Corresponding Shares. i. 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.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (American Century Mutual Funds Inc), Agreement and Plan of Reorganization (Style Select Series Inc), Agreement and Plan of Reorganization (Sunamerica Equity Funds)
Corresponding Shares. i. 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 been, or will be, as applicable, 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.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Style Select Series Inc)
