise be inconsistent with or violated upon the consummation of such transactions solely for the purpose of consummating such transactions.

Appears in 2 contracts

Samples: Acquisition Agreement (Acm Government Income Fund Inc), Acquisition Agreement (Acm Government Securities Fund Inc)

Stockholder Action. As soon as practicable after the effective date of the N-14 Registration Statement, the Acquired Fund shall hold a Stockholders stockholders meeting to consider and approve the Acquisition and this Acquisition Plan and such other matters as the Board of Directors may determine. Such approval by the Stockholders stockholders of the Acquired Fund shall, to the extent necessary to permit the consummation of the transactions contemplated herein without violating any investment objective, policy or restriction of the Acquired Fund, be deemed to constitute approval by the Stockholders stockholders of a temporary amendment of any investment objective, policy or restriction that would otherwise be inconsistent with or violated upon the consummation of such transactions solely for the purpose of consummating such transactions.

Appears in 1 contract

Samples: Agreement and Plan of Acquisition and Liquidation (Alliancebernstein Global High Income Fund Inc)

Stockholder Action. As soon as practicable after the effective date of the N-14 Registration Statement, the Acquired Fund shall hold a Stockholders meeting to consider and approve the Acquisition and this Acquisition Plan and such other matters as the Board of Directors may determine. Such approval by the Stockholders of the Acquired Fund shall, to the extent necessary to permit the consummation of the transactions contemplated herein without violating any investment objective, policy or restriction of the Acquired Fund, be deemed to constitute approval by the Stockholders of a temporary amendment of any investment objective, policy or restriction that would otherwise be inconsistent with or violated upon the consummation of such transactions solely for the purpose of consummating such transactions.

Appears in 1 contract

Samples: Agreement and Plan of Acquisition and Liquidation (Alliancebernstein Large Cap Growth Fund Inc)

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Stockholder Action. As soon as practicable after the effective date of the N-14 Registration Statement, the Acquired Fund Portfolio shall hold a Stockholders meeting to consider and approve the Acquisition and this Acquisition Plan and such other matters as the Board of Directors Trustees may determine. Such approval by the Stockholders of the Acquired Fund Portfolio shall, to the extent necessary to permit the consummation of the transactions contemplated herein without violating any investment objective, policy or restriction of the Acquired FundPortfolio, be deemed to constitute approval by the Stockholders of a temporary amendment of any investment objective, policy or restriction that would otherwise be inconsistent with with, or violated upon upon, the consummation of such transactions solely for the purpose of consummating such transactions.

Appears in 1 contract

Samples: Agreement and Plan of Acquisition and Liquidation (Alliancebernstein Municipal Income Fund Ii)

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