Postponement of Applicable Valuation Date. Notwithstanding anything herein to the contrary, if on the Applicable Valuation Date (a) the New York Stock Exchange shall be closed to trading or trading thereon shall be restricted, or (b) trading or the reporting of trading on such exchange or elsewhere shall be disrupted so that, in the judgment of Purisima, accurate appraisal of the value of the net assets of the Acquiring Fund or the Acquired Funds is impracticable, the Applicable Valuation Date shall be postponed until the first business day after the day when trading shall have been fully resumed without restriction or disruption and reporting shall have been restored.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Purisima Funds), Agreement and Plan of Reorganization (Purisima Funds)