Covenants of the Acquiring Fund and the Selling Fund. The Capitol Trust, on behalf of the Acquiring Fund, and the Allianz Trust, on behalf of the Selling Fund, respectively, hereby, further covenant as follows:
Covenants of the Acquiring Fund and the Selling Fund. 5.1 The Vanguard Fund will operate the business of the Acquiring Fund, and TIP Funds will operate the business of the Selling Fund, in the ordinary course between the date of this Agreement and the Closing Date. The Vanguard Fund and TIP Funds agree for purposes of this Agreement that the declaration and payment of customary dividends and distributions will be considered to have been paid in the ordinary course of business.
Covenants of the Acquiring Fund and the Selling Fund. 5.1 The Vanguard Trust will operate the business of the Acquiring Fund, and the Schroder Trust will operate the business of the Selling Fund, in the ordinary course between the date of this Agreement and the Closing Date. The Vanguard Trust and the Schroder Trust agree for purposes of this Agreement that the declaration and payment of customary dividends and distributions will be considered to have been paid in the ordinary course of business.
Covenants of the Acquiring Fund and the Selling Fund
