ACIT definition

ACIT has the meaning ascribed thereto in the introduction hereof.
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Examples of ACIT in a sentence

  • The obligations of ACIT entered into in the name or on behalf thereof by any of its trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the trustees, shareholders or representatives of ACIT personally, but bind only the trust property, and all persons dealing with any portfolio of ACIT must look solely to the trust property belonging to such portfolio for the enforcement of any claims against ACIT.

  • Amendment No. 1 dated 8-1-01 to add Diversified Bond Fund and High-Yield Fund for ACIT and change fund names for ACGIT.

  • Price quotations and the security characteristics relating to establishing such quotations shall be determined by ACIT, provided that such determination shall be subject to the approval of ACMF.

  • Simultaneously, ACIT shall, on behalf of Diversified Bond, accept the Intermediate-Term Bond Assets and assume all liabilities, whether accrued, absolute, contingent or otherwise, of Intermediate-Term Bond reflected in the calculation of Intermediate-Term Bond's net asset value (the "Intermediate-Term Bond Liabilities").

  • Simultaneously, ACIT shall, on behalf of New High-Yield, accept the Old High-Yield Assets and assume all liabilities, whether accrued, absolute, contingent or otherwise, of Old High-Yield (the "Old High-Yield Liabilities").

  • In accordance with instructions it receives from ACMF, ACIT shall record on its books the ownership of shares of Diversified Bond by the record holders of shares of Bond.

  • ACMF shall deliver to ACIT at the Effective Time confirmations or other adequate evidence as to the adjusted tax basis of the Old High-Yield Assets then delivered to New High-Yield in accordance with the terms of this Agreement.

  • Simultaneously, ACIT shall, on behalf of Diversified Bond, accept the Bond Assets and assume all liabilities, whether accrued, absolute, contingent or otherwise, of Bond reflected in the calculation of Bond's net asset value (the "Bond Liabilities").

  • In accordance with instructions it receives from ACMF, ACIT shall record on its books the ownership of shares of New High-Yield by the record holders of shares of Old High-Yield.

  • Simultaneously, ACIT shall, on behalf of Diversified Bond, accept the Premium Bond Assets and assume all liabilities, whether accrued, absolute, contingent or otherwise, of Premium Bond reflected in the calculation of Premium Bond's net asset value (the "Premium Bond Liabilities").