On Merger or Consolidation. In connection with the acquisition of assets (including the acquisition of assets subject to, and in connection with the assumption of, liabilities), businesses or stock of another Person, the Trustees may issue or cause to be issued Shares and accept in payment therefor, in lieu of cash, such assets or businesses at their market value (as determined by the Trustees) or such stock at the market value (as determined by the Trustees) of the assets held by such other Person, either with or without adjustment for contingent costs or liabilities, provided that the funds of the Trust are permitted by law to be invested in such assets, businesses or stock.
Appears in 9 contracts
Samples: Private Markets Fund (Apollo S3 Private Markets Fund), Declaration and Agreement (Coller Secondaries Private Equity Opportunities Fund), Agreement and Declaration (Apollo S3 Private Markets Fund)
On Merger or Consolidation. In connection with the acquisition of assets (including the acquisition of assets subject to, and in connection with the assumption of, liabilities), businesses or stock of another Person, the Trustees may issue or cause to be issued Shares of any Series and accept in payment therefor, in lieu of cash, such assets or businesses at their market value (as determined by the Trustees) or such stock at the market value (as determined by the Trustees) of the assets held by such other Person, either with or without adjustment for contingent costs or liabilities, provided that the funds of the Trust are permitted by law to be invested in such assets, businesses or stock.
Appears in 3 contracts
Samples: Declaration and Agreement (Lord Abbett Tax Free Income Trust), Declaration and Agreement (Lord Abbett Investment Trust), Declaration and Agreement (Lord Abbett Delta Fund)
On Merger or Consolidation. In connection with the acquisition of assets (including the acquisition of assets subject to, and in connection with the assumption of, liabilities), businesses or stock of another Person, the Trustees may issue or cause to be issued Shares of any Series and accept in payment therefor, in lieu of cash, such assets or businesses at their market value (as determined by the Trustees) or such stock at the market value (as determined by the Trustees) of the assets held by such other Person, either with or without adjustment for contingent costs or liabilities, provided PROVIDED that the funds of the Trust are permitted by law to be invested in such assets, businesses or stock.
Appears in 1 contract
Samples: Declaration and Agreement (Lord Abbett Blend Trust)
