Common use of Representations Concerning the Reorganization Clause in Contracts

Representations Concerning the Reorganization. (a) JHVST has no plan or intention to reacquire any of the Acquiring Fund Shares issued in the Reorganization, except to the extent that the Acquiring Fund is required by the Investment Company Act to redeem any of its shares presented for redemption at net asset value in the ordinary of its business as an open-end, management investment company. (b) The Acquiring Fund has no plan or intention to sell or otherwise dispose of any of the assets of the Acquired Fund acquired in the Reorganization, other than in the ordinary course of its business and to the extent necessary to maintain its status as a "regulated investment company" under the Code. (c) Following the Reorganization, the Acquiring Fund will continue the "historic business" (within the meaning of Section 1.368-1(d) of the Income Tax Regulations under the Code) of the Acquired Fund from which the Acquiring Fund acquired assets in the Reorganization or use a significant portion of the Acquired Fund's historic business assets in a business. (d) Immediately before the Reorganization, not more than 25 percent of the value of the total assets of the Acquiring Fund will be invested in the stock or securities of any one issuer, and not more than 50 percent of the value of the total assets of the Acquiring Fund will be invested in the stock or securities of five or fewer issuers.

Representations Concerning the Reorganization. (a) JHVST has no plan or intention to reacquire any of the Acquiring Fund Shares issued in the Reorganization, except to the extent that the Acquiring Fund is required by the Investment Company Act to redeem any of its shares presented for redemption at net asset value in the ordinary of its business as an open-end, management investment company. (b) The Acquiring Fund has no plan or intention to sell or otherwise dispose of any of the assets of the Acquired Fund acquired in the Reorganization, other than in the ordinary course of its business and to the extent necessary to maintain its status as a "regulated investment company" under the Code. (c) Following the Reorganization, the Acquiring Fund will continue the "historic business" (within the meaning of Section 1.368-1(d) of the Income Tax Regulations under the Code) of the Acquired Fund from which the Acquiring Fund acquired assets in the Reorganization or use a significant portion of the Acquired Fund's historic business assets in a its business. (d) Immediately before the Reorganization, not more than 25 percent of the value of the total assets of the Acquiring Fund will be invested in the stock or securities of any one issuer, and not more than 50 percent of the value of the total assets of the Acquiring Fund will be invested in the stock or securities of five or fewer issuers.

Representations Concerning the Reorganization. (a) JHVST has no plan or intention to reacquire any of the Acquiring Fund Shares issued in the Reorganization, except to the extent that the an Acquiring Fund is required by the Investment Company Act to redeem any of its shares presented for redemption at net asset value in the ordinary of its business as an open-end, management investment company. (b) The No Acquiring Fund has no any plan or intention to sell or otherwise dispose of any of the assets of the corresponding Acquired Fund acquired in the Reorganization, other than in the ordinary course of its business and to the extent necessary to maintain its status as a "regulated investment company" under the Code. (c) Following the Reorganization, the each Acquiring Fund will continue the "historic business" (within the meaning of Section 1.368-1(d) of the Income Tax Regulations under the Code) of the corresponding Acquired Fund from which the Acquiring Fund acquired assets in the Reorganization or use a significant portion of the Acquired Fund's historic business assets in a its business. (d) Immediately before the Reorganization, not more than 25 percent of the value of the total assets of the an Acquiring Fund will be invested in the stock or securities of any one issuer, and not more than 50 percent of the value of the total assets of the Acquiring Fund will be invested in the stock or securities of five or fewer issuers.