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Corresponding Shares definition

Corresponding Shares in relation to any New Shares, means the Shares in respect of which the New Shares are issued or which the New Shares otherwise represent;
Corresponding Shares shall refer to the Corresponding Shares of the Acquiring Fund.
Corresponding Shares shall be defined as follows: in respect of Class A shares of the Acquired Orbitex Fund, Class A shares of the Acquiring Saratoga Fund; in respect of Class B shares of the Acquired Orbitex Fund, Class B shares of the Acquiring Saratoga Fund; in respect of Class C shares of the Acquired Orbitex Fund, Class C shares of the Acquiring Saratoga Fund; in respect of Class D shares of the Orbitex Focus 30 Fund, Class I shares of the Saratoga Large Capitalization Value Portfolio; in respect of Institutional Shares of the Orbitex Cash Reserves Fund, Class I shares of the Saratoga U.S. Government Money Market Fund; and in respect of Investor Shares of the Orbitex Cash Reserves Fund, Class I shares of the Saratoga U.S.

Examples of Corresponding Shares in a sentence

  • The Corresponding Shares to be issued by the Acquiring Fund to the Acquired Fund and subsequently distributed by the Acquired Fund to its shareholders as provided in this Agreement have been duly and validly authorized and, when issued and delivered pursuant to this Agreement, will be legally and validly issued and will be fully paid and nonassessable and will have full voting rights, and no shareholder of the Acquiring Fund will have any preemptive right of subscription or purchase in respect thereof.

  • The Acquiring Fund agrees, as soon as practicable after the Valuation Time, to open shareholder accounts on its share ledger records for the shareholders of the Acquired Fund in connection with the distribution of Corresponding Shares by the Acquired Fund to such shareholders in accordance with Section 2(d) hereof.

  • The Acquired Fund will not sell or otherwise dispose of any of the Corresponding Shares to be received by it from the Acquiring Fund in connection with the Reorganization, except in distribution to the shareholders of the Acquired Fund in accordance with the terms hereof.

  • Pursuant to this Agreement, as soon as practicable after the Valuation Time, the Acquired Fund will distribute all Corresponding Shares received by it from the Acquiring Fund in connection with the Reorganization to its shareholders in proportion to such shareholders' interest in the Acquired Fund.

  • At or prior to the Closing Date, the Corresponding Shares to be issued by the Acquiring Fund to the Acquired Fund on the Closing Date will be duly qualified for offering to the public in all states of the United States in which the sale of shares of the Acquiring Fund presently are qualified, and there are a sufficient number of such shares registered under the Securities Act, the Investment Company Act and with each pertinent state securities commission to permit the Reorganization to be consummated.


More Definitions of Corresponding Shares

Corresponding Shares has the meaning ascribed thereto under the heading "Plans of Reorganization." For purposes of this Agreement, the term "Corresponding Shares" shall refer to the Corresponding Shares of the Acquiring Fund.
Corresponding Shares has the meaning set forth in Section 2.3(b) hereof.
Corresponding Shares in relation to any New Shares, means those shares comprised in the Original Holding in respect of which the New Shares were issued or which the New Shares otherwise represent.
Corresponding Shares the meaning given to that expression by Section 55(3) of the Act; "CUT-OFF DATE" 1st of November and 1st May in each year or such other date or dates as the Company shall from time to time, with the approval of the Revenue Commissioners decide;
Corresponding Shares the meaning given to that expression by Section 55(3) of the Act; “Cut-off Date” 1st of December in each year or such other date or dates as the Principal Company shall from time to time, with the approval of the Revenue Commissioners decide;
Corresponding Shares appearing in the penultimate paragraph of the Plan of Reorganization section of the Agreement shall be amended with respect to the Reorganization involving the Massachusetts Fund to refer to the shares of common stock of National Portfolio to be distributed to the shareholders of the Massachusetts Fund as follows:
Corresponding Shares appearing in the penultimate paragraph of the Plan of Reorganization section of the Agreement shall be amended with respect to the Reorganization involving the North Carolina Fund to refer to the shares of common stock of National Portfolio to be distributed to the shareholders of the North Carolina Fund as follows: (i) each holder of Class A, Class B or Class C shares of beneficial interest of the North Carolina Fund will be entitled to receive shares of the same class of common stock of the National Portfolio (e.g., Class A, Class B or Class C) as the shares of beneficial interest of the North Carolina Fund owned by such shareholder as of the Valuation Time; and (ii) each holder of Class D shares of beneficial interest of the North Carolina Fund as of the Valuation Time will be entitled to receive Class A shares of common stock of the National Portfolio (together, the "Corresponding Shares").