Common use of EFFECT OF SUSPENSION IN TRADING Clause in Contracts

EFFECT OF SUSPENSION IN TRADING. In the event that on the Closing Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Acquiring Fund or the Target Fund are purchased or sold shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Target Fund is impracticable, the Closing Date shall be postponed until the first business day when trading is fully resumed and reporting is restored.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Destra Investment Trust II), Agreement and Plan of Reorganization (Destra Investment Trust II)

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EFFECT OF SUSPENSION IN TRADING. In the event that on the Closing Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Acquiring Fund or the Target Fund are purchased or sold shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Target Fund is impracticable, the Closing Date shall be postponed until the first business day when trading is fully resumed and reporting is restored.. ARTICLE III

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Destra Investment Trust), Agreement and Plan of Reorganization (Destra Investment Trust)

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