Common use of Valuation Date Clause in Contracts

Valuation Date. Pursuant to Section 2.2, the net value of the assets of State Fund and the net asset value per share of National Fund shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Investment Trust with respect to State Fund will be permanently closed, and sales of State Fund Shares shall be suspended, as of the close of business of Investment Trust on the Valuation Date. Redemption requests thereafter received by Investment Trust with respect to State Fund shall be deemed to be redemption requests for National Fund Shares to be distributed to shareholders of State Fund under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by State or National Portfolio, shall be disrupted on the Valuation Date so that, in the judgment of the Trust, accurate appraisal of the net assets of State Fund to be transferred hereunder or the assets of National Fund is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Trust, have been resumed without disruption. In such event, the Closing Date shall be postponed until one Business Day after the Valuation Date.

Valuation Date. Pursuant to Section 2.2, the net value of the assets of State EV Fund and the net asset value per share of National AC Fund Shares shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Investment Growth Trust with respect to State EV Fund will be permanently closed, and sales of State EV Fund Shares shall be suspended, as of the close of business of Investment Growth Trust on the Valuation Date. Redemption requests thereafter received by Investment Growth Trust with respect to State EV Fund shall be deemed to be redemption requests for National AC Fund Shares to be distributed to shareholders of State EV Fund under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by State or National Portfolio, Large-Cap Growth Portfolio shall be disrupted on the Valuation Date so that, in the judgment of the Growth Trust, accurate appraisal of the net assets of State EV Fund to be transferred hereunder or the assets of National AC Fund is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Growth Trust, have been resumed without disruption. In such event, the Closing Date shall be postponed until one Business Day after the Valuation Date.

Valuation Date. Pursuant to Section 2.2, the net value of the assets of State EV Fund and the net asset value per share of National AC Fund Shares shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Investment Growth Trust with respect to State EV Fund will be permanently closed, and sales of State EV Fund Shares shall be suspended, as of the close of business of Investment Growth Trust on the Valuation Date. Redemption requests thereafter received by Investment Growth Trust with respect to State EV Fund shall be deemed to be redemption requests for National AC Fund Shares to be distributed to shareholders of State EV Fund under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by State or National Portfolio, Small-Cap Portfolio shall be disrupted on the Valuation Date so that, in the judgment of the Growth Trust, accurate appraisal of the net assets of State EV Fund to be transferred hereunder or the assets of National AC Fund is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Growth Trust, have been resumed without disruption. In such event, the Closing Date shall be postponed until one Business Day after the Valuation Date.

Valuation Date. Pursuant to Section 2.2, the net value of the assets of State Small-Cap Growth Fund 1.2 and the net asset value per share of National Small-Cap Growth Fund 1.1 shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Investment Mutual Funds Trust with respect to State Small-Cap Growth Fund 1.2 will be permanently closed, and sales of State Small-Cap Growth Fund 1.2 Shares shall be suspended, as of the close of business of Investment Mutual Funds Trust on the Valuation Date. Redemption requests thereafter received by Investment Mutual Funds Trust with respect to State Small-Cap Growth Fund 1.2 shall be deemed to be redemption requests for National Small-Cap Growth Fund 1.1 Shares to be distributed to shareholders of State Small-Cap Growth Fund 1.2 under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by State or National Portfolio, the Portfolio are traded shall be disrupted on the Valuation Date so that, in the judgment of the Trust, accurate appraisal of the net assets of State Small-Cap Growth Fund 1.2 to be transferred hereunder or the assets of National Small-Cap Growth Fund 1.1 is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Trust, have been resumed without disruption. In such event, the Closing Date shall be postponed until one Business Day after the Valuation Date.

Valuation Date. Pursuant to Section 2.2, the net value of the assets of State MSAR Fund and the net asset value per share of National Strategic Fund shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Investment the Trust with respect to State MSAR Fund will be permanently closed, and sales of State Fund MSAR Shares shall be suspended, as of the close of business of Investment the Trust on the Valuation Date. Redemption requests thereafter received by Investment the Trust with respect to State MSAR Fund shall be deemed to be redemption requests for National Strategic Fund Shares to be distributed to shareholders of State MSAR Fund under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by State or National Portfolio, the MSAR Fund are traded shall be disrupted on the Valuation Date so that, in the judgment of the Trust, accurate appraisal of the net assets of State MSAR Fund to be transferred hereunder or the assets of National Strategic Fund is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Trust, have been resumed without disruption. In such event, the Closing Date shall also be postponed until one Business Day after the Valuation Datepostponed.

Valuation Date. Pursuant to Section 2.2, the net value of the assets of State Global Growth Fund and the net asset value per share of National Multi-Cap Growth Fund shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Investment the Trust with respect to State Global Growth Fund will be permanently closed, and sales of State Global Growth Fund Shares shall be suspended, as of the close of business of Investment the Trust on the Valuation Date. Redemption requests thereafter received by Investment the Trust with respect to State Global Growth Fund shall be deemed to be redemption requests for National Multi-Cap Growth Fund Shares to be distributed to shareholders of State Global Growth Fund under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by State or National Portfolio, the Global Growth Fund are traded shall be disrupted on the Valuation Date so that, in the judgment of the Trust, accurate appraisal of the net assets of State Global Growth Fund to be transferred hereunder or the assets of National Multi-Cap Growth Fund is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Trust, have been resumed without disruption. In such event, the Closing Date shall be postponed until one Business Day after the Valuation Date.

Valuation Date. Pursuant to Section 2.2, the net value of the assets of State the Acquired Fund and the net asset value per share of National the Acquiring Fund shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Special Investment Trust with respect to State the Acquired Fund will be permanently closed, and sales of State the Acquired Fund Shares shall be suspended, as of the close of business of Special Investment Trust on the Valuation Date. Redemption requests thereafter received by Special Investment Trust with respect to State the Acquired Fund shall be deemed to be redemption requests for National the Acquiring Fund Shares to be distributed to shareholders of State the Acquired Fund under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by State or National Portfolio, the Acquired Fund are traded shall be disrupted on the Valuation Date so that, in the judgment of the Mutual Funds Trust and Special Investment Trust, accurate appraisal of the net assets of State the Acquired Fund to be transferred hereunder or the assets of National the Acquiring Fund is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Mutual Funds Trust and Special Investment Trust, have been resumed without disruption. In such event, the Closing Date shall be postponed until one Business Day after the Valuation Date.

Valuation Date. Pursuant to Section 2.2, the net value of the assets of State Fund the Acquired Funds and the net asset value per share of National the Acquiring Fund shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Investment Municipals Trust and Municipals Trust II with respect to State Fund the Acquired Funds will be permanently closed, and sales of State Fund the Acquired Funds Shares shall be suspended, as of the close of business of Investment Municipals Trust and Municipals Trust II on the Valuation Date. Redemption requests thereafter received by Investment Municipals Trust and Municipals Trust II with respect to State Fund the Acquired Funds shall be deemed to be redemption requests for National the Acquiring Fund Shares to be distributed to shareholders of State Fund the Acquired Funds under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by State or National Portfolio, the Acquired Funds are traded shall be disrupted on the Valuation Date so that, in the judgment of the TrustMunicipals Trust and Municipals Trust II, accurate appraisal of the net assets of State Fund the Acquired Funds to be transferred hereunder or the assets of National the Acquiring Fund is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the TrustMunicipals Trust and Municipals Trust II, have been resumed without disruption. In such event, the Closing Date shall be postponed until one Business Day after the Valuation Date.