Common use of Dissolution of the Fund Clause in Contracts

Dissolution of the Fund. Promptly following the Closing, the officers of the Fund shall take all steps necessary under Massachusetts law to dissolve its business trust status, including publication of any necessary notices to creditors, receipt of any necessary pre-dissolution clearances from the Commonwealth of Massachusetts, and filing for record with the Secretary of the Commonwealth of Massachusetts of a Certificate of Termination.

Appears in 3 contracts

Sources: Investment Advisory Agreement (Oppenheimer Main Street Select Fund), Investment Advisory Agreement (Oppenheimer Senior Floating Rate Fund), Administrative Services Agreement (American Funds Tax Exempt Series I)

Dissolution of the Fund. Promptly following the Closing, the officers of the Fund shall take all steps necessary under Massachusetts [Massachusetts][Maryland] law to dissolve its [business trust trust][corporate] status, including publication of any necessary notices to creditors, receipt of any necessary pre-dissolution clearances from the [The Commonwealth of MassachusettsMassachusetts][the State of Maryland], and filing for record with the Secretary of [the Commonwealth of Massachusetts of a Certificate of TerminationTermination][State of Maryland of Articles of Dissolution].

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Franklin Mutual Recovery Fund)

Dissolution of the Fund. Promptly following the Closing, the officers of the Fund shall take all steps necessary under Massachusetts law to dissolve its business trust status, including publication of any necessary notices to creditors, receipt of any necessary pre-dissolution clearances from the The Commonwealth of Massachusetts, and filing for record with the Secretary of the Commonwealth of Massachusetts of a Certificate of Termination.

Appears in 1 contract

Sources: Shareholder Services Agreement (Tax Exempt Money Fund of America)