Common use of Liabilities of the Acquired Fund Clause in Contracts

Liabilities of the Acquired Fund. The liabilities of each Acquired Fund that are to be assumed by the corresponding Acquiring Fund in connection with the Reorganization, or to which the assets of the Acquired Fund to be transferred in the Reorganization are subject, were incurred by the Acquired Fund in the ordinary course of its business. The fair market value of the assets of each Acquired Fund to be transferred to the corresponding Acquiring Fund in the Reorganization will equal or exceed the sum of the liabilities to be assumed by the Acquiring Fund plus the amount of liabilities, if any, to which such transferred assets will be subject.

Liabilities of the Acquired Fund. The liabilities of each the Acquired Fund that are to be assumed by the corresponding Acquiring Fund in connection with the Reorganization, or to which the assets of the Acquired Fund to be transferred in the Reorganization are subject, were incurred by the Acquired Fund in the ordinary course of its business. The fair market value of the assets of each the Acquired Fund to be transferred to the corresponding Acquiring Fund in the Reorganization will equal or exceed the sum of the liabilities to be assumed by the Acquiring Fund plus the amount of liabilities, if any, to which such transferred assets will be subject.