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;

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Corresponding Shares means, in relation to any New Shares, those Plan 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.

Examples of Corresponding Shares in a sentence

• 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 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.

• The Sponsor shall have authority, without the consent or approval of any Shareholder or any other Person, to authorize the issuance, from time to time, of authorized but unissued Corresponding Shares and cause the Trust to issue such additional Corresponding Shares in exchange for and upon receipt of an equal number of Sponsor Interests.

More Definitions of Corresponding Shares

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 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 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. The shares to be issued and distributed by Party B to Party A in proportion to the capitalization of the issue.

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: