Common use of Transfer of Assets and Liabilities Clause in Contracts

Transfer of Assets and Liabilities. Subject to the terms and conditions set forth herein, on the Closing Date (as hereafter defined), the Large-Cap Core Fund shall transfer all of its assets to the Multi-Manager Fund. In exchange therefor, the Multi-Manager Fund shall assume all of the liabilities of the Large-Cap Core Fund and deliver to the Large-Cap Core Fund a number of “A Shares” and “Institutional Shares” of the Multi-Manager Fund which is equal to (i) the aggregate net asset value attributable to each such Class of shares of the Large-Cap Core Fund at the close of business on the day preceding the Closing Date, divided by (ii) the net asset value per share of such Class of shares of the Multi-Manager Fund outstanding at the close of business on the day preceding the Closing Date.

Transfer of Assets and Liabilities. Subject to the terms and conditions set forth herein, on the Closing Date (as hereafter defined), ) the LargeMid-Cap Core Fund shall transfer all of its assets to the MultiLarge-Manager Cap Fund. In exchange therefor, the MultiLarge-Manager Cap Fund shall assume all of the liabilities of the LargeMid-Cap Core Fund and deliver to the LargeMid-Cap Core Fund a number of “A Shares” and “Institutional Shares” of the MultiLarge-Manager Cap Fund which is equal to (i) the aggregate net asset value attributable to each such Class of shares of the LargeMid-Cap Core Fund at the close of business on the day preceding the Closing Date, divided by (ii) the net asset value per share of such Class of shares of the MultiLarge-Manager Cap Fund outstanding at the close of business on the day preceding the Closing Date.

Transfer of Assets and Liabilities. Subject to the terms and conditions set forth herein, on the Closing Date (as hereafter defined), the LargeMid-Cap Core Fund shall transfer all of its assets to the MultiLarge-Manager Cap Fund. In exchange therefor, the MultiLarge-Manager Cap Fund shall assume all of the liabilities of the LargeMid-Cap Core Fund and deliver to the LargeMid-Cap Core Fund a number of “A Shares” and “Institutional Shares” of the MultiLarge-Manager Cap Fund which is equal to (i) the aggregate net asset value attributable to each such Class of shares of the LargeMid-Cap Core Fund at the close of business on the day preceding the Closing Date, divided by (ii) the net asset value per share of such Class of shares of the MultiLarge-Manager Cap Fund outstanding at the close of business on the day preceding the Closing Date.