Common use of Issuance of Acquiring Fund Shares Clause in Contracts

Issuance of Acquiring Fund Shares. At the Effective Time, the Acquired Fund Shareholders of record as of the Effective Time holding Acquired Fund Shares shall be issued that number of full and fractional shares of the corresponding Acquiring Fund having a net asset value equal to the net asset value of the Acquired Fund Shares held by the Acquired Fund Shareholders at the Effective Time. All issued and outstanding shares of beneficial interest in the Acquired Fund shall thereupon be canceled on the books of JHVST. JHVST shall provide instructions to Xxxx Xxxxxxx, as the transfer agent of JHVST, with respect to the Acquiring Fund Shares to be issued to the corresponding Acquired Fund Shareholders. Xxxx Xxxxxxx shall record on JHVST's books the ownership of Acquiring Fund Shares by the corresponding Acquired Fund Shareholders and shall forward a confirmation of such ownership to the Acquired Fund Shareholders. No redemption or repurchase of such shares credited to former Acquired Fund Shareholders in respect of the corresponding Acquired Fund Shares represented by any unsurrendered share certificates shall be permitted until such certificates have been surrendered to JHVST for cancellation, or if such certificates are lost or misplaced, until lost certificate affidavits have been executed and delivered to JHVST.

Issuance of Acquiring Fund Shares. At the Effective Time, the Acquired Fund Shareholders of record as of the Effective Time holding Acquired Fund Shares shall be issued that number of full and fractional shares of the corresponding Acquiring Fund having a net asset value equal to the net asset value of the Acquired Fund Shares held by the Acquired Fund Shareholders Shareholder at the Effective Time. All issued and outstanding shares of beneficial interest in the Acquired Fund shall thereupon be canceled on the books of JHVST. JHVST shall provide instructions to Xxxx Xxxxxxx, as the transfer agent of JHVST, with respect to the Acquiring Fund Shares to be issued to the corresponding Acquired Fund Shareholders. Xxxx Xxxxxxx shall record on JHVST's books the ownership of Acquiring Fund Shares by the corresponding Acquired Fund Shareholders and shall forward a confirmation of such ownership to the Acquired Fund Shareholders. No redemption or repurchase of such shares credited to former Acquired Fund Shareholders in respect of the corresponding Acquired Fund Shares shares represented by any unsurrendered share certificates shall be permitted until such certificates have been surrendered to JHVST for cancellation, or if such certificates are lost or misplaced, until lost certificate affidavits have been executed and delivered to JHVST.

Issuance of Acquiring Fund Shares. At the Effective Time, the Acquired Fund Shareholders of record as of the Effective Time holding the Acquired Fund Shares shall be issued that number of full and fractional shares of the corresponding Acquiring Fund having a net asset value equal to the net asset value of the Acquired Fund Shares held by the Acquired Fund Shareholders Shareholder at the Effective Time. All issued and outstanding shares of beneficial interest in the Acquired Fund shall thereupon be canceled on the books of JHVST. JHVST shall provide instructions to Xxxx Xxxxxxx, as the transfer agent of JHVST, Xxxx Xxxxxxx, with respect to the Acquiring Fund Shares to be issued to the corresponding Acquired Fund Shareholders. Xxxx Xxxxxxx shall record on JHVST's books the ownership of Acquiring Fund Shares by the corresponding Acquired Fund Shareholders and shall forward a confirmation of such ownership to the Acquired Fund Shareholders. No redemption or repurchase of such shares credited to former Acquired Fund Shareholders in respect of the corresponding Acquired Fund Shares shares represented by any unsurrendered share certificates shall be permitted until such certificates have been surrendered to JHVST for cancellation, or if such certificates are lost or misplaced, until lost certificate affidavits have been executed and delivered to JHVST.

Issuance of Acquiring Fund Shares. At the Effective Time, the Acquired Fund Shareholders of record as of the Effective Time holding Acquired Fund Shares shall be issued that number of full and fractional shares of the corresponding Acquiring Fund having a net asset value equal to the net asset value of the Acquired Fund Shares held by the Acquired Fund Shareholders Shareholder at the Effective Time. All issued and outstanding shares of beneficial interest in the Acquired Fund shall thereupon be canceled on the books of JHVST. JHVST shall provide instructions to Xxxx Xxxxxxx, as the transfer agent of JHVST, with respect to the Acquiring Fund Shares to be issued to the corresponding Acquired Fund Shareholders. Xxxx Xxxxxxx shall record on JHVST's books the ownership of Acquiring Fund Shares by the corresponding Acquired Fund Shareholders and shall forward a confirmation of such ownership to the Acquired Fund Shareholders. No redemption or repurchase of such shares credited to former Acquired Fund Shareholders in respect of the corresponding Acquired Fund Shares shares represented by any unsurrendered share certificates shall be permitted until such certificates have been surrendered to JHVST for cancellation, or if such certificates are lost or misplaced, until lost certificate affidavits have been executed and delivered to JHVST.