Common use of COVENANTS OF THE ACQUIRING FUND AND THE ACQUIRED FUND Clause in Contracts

COVENANTS OF THE ACQUIRING FUND AND THE ACQUIRED FUND. 5.1 OPERATION IN ORDINARY COURSE. The Acquiring Fund and the Acquired Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Effective Time, it being understood that such ordinary course of business will include (a) customary dividends; (b) shareholder purchases and redemptions and (c) seeking to cause the continued good faith performance by the investment adviser, sub-adviser(s), administrator, distributor and other service providers of their respective responsibilities in accordance with their agreements with the Acquired Fund or the Acquiring Fund, as applicable, and applicable Law. No Party shall take any action that would, or would reasonably be expected to, result in any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Touchstone Investment Trust), Agreement and Plan of Reorganization (Touchstone Strategic Trust), Execution Copy Agreement and Plan of Reorganization (Touchstone Funds Group Trust)

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