REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF NIF III Sample Clauses

REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF NIF III. NIF III represents and warrants to and agrees with NIF II that: (a) NIF III is a business trust validly existing under the laws of the State of Ohio and has power to carry on its business as it is now being conducted and to carry out its obligations under this Agreement. (b) NIF III is registered under the 1940 Act as an open-end investment company of the management type. The Acquiring Series expect to qualify as regulated investment companies under Part I of Subchapter M of the Code. (c) The Acquiring Series will have no assets or liabilities as of the Valuation Time. (d) The final prospectus of each Acquiring Series, expected to be dated as of a date in December, 1997 or January, 1998, and the related Statement of Additional Information for the Acquiring Series to be dated as of such date (together, the "Acquiring Series Prospectus"), in the forms to be filed by NIF III with the Commission, will be furnished to NIF II promptly upon the completion thereof and will not as of their date contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. (e) There are no material legal, administrative or other proceedings pending or, to the knowledge of NIF III or its Acquiring Series threatened against NIF III or the Acquiring Series, which assert liability on the part of NIF III or the Acquiring Series. (f) There are no material contracts outstanding to which NIF III or the Acquiring Series is a party, other than this Agreement and material contracts disclosed in the N-14 Registration Statement. (g) NIF III and the Acquiring Series will file all federal and state tax returns which, to the knowledge of NIF III's officers, are required to be filed by NIF III and the Acquiring Series and will pay all federal and state taxes shown to be due on such returns or on any assessments received by NIF III of the Acquiring Series. (h) No consent, approval, authorization or order of any governmental authority is required for the consummation by NIF III or the Acquiring Series of the transactions contemplated by this Agreement, except such as may be required under the 1933 Act, 1934 Act, 1940 Act, state securities or blue sky laws or state laws applicable to business trusts. (i) As of both the Valuation Time and the Exchange Date and otherwise as described in Section 3(h), NIF III and the Acquiring Series will have full right, power and authority to acquire the Investme...
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REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF NIF III. NIF III represents and warrants to and agrees with FHIT that:

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