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 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.

Corresponding Shares has the meaning set forth in Section 2.3(b) hereof.

Examples of Corresponding Shares in a sentence

• 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.

• 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 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.

• 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 shall refer to the Corresponding Shares of the Acquiring Fund.

Corresponding Shares the meaning given to that expression by Section 514(1) of the Act; "CUT-OFF DATE" 1st of April 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 in relation to any New Shares means those shares in respect of which the New Shares are 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 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 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 AC-MS Small Cap Growth Fund in respect of the Small Cap Growth Funds Reorganization, the AC-MS Mid Cap Growth Fund in respect of the Mid Cap Growth Funds Reorganization, the AC Select Fund in respect of the Select Funds Reorganization, the AC-MS Select Bond Fund in respect of the Select Bond Funds Reorganization, the AC-MS High-Yield Intermediate Bond Fund in respect of the High-Yield Funds Reorganization, the AC Equity Index Fund in respect of the Equity Index Funds Reorganization, the AC Equity Growth Fund in respect of the Equity Growth Funds Reorganization, the AC International Value Fund in respect of the International Value Funds Reorganization, the AC Strategic Allocation: Moderate Fund in respect of the Strategic Allocation Funds Reorganization, and the AC Long-Term Tax-Free Fund in respect of the Municipal Bond Funds Reorganization.

Corresponding Shares means those shares which correspond in the Register of Members to a particular Water Entitlement;