Common use of Closing and Effective Time of the Reorganization Clause in Contracts

Closing and Effective Time of the Reorganization. The Reorganization and all related acts necessary to complete the Reorganization (the "Closing") will occur on a day on which the New York Stock Exchange (the "NYSE") is open for business following approval of contract owners of the Acquired Fund and receipt of all necessary regulatory approvals, such day to be selected by mutual agreement of the parties. All acts taking place at the Closing shall be deemed to take place simultaneously as of the close of business on the date of the Closing or at such other time as an authorized officer of the Trust shall determine (the "Effective Time").

Appears in 7 contracts

Samples: Agreement and Plan of Reorganization (Allianz Variable Insurance Products Trust), Agreement and Plan of Reorganization (Allianz Variable Insurance Products Trust), Agreement and Plan of Reorganization (Allianz Variable Insurance Products Trust)

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