EFFECTIVE TIME OF THE REORGANIZATION. Delivery of the Old High-Yield Assets and the shares of New High-Yield to be issued pursuant to Section 1 and the liquidation of Old High-Yield pursuant to Section 2 shall occur at the opening of business on the next business day following the Valuation Time, or on such other date, and at such place and time, as may be determined by the President or any Vice President of each party hereto. The date and time at which such actions are taken are referred to herein as the "Effective Time." To the extent any of the Old High-Yield Assets are, for any reason, not transferred at the Effective Time, ACMF shall cause such Old High-Yield Assets to be transferred in accordance with this Agreement at the earliest practicable date thereafter.
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Samples: Agreement and Plan of Reorganization (American Century Investment Trust), Agreement and Plan of Reorganization (American Century Investment Trust), Reorganization Agreement (American Century Investment Trust)
