VALUATION OF ASSETS AND LIABILITIES. The value of each Selling Fund’s net assets shall be the value of all the Selling Fund’s assets as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the Closing Date (such time and date being hereinafter called the “Valuation Date”), less the amount of all the Selling Fund’s liabilities. The value of the Selling Fund’s assets and liabilities shall be determined by using the valuation procedures adopted by the Selling Fund or such other valuation procedures as shall be mutually agreed upon by the parties.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Boulder Growth & Income Fund), Agreement and Plan of Reorganization (Lola Brown Trust 1b)
VALUATION OF ASSETS AND LIABILITIES. The value of each Selling Fund’s net assets shall be the value of all the Selling Fund’s assets as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the business day immediately prior to the Closing Date (such time and date being hereinafter called the “Valuation Date”), less the amount of all the Selling Fund’s liabilities. The value of the Selling Fund’s assets and liabilities shall be determined by using the valuation procedures adopted by the Selling Fund or such other valuation procedures as shall be mutually agreed upon by the parties.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Boulder Growth & Income Fund)