Exempt Merger definition

Exempt Merger means a merger or consolidation of the Trust or any Portfolio or Class with or into another Company or with and into another Portfolio or Class or a conversion of the Trust or any Portfolio or Class where either (A) the primary purpose of such merger or consolidation is to change the Trust's or the Portfolio's domicile or form of organization or (B) after giving effect to such merger, consolidation or conversion, based on the number of Outstanding Shares as of a date selected by the Trustees, the Shareholders of the Trust or such Portfolio or Class will have a majority of the outstanding shares of the surviving or converted Company or Portfolio or Class, as the case may be;
Exempt Merger means a merger or consolidation of the Trust or the Portfolio or any Class thereof with or into another Company or with and into another Class or a conversion of the Trust or the Portfolio or any Class thereof where either (A) the primary purpose of such merger or consolidation is to change the Trust's or the Portfolio's domicile or form of organization or (B) after giving effect to such merger, consolidation or conversion, based on the number of Outstanding Shares as of a date selected by the Trustees, the Shareholders of the Trust or the Portfolio or such Class will have a majority of the outstanding shares of the surviving or converted Company or Class, as the case may be;
Exempt Merger means a merger or consolidation of the Trust or any Class thereof with or into another Company where either (A) the primary purpose of such merger or consolidation is to change the Trust's domicile or form of organization or (B) after giving effect to such merger or consolidation, based on the number of Outstanding Shares as of a date selected by the Trustees, the Shareholders of the Trust or such Class will have a majority of the outstanding shares of the surviving Company or Class, as the case may be; (l) "Exempt Sale" means a sale, lease or exchange of all or substantially all the assets of the Trust to any Person where the primary purpose of such sale is to change the Trust's domicile or form of organization; (m) "Fund complex" has the meaning specified in Regulation 14A under the Securities Exchange Act of 1934, as amended from time to time; (n) "Governing Instrument" means collectively this Agreement, the Bylaws, all amendments to this Agreement and the Bylaws, all written committee charters adopted by the Trustees, and every resolution of the Trustees or any committee of the Trustees that by its terms is incorporated by reference into this Agreement or stated to constitute part of the Trust's Governing Instrument; (o) "Independent Trustees" shall mean the trustees of the Trust who are not "interested persons," as defined in the 1940 Act; (p) "Majority Shareholder Vote" means "the vote of a majority of the outstanding voting securities" (as defined in the 0000 Xxx) of the Trust or Class, as applicable; (q) "Majority Trustee Vote" means the vote of a majority of the total number of Trustees then holding office; (r) The "1940 Act" means the Investment Company Act of 1940, as amended from time to time, and the rules promulgated thereunder; (s) "Outstanding Shares" means Shares shown on the books of the Trust or the Trust's transfer agent as then issued and outstanding, but excludes Shares of the Trust that the Trust has redeemed or repurchased; (t) "Principal Shareholder" has the meaning specified in Section 6.2(b); (u) "Shareholder" means a record owner of Outstanding Shares of the Trust; (v) "Shares" means, as to the Trust or Class thereof, the equal proportionate transferable units of beneficial interest into which the beneficial interest of the Trust or such Class thereof shall be divided and may include fractions of Shares in 1/1000th of a Share or integral multiples thereof as well as whole Shares; (w) The "Trust" means Xxxxxxxx Fund Ltd., the Del...

Examples of Exempt Merger in a sentence

  • Note: Both this proposal and the proposal to Exempt Merger Transactions Between Depository Institutions and Wholly Owned Subsidiaries or with Wholly Owned Subsidiaries of Their Holding Company from Competitive Factors Review and Post- Approval Waiting Periods, Mergers (item 61) amend section 18(c)(4) of the FDIA, if both proposals are accepted, they must be coordinated and harmonized.

Related to Exempt Merger