Common use of Operations in the Normal Course Clause in Contracts

Operations in the Normal Course. Each party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1. 4.2

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Western Asset Emerging Markets Debt Fund Inc.), Agreement and Plan of Merger (Western Asset Emerging Markets Debt Fund Inc.), Agreement and Plan of Merger (Western Asset Worldwide Income Fund Inc.)

AutoNDA by SimpleDocs

Operations in the Normal Course. Each party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1. 4.2.

Appears in 3 contracts

Samples: Form of Agreement and Plan of Merger (Western Asset Emerging Markets Debt Fund Inc.), Agreement and Plan of Merger (Western Asset High Income Opportunity Fund Inc.), Zif Agreement and Plan of Merger (Western Asset Zenix Income Fund Inc.)

Operations in the Normal Course. Each party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1. 4.2.

Appears in 2 contracts

Samples: Form of Agreement and Plan of Merger (Legg Mason Funds Trust), Agreement and Plan of Merger (LMP Real Estate Income Fund Inc.)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Emerging Markets Telecommunications Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1Section 6.2. 4.26.3.

Appears in 2 contracts

Samples: Merger Agreement and Plan of Reorganization (Emerging Markets Infrastructure Fund Inc), Merger Agreement and Plan of Reorganization (Emerging Markets Telecommunications Fund Inc)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Emerging Markets Infrastructure Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1. 4.2Section 6.2.

Appears in 1 contract

Samples: Merger Agreement and Plan of Reorganization (Emerging Markets Telecommunications Fund Inc)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Emerging Markets Telecommunications Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1. 4.2Section 6.2.

Appears in 1 contract

Samples: Merger Agreement and Plan of Reorganization (Emerging Markets Infrastructure Fund Inc)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Latin America Equity Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1Section 6.2. 4.26.3.

Appears in 1 contract

Samples: Merger Agreement and Plan (Latin America Investment Fund Inc)

AutoNDA by SimpleDocs

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Jakarta Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1Section 6.2. 4.26.3.

Appears in 1 contract

Samples: Merger Agreement and Plan of Reorganization (Indonesia Fund Inc)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Latin America Equity Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1. 4.2Section 6.2.

Appears in 1 contract

Samples: Merger Agreement and Plan of Reorganization (Latin America Investment Fund Inc)

Operations in the Normal Course. Each party Party covenants to operate its business in the ordinary course between the date hereof and the Effective Date, it being understood that such ordinary course of business will include (i) the declaration and payment of customary dividends and other distributions and (ii) in the case of the Acquired Latin America Investment Fund, preparing for its deregistration, except that the distribution of dividends pursuant to paragraph 6.6 Sections 7.11 and 8.9 of this Agreement shall not be deemed to constitute a breach of the provisions of this paragraph 4.1. 4.2Section 6.2.

Appears in 1 contract

Samples: Merger Agreement and Plan (Latin America Investment Fund Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.