Common use of The Exchange Clause in Contracts

The Exchange. Subject to the terms and conditions contained herein and on the basis of the representations and warranties contained herein, the Acquired Fund agrees to transfer all of its assets, as set forth in paragraph 1.2, to the Acquiring Fund. In exchange, the Acquiring Fund agrees: (i) to deliver to the Acquired Fund the number of each class of full and fractional Acquiring Fund Shares, determined by multiplying (a) the shares outstanding of each class of shares of the Acquired Fund (“Acquired Fund Shares”) by (b) the ratio computed by dividing (x) the net asset value per share of such class of Acquired Fund Shares by (y) the net asset value per share of the corresponding class of Acquiring Fund Shares computed in the manner and as of the time and date set forth in paragraph 2.2. Holders of Class A Shares and Class F Shares of the Acquired Fund will receive Class A Shares of the Acquiring Fund, holders of Class B Shares of the Acquired Fund will receive Class B Shares of the Acquiring Fund, holders of Class C Shares of the Acquired Fund will receive Class C Shares of the Acquiring Fund and holders of Class K Shares of the Acquired Fund will receive Class K Shares of the Acquiring Fund. Such transactions shall take place at the closing on the Closing Date provided for in paragraph 3.1.

The Exchange. Subject to the terms and conditions contained herein set forth and on the basis of the representations and warranties contained herein: (a) The Acquired Fund will transfer and deliver to the Acquiring Fund, and the Acquiring Fund will acquire, all the assets of the Acquired Fund agrees to transfer all of its assets, as set forth in paragraph Section 1.2, to ; (b) The Acquiring fund will assume the Acquiring Fund. In exchange, Stated Liabilities of the Acquired Fund as set forth in Section 1.3; and (c) the Acquiring Fund agrees: (i) to will issue and deliver to the Acquired Fund Fund, the number of each class of full and fractional Acquiring Fund Shares, determined by multiplying (a) the shares outstanding of each class of shares of the Acquired Fund (“Acquired Fund Shares”) by (b) the ratio computed by dividing (x) the net asset value per share of such class of Acquired Fund Shares by (y) the net asset value per share of the corresponding class of Acquiring Fund Shares determined by dividing the aggregate value of the Acquired Fund's assets, net of certain stated liabilities of the Acquired Fund, attributable to each class of Acquired Fund Shares (as set forth below), computed in the manner and as of the time and date set forth in paragraph 2.2. Holders Section 2.1, by the net asset value of Class A Shares and Class F Shares one Acquiring Fund Share of the Acquired Fund will receive Class A Shares corresponding class (as set forth below), computed in the manner and as of the Acquiring Fund, holders of Class B Shares of the Acquired Fund will receive Class B Shares of the Acquiring Fund, holders of Class C Shares of the Acquired Fund will receive Class C Shares of the Acquiring Fund time and holders of Class K Shares of the Acquired Fund will receive Class K Shares of the Acquiring Funddate set forth in Section 2.2. Such transactions shall take place at the closing on the Closing Date provided for in paragraph 3.1Section 3.1 (the "Closing"). The classes of shares of the Acquiring Fund correspond to the classes of shares of the Acquired Fund (the "Acquired Fund Shares") as follows: Class A shares of the Acquiring Fund correspond to Class A shares of the Acquired Fund; Class B shares of the Acquiring Fund correspond to Class B shares of the Acquired Fund; Class C shares of the Acquiring Fund correspond to Class C shares of the Acquired Fund and Institutional Class ("Class I") shares of the Acquiring Fund correspond to Class I shares of the Acquired Fund.

The Exchange. Subject to the terms and conditions contained herein set forth and on the basis of the representations and warranties contained herein: (a) The Acquired Fund will transfer and deliver to the Acquiring Fund, and the Acquiring Fund will acquire, all the assets of the Acquired Fund agrees to transfer all of its assets, as set forth in paragraph Section 1.2, to ; (b) The Acquiring fund will assume the Acquiring Fund. In exchange, Stated Liabilities of the Acquired Fund as set forth in Section 1.3; and (c) the Acquiring Fund agrees: (i) to will issue and deliver to the Acquired Fund Fund, the number of each class of full and fractional Acquiring Fund Shares, determined by multiplying (a) the shares outstanding of each class of shares of the Acquired Fund (“Acquired Fund Shares”) by (b) the ratio computed by dividing (x) the net asset value per share of such class of Acquired Fund Shares by (y) the net asset value per share of the corresponding class of Acquiring Fund Shares determined by dividing the aggregate value of the Acquired Fund's assets, net of certain stated liabilities of the Acquired Fund, attributable to each class of Acquired Fund Shares (as set forth below), computed in the manner and as of the time and date set forth in paragraph 2.2. Holders Section 2.1, by the net asset value of Class A Shares and Class F Shares one Acquiring Fund Share of the Acquired Fund will receive Class A Shares corresponding class (as set forth below), computed in the manner and as of the Acquiring Fund, holders of Class B Shares of the Acquired Fund will receive Class B Shares of the Acquiring Fund, holders of Class C Shares of the Acquired Fund will receive Class C Shares of the Acquiring Fund time and holders of Class K Shares of the Acquired Fund will receive Class K Shares of the Acquiring Funddate set forth in Section 2.2. Such transactions shall take place at the closing on the Closing Date provided for in paragraph 3.1Section 3.1 (the "Closing"). The classes of shares of the Acquiring Fund correspond to the classes of shares of the Acquired Fund (the "Acquired Fund Shares") as follows: Class 1 shares of the Acquiring Fund correspond to Class 1 shares of the Acquired Fund; and Class 2 shares of the Acquiring Fund correspond to Class 2 shares of the Acquired Fund.

The Exchange. Subject to the terms and conditions contained herein set forth and on the basis of the representations and warranties contained herein: (a) The Acquired Fund will transfer and deliver to the Acquiring Fund, and the Acquiring Fund will acquire, all the assets of the Acquired Fund agrees to transfer all of its assets, as set forth in paragraph Section 1.2, to ; (b) The Acquiring fund will assume the Acquiring Fund. In exchange, Stated Liabilities of the Acquired Fund as set forth in Section 1.3; and (c) the Acquiring Fund agrees: (i) to will issue and deliver to the Acquired Fund Fund, the number of each class of full and fractional Acquiring Fund Shares, determined by multiplying (a) the shares outstanding of each class of shares of the Acquired Fund (“Acquired Fund Shares”) by (b) the ratio computed by dividing (x) the net asset value per share of such class of Acquired Fund Shares by (y) the net asset value per share of the corresponding class of Acquiring Fund Shares determined by dividing the aggregate value of the Acquired Fund's assets, net of certain stated liabilities of the Acquired Fund, attributable to each class of Acquired Fund Shares (as set forth below), computed in the manner and as of the time and date set forth in paragraph 2.2. Holders Section 2.1, by the net asset value of Class A Shares and Class F Shares one Acquiring Fund Share of the Acquired Fund will receive Class A Shares corresponding class (as set forth below), computed in the manner and as of the Acquiring Fund, holders of Class B Shares of the Acquired Fund will receive Class B Shares of the Acquiring Fund, holders of Class C Shares of the Acquired Fund will receive Class C Shares of the Acquiring Fund time and holders of Class K Shares of the Acquired Fund will receive Class K Shares of the Acquiring Funddate set forth in Section 2.2. Such transactions shall take place at the closing on the Closing Date provided for in paragraph 3.1Section 3.1 (the "Closing"). The classes of shares of the Acquiring Fund correspond to the classes of shares of the Acquired Fund (the "Acquired Fund Shares") as follows: Class A shares of the Acquiring Fund correspond to Class A shares of the Acquired Fund; Class B shares of the Acquiring Fund correspond to Class B shares of the Acquired Fund; Class C shares of the Acquiring Fund correspond to Class C shares of the Acquired Fund; and Institutional Class ("Class I") shares of the Acquiring Fund correspond to Class I shares of the Acquired Fund.

The Exchange. Subject to the terms and conditions contained herein and on the basis of the representations and warranties contained herein, the Acquired Fund agrees to transfer all of its assets, as set forth in paragraph 1.2, to the Acquiring Fund. In exchange, the Acquiring Fund agrees: (i) agrees to deliver to the Acquired Fund Fund: (a) the number of each class of full and fractional Class A Shares of the Acquiring Fund Shares, determined by multiplying (ai) the shares Class A Shares outstanding of each class of shares of the Acquired Fund (“Acquired Fund Shares”) by (bii) the ratio computed by dividing (x) the net asset value per share Class A Share of such class of the Acquired Fund Shares by (y) the net asset value per share Class A Share of the corresponding class Acquiring Fund; and (b) the number of full and fractional Institutional Service Shares of the Acquiring Fund determined by multiplying (i) the Class F Shares outstanding of the Acquired Fund by (ii) the ratio computed by dividing (x) the net asset value per Class F Share of the Acquired Fund by (y) the net asset value per Institutional Service Share of the Acquiring Fund; in each case computed in the manner and as of the time and date set forth in paragraph 2.2. ; and Holders of the Class A Shares and Class F Shares of the Acquired Fund will receive Class A Shares of the Acquiring Fund, and holders of the Class B F Shares of the Acquired Fund will receive Class B Shares of the Acquiring Fund, holders of Class C Shares of the Acquired Fund will receive Class C Shares of the Acquiring Fund and holders of Class K Shares of the Acquired Fund will receive Class K Institutional Service Shares of the Acquiring Fund. Such transactions shall take place at the closing on the Closing Date provided for in paragraph 3.1.

The Exchange. Subject to the terms and conditions contained herein and on the basis of the representations and warranties contained herein, the Acquired Fund agrees to transfer all of its assets, as set forth in paragraph 1.2, to the Acquiring Fund. In exchange, the Acquiring Fund agrees: (i) agrees to deliver to the Acquired Fund Fund: (a) the number of each class of full and fractional Class A Shares of the Acquiring Fund Shares, determined by multiplying (ai) the shares outstanding of each class of shares Class A Shares of the Acquired Fund (“Acquired Fund Shares”) by (bii) the ratio computed by dividing (x) the net asset value per share Class A Share of such class of the Acquired Fund Shares by (y) the net asset value per share Class A Share of the corresponding class Acquiring Fund; (a) the number of Acquiring Fund Shares computed in the manner full and as of the time and date set forth in paragraph 2.2. Holders of fractional Class A Shares and Class F Shares of the Acquired Fund will receive Class A B Shares of the Acquiring Fund, holders of Fund determined by multiplying (i) the outstanding Class B Shares of the Acquired Fund will receive by (ii) the ratio computed by dividing (x) the net asset value per Class B Share of the Acquired Fund by (y) the net asset value per Class B Share of the Acquiring Fund; and (a) the number of full and fractional Class C Shares of the Acquiring Fund, holders of Fund determined by multiplying (i) the outstanding Class C Shares of the Acquired Fund will receive by (ii) the ratio computed by dividing (x) the net asset value per Class C Shares of the Acquiring Fund and holders of Class K Shares Share of the Acquired Fund will receive by (y) the net asset value per Class K Shares C Share of the Acquiring Fund. Such transactions shall take place at the closing on the Closing Date provided for in paragraph 3.1.;

The Exchange. Subject to the terms and conditions contained herein set forth and on the basis of the representations and warranties contained herein: (a) The Acquired Fund will transfer and deliver to the Acquiring Fund, and the Acquiring Fund will acquire, all the assets of the Acquired Fund agrees to transfer all of its assets, as set forth in paragraph Section 1.2, to ; (b) The Acquiring fund will assume the Acquiring Fund. In exchange, Stated Liabilities of the Acquired Fund as set forth in Section 1.3; and (c) the Acquiring Fund agrees: (i) to will issue and deliver to the Acquired Fund Fund, the number of each class of full and fractional Acquiring Fund Shares, determined by multiplying (a) the shares outstanding of each class of shares of the Acquired Fund (“Acquired Fund Shares”) by (b) the ratio computed by dividing (x) the net asset value per share of such class of Acquired Fund Shares by (y) the net asset value per share of the corresponding class of Acquiring Fund Shares determined by dividing the aggregate value of the Acquired Fund's assets, net of certain stated liabilities of the Acquired Fund, attributable to each class of Acquired Fund Shares (as set forth below), computed in the manner and as of the time and date set forth in paragraph 2.2. Holders Section 2.1, by the net asset value of Class A Shares and Class F Shares one Acquiring Fund Share of the Acquired Fund will receive Class A Shares corresponding class (as set forth below), computed in the manner and as of the Acquiring Fund, holders of Class B Shares of the Acquired Fund will receive Class B Shares of the Acquiring Fund, holders of Class C Shares of the Acquired Fund will receive Class C Shares of the Acquiring Fund time and holders of Class K Shares of the Acquired Fund will receive Class K Shares of the Acquiring Funddate set forth in Section 2.2. Such transactions shall take place at the closing on the Closing Date provided for in paragraph 3.1Section 3.1 (the "Closing"). The classes of shares of the Acquiring Fund correspond to the classes of shares of the Acquired Fund (the "Acquired Fund Shares") as follows: Class A shares of the Acquiring Fund correspond to Class A shares of the Acquired Fund; Class B shares of the Acquiring Fund correspond to Class B shares of the Acquired Fund; and Class C shares of the Acquiring Fund correspond to Class C shares of the Acquired Fund.