Common use of Filing; Effective Time Clause in Contracts

Filing; Effective Time. As soon as practical after the adoption and approval of this Agreement by the MI shareholders, the Reorganization and the other transactions contemplated hereby, Articles of Incorporation for VI shall be filed with the California Secretary of State and the Secretary of MI shall issue a NOTICE OF SHAREHOLDERS APPROVAL OF REORGANIZATION to all the MI shareholders, at which time the Reorganization shall become effective (the "Effective Time").

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization, Agreement and Plan of Reorganization (Moller International Inc)