Shareholder Fund definition

Shareholder Fund means the Assets and Liabilities of a Transferor other than those attributable to or represented by its Long Term Fund(s);
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Shareholder Fund means the property and liabilities of SLAL, excluding those
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Shareholder Fund means an interest-bearing account established by the Principals at a bank or other financial institution selected by them, which account shall be for the benefit of, and shall be deemed an asset of, of all shareholders of the Company and holders of Option Agreements. The Shareholder Fund shall be used for payment of the Consideration to the holders of shares of the Company and for payment of the Net Consideration to holders of Option Agreement, in accordance with the terms of this ARTICLE II. The Shareholder Fund shall be administered by the Principals as representatives of the Shareholders, and amounts may be withdrawn therefrom with the approval of at least two of the Principals. The Surviving Corporation shall reasonably cooperate with and assist the Principals in the administration of the Shareholder Fund and in the fulfillment of the Principals' obligations under this ARTICLE II, provided, however, that the Surviving Corporation shall not be obligated to incur any significant out-of-pocket costs in connection therewith not related to the fulfillment of the Surviving Corporation's obligations under SECTION 2.
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Examples of Shareholder Fund in a sentence

  • Multi-Cap Opportunity Fund shall acquire all liabilities of Young Shareholder Fund, whether known or unknown, or contingent or determined existing as of the Closing Date.

  • Each of Young Shareholder Fund and Multi-Cap Opportunity Fund is a validly existing series of Mutual Funds Trust.

  • There are no known contingent liabilities of Young Shareholder Fund or Multi-Cap Opportunity Fund not disclosed and there are no legal, administrative or other proceedings pending, or to the knowledge of Mutual Funds Trust threatened, against either of Young Shareholder Fund or Multi-Cap Opportunity Fund that would materially affect its financial condition.

  • Young Shareholder Fund and Multi-Cap Opportunity Fund shall bear their respective expenses, in connection with carrying out this Agreement.

  • Mutual Funds Trust will discharge all known liabilities of Young Shareholder Fund, so far as may be possible, prior to the Closing Date.

  • The stock transfer books of Mutual Funds Trust with respect to Young Shareholder Fund will be permanently closed, and sales of Young Shareholder Fund Shares shall be suspended, as of the close of business of Mutual Funds Trust on the Valuation Date.

  • After the close of business on the Valuation Date, Mutual Funds Trust shall issue instructions providing for the delivery of all assets of Young Shareholder Fund to the Custodian to be held for the account of Multi-Cap Opportunity Fund, effective as of the Closing.

  • Redemption requests thereafter received by Mutual Funds Trust with respect to Young Shareholder Fund shall be deemed to be redemption requests for Multi-Cap Opportunity Fund Shares to be distributed to shareholders of Young Shareholder Fund under this Agreement provided that the transactions contemplated by this Agreement are consummated.

  • As soon as reasonably practicable after the Closing Date, Mutual Funds Trust shall pay or make provisions for the payment of the remaining debts and taxes, if any, of Young Shareholder Fund and distribute all remaining assets, if any, to shareholders of Young Shareholder Fund, and Young Shareholder Fund shall thereafter be terminated under Massachusetts law.

  • All issued and outstanding Young Shareholder Fund Shares shall thereupon be canceled on the books of Mutual Funds Trust.