1940 Act Asset Coverage Requirement. The Fund shall maintain 1940 Act Asset Coverage as of the close of business on the last Business Day of each month in which any RVMTP Shares of any Series are Outstanding. If the Fund shall fail to maintain such 1940 Act Asset Coverage as of any time as of which such compliance is required to be determined as aforesaid, the provisions of Section 2.6(b)(i) shall be applicable, which provisions to the extent complied with shall constitute the sole remedy for the Fund’s failure to comply with the provisions of this Section 2.4(a).
Appears in 19 contracts
Samples: Appendix (Pimco Municipal Income Fund Iii), Appendix (Pimco California Municipal Income Fund Ii), Appendix (Pimco Municipal Income Fund Ii)
1940 Act Asset Coverage Requirement. The Fund shall maintain 1940 Act Asset Coverage as of the close of business on the last Business Day of each month in which any RVMTP VMTP Shares of any Series are Outstanding. If the Fund shall fail to maintain such 1940 Act Asset Coverage as of any time as of which such compliance is required to be determined as aforesaid, the provisions of Section 2.6(b)(i2.5(b)(i) shall be applicable, which provisions to the extent complied with shall constitute the sole remedy for the Fund’s failure to comply with the provisions of this Section 2.4(a).
Appears in 13 contracts
Samples: Pimco California Municipal Income Fund Iii, Pimco California Municipal Income Fund, Pimco Municipal Income Fund Iii
1940 Act Asset Coverage Requirement. The For so long as any RVMTP Shares of any Series are Outstanding, the Fund shall maintain have 1940 Act Asset Coverage as of the close of business on the last each Business Day of each month in which any RVMTP Shares of any Series are OutstandingDay. If the Fund shall fail to maintain such 1940 Act Asset Coverage as of any time as of which such compliance is required to be determined as aforesaid, the provisions of Section 2.6(b)(i) shall be applicable, which provisions to the extent complied with shall constitute the sole remedy for the Fund’s failure to comply with the provisions of this Section 2.4(a).
Appears in 4 contracts
Samples: PIMCO Flexible Municipal Income Fund, PIMCO Flexible Municipal Income Fund, PIMCO Flexible Municipal Income Fund
1940 Act Asset Coverage Requirement. The Fund shall maintain maintain such 1940 Act Asset Coverage as of the close of business on the last Business Day of each month in which any RVMTP Shares of any Series are Outstanding. If the Fund shall fail to maintain such 1940 Act Asset Coverage as of any time as of which such compliance is required to be determined as aforesaid, the provisions of Section 2.6(b)(i) shall be applicable, which provisions to the extent complied with shall constitute the sole remedy for the Fund’s failure to comply with the provisions of this Section 2.4(a).
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