Arrow Funds ( definition

Arrow Funds (. Arrow") and we have requested your opinion as to certain Federal income tax matters in connection with the proposed reorganization (the "Reorganization") of three investment portfolios of Arrow Funds ("Arrow") (the "Transferor Funds") into two existing investment portfolios and one newly created investment portfolio of The Arch Fund, Inc. ("Arch") (the "Surviving Funds") pursuant to the Agreement and Plan of Reorganization (the "Plan") by and among Arch and Arrow. At the Effective Time of the Reorganization (as defined in the Plan), it is contemplated that each Transferor Fund will transfer all of its assets and liabilities to a corresponding Surviving Fund in exchange for shares of the Surviving Fund. Arch will then distribute the shares of each Surviving Fund to the shareholders of the corresponding Transferor Fund in exchange for all outstanding shares of the Transferor Fund, and the existence of the Transferor Funds will be terminated. All of the above steps constitute the "Transactions." After the Transactions, each Surviving Fund will continue the investment operations of the corresponding Transferor Fund. To enable you to render such opinion, we are furnishing the following representations:
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Related to Arrow Funds (

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Fresh Funds means funds that:

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.