Acquired Fund Shares definition

Acquired Fund Shares means the issued and outstanding shares of beneficial interest in an Acquired Fund.

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Acquired Fund Shares means the Acquired Fund's Class A shares, Class B shares, and Class C shares.

Acquired Fund Shares means the Corporation's Series C Shares.

Examples of Acquired Fund Shares in a sentence

All of the issued and outstanding Acquired Fund Shares will, at the time of Closing, be held by the persons and in the amounts set forth in the records of the Transfer Agent, on behalf of the Acquired Fund, as provided in paragraph 3.3. The Acquired Fund does not have outstanding any options, warrants or other rights to subscribe for or purchase any of the Acquired Fund Shares, nor is there outstanding any security convertible into any of the Acquired Fund Shares.
The Acquired Fund will assist the Acquiring Fund in obtaining such information as the Acquiring Fund reasonably requests concerning the beneficial ownership of the Acquired Fund Shares.
For the purposes of this subparagraph (j), a decline in net asset value per share of Acquired Fund Shares due to declines in market values of securities held by the Acquired Fund, the discharge of Acquired Fund liabilities, or the redemption of Acquired Fund Shares by shareholders of the Acquired Fund shall not constitute a material adverse change.
Acquiring Fund Shares will be issued simultaneously to the Acquired Fund, in an amount equal in value to the aggregate net asset value of the Acquired Fund Shares, to be distributed to Acquired Fund Shareholders.
All issued and outstanding Acquired Fund Shares will simultaneously be canceled on the books of the Acquired Fund.
Pursuant to this Agreement, as soon as practicable after the Closing Date, the Acquired Fund will distribute all Merger Shares received by it to its shareholders in exchange for their Acquired Fund Shares.
Any transfer taxes payable upon the issuance of Acquiring Fund Shares in a name other than the registered holder of the Acquired Fund Shares on the books of the Acquired Fund as of that time shall, as a condition of such issuance and transfer, be paid by the person to whom such Acquiring Fund Shares are to be issued and transferred.
For the purposes of this subparagraph (j), a decline in net asset value per share of Acquired Fund Shares due to declines in market values of securities held by the Acquired Fund, the discharge of the Acquired Fund’s liabilities, or the redemption of the Acquired Fund’s shares by shareholders of the Acquired Fund shall not constitute a material adverse change.
The Acquired Fund hereby represents that as of the date of the execution of this Agreement, there have been no changes in its financial position as reflected in such financial statements other than those occurring in the ordinary course of business in connection with the purchase and sale of securities, the issuance and redemption of Acquired Fund Shares and the payment of normal operating expenses, dividends and capital gains distributions.
All issued and outstanding shares of the Acquired Fund (the "Acquired Fund Shares") will simultaneously be canceled on the books of the Acquired Fund.

More Definitions of Acquired Fund Shares

Acquired Fund Shares means the Corporation's Series G, Class One Common Shares.

Acquired Fund Shares means all of the outstanding shares of common stock of an Acquired Fund.

Acquired Fund Shares means the issued and outstanding shares of beneficial interest in the Acquired Fund. "Acquiring Fund" means the Acquiring Fund named above. "Acquiring Fund Shares" means voting shares of the capital stock of LSAVST issued pursuant to Section 2.5 of this Agreement. "Agreement" means this Agreement and Plan of Reorganization, together with any schedules and exhibits attached hereto and all amendments hereto and thereof. "Closing" means the transfer of all the assets of the Acquired Fund to the Acquiring Fund, the assumption of all of the Acquired Fund's liabilities by the Acquiring Fund and the issuance of the Acquiring Fund Shares to the Acquired Fund as described in Section 2.1 of this Agreement. "Closing Date" means May 1, 2003, or such other date as LSAVST's Chairman or Vice President shall determine. "Code" means the Internal Revenue Code of 1986, as amended, and all rules and regulations adopted pursuant thereto. "Custodian" means Investors Bank & Trust Company, acting in its capacity as custodian for the assets of the Acquiring Fund and the Acquired Fund. "Effective Time" means 4:00 p.m. Eastern Time on the Closing Date or such other time on the Closing Date as LSAVST's Chairman or Vice President shall determine. "Funds" means the Acquired Fund and the Acquiring Fund. "Fund Financial Statements" shall have the meaning set forth in Section 3.3 of this Agreement. "Governmental Authority" means any foreign, United States, federal, state or local government, government agency, department, board, commission (including the SEC)or instrumentality, and any court, tribunal or arbitrator of competent jurisdiction, and any governmental or non-governmental self-regulatory organization, agency or authority (including the National Association of Securities Dealers, Inc., the Commodity Futures Trading Commission, and the National Futures Association). "Investment Company Act" means the Investment Company Act of 1940, as amended, and all rules and regulations adopted pursuant thereto. "Lien" means any pledge, lien, security interest, charge, claim or encumbrance of any kind. "LSAVST" means LSA Variable Series Trust, a Delaware business trust. "LSAVST Registration Statement" means the registration statement on Form N-1A, as amended, of LSAVST (SEC File Nos. 333-80845 and 811-09379). "Material Adverse Effect" means an effect that would cause a change in the condition (financial or otherwise), properties, assets or prospects of an entity having an adverse monetary effec...