Exchange Date; Valuation Time. On the Exchange Date, the Acquiring Fund will deliver to the Acquired Fund a number of full and fractional Merger Shares having an aggregate net asset value equal to the value of the assets of the Acquired Fund on such date less the value of the liabilities of the Acquired Fund assumed by the Acquiring Fund on that date, determined as hereinafter provided in this Section 4.
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Samples: Agreement and Plan of Reorganization (Natixis Funds Trust II), Agreement and Plan of Reorganization (CDC Nvest Funds Trust I), Agreement and Plan of Reorganization (Gateway Trust)
Exchange Date; Valuation Time. On the Exchange Date, the Acquiring Fund will deliver to the Acquired Fund a number of full and fractional Merger Acquiring Fund Shares having an aggregate net asset value equal to the value of the assets attributable to each corresponding class of the Shares of Acquired Fund on such date acquired by Acquiring Fund, less the value of the liabilities of the Acquired Fund assumed by the Acquiring Fund on that dateassumed, determined as hereinafter hereafter provided in this Section 4.
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