Failure to Deliver Securities. If the Acquired Portfolio is unable to make delivery pursuant to Section 3B hereof to the Custodian of any of the Acquired Portfolio's securities for the reason that any of such securities purchased by the Acquiring Portfolio have not yet been delivered to it by the Acquired Portfolio's broker or brokers, then, in lieu of such delivery, the Acquired Portfolio shall deliver to the Custodian, with respect to said securities, executed copies of an agreement of assignment and due bills executed on behalf of said broker or brokers, together with such other documents as may be required by the Acquiring Portfolio or Custodian, including brokers' confirmation slips.
Appears in 3 contracts
Sources: Reorganization Agreement (Van Kampen Life Investment Trust), Agreement and Plan of Reorganization (Van Kampen Life Investment Trust), Agreement and Plan of Reorganization (Van Kampen Life Investment Trust)