Common use of APS Basic Maintenance Amount Clause in Contracts

APS Basic Maintenance Amount. (a) The Trust shall maintain, on each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date Moody’s Eligible Assets having an aggregate Discounted Value equal to or greater than the APS Basic Maintenance Amount. Upon any failure to maintain the required Discounted Value, the Trust will use its best efforts to alter the composition of its portfolio to retain a Discounted Value at least equal to the APS Basic Maintenance Amount on or prior to the APS Basic Maintenance Cure Date.

Appears in 19 contracts

Samples: Pimco California Municipal Income Fund, Pimco California Municipal Income Fund Iii, Pimco California Municipal Income Fund

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APS Basic Maintenance Amount. (a) The Trust shall maintain, on each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date Moody’s Mxxxx’x Eligible Assets having an aggregate Discounted Value equal to or greater than the APS Basic Maintenance Amount. Upon any failure to maintain the required Discounted Value, the Trust will use its best efforts to alter the composition of its portfolio to retain a Discounted Value at least equal to the APS Basic Maintenance Amount on or prior to the APS Basic Maintenance Cure Date.

Appears in 12 contracts

Samples: Appendix (Pimco California Municipal Income Fund Ii), Appendix (Pimco Municipal Income Fund Iii), Appendix (Pimco Municipal Income Fund Ii)

APS Basic Maintenance Amount. (a) The Trust shall maintain, on each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date Moody’s 's Eligible Assets having an aggregate Discounted Value equal to or greater than the APS Basic Maintenance Amount. Upon any failure to maintain the required Discounted Value, the Trust will use its best efforts to alter the composition of its portfolio to retain a Discounted Value at least equal to the APS Basic Maintenance Amount on or prior to the APS Basic Maintenance Cure Date.

Appears in 9 contracts

Samples: Pimco Municipal Income Fund Iii, Pimco California Municipal Income Fund Iii, Pimco Municipal Income Fund Ii

APS Basic Maintenance Amount. (a) The Trust shall maintain, on each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date Moody’s Xxxxx'x Eligible Assets having an aggregate Discounted Value equal to or greater than the APS Basic Maintenance Amount. Upon any failure to maintain the required Discounted Value, the Trust will use its best efforts to alter the composition of its portfolio to retain a Discounted Value at least equal to the APS Basic Maintenance Amount on or prior to the APS Basic Maintenance Cure Date.

Appears in 3 contracts

Samples: Pimco California Municipal Income Fund, Pimco Municipal Income Fund, Pimco New York Municipal Income Fund

APS Basic Maintenance Amount. (a) The Trust shall maintain, on each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date Moody’s Xxxxx’x Eligible Assets having an aggregate Discounted Value equal to or greater than the APS Basic Maintenance Amount. Upon any failure to maintain the required Discounted Value, the Trust will use its best efforts to alter the composition of its portfolio to retain a Discounted Value at least equal to the APS Basic Maintenance Amount on or prior to the APS Basic Maintenance Cure Date.

Appears in 2 contracts

Samples: Pimco Municipal Income Fund Ii, Pimco California Municipal Income Fund

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APS Basic Maintenance Amount. (a) The Trust shall maintain, on ---------------------------- each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date Moody’s Xxxxx'x Eligible Assets having an aggregate Discounted Value equal to or greater than the APS Basic Maintenance Amount. Upon any failure to maintain the required Discounted Value, the Trust will use its best efforts to alter the composition of its portfolio to retain a Discounted Value at least equal to the APS Basic Maintenance Amount on or prior to the APS Basic Maintenance Cure Date.

Appears in 1 contract

Samples: Pimco New York Municipal Income Fund Iii

APS Basic Maintenance Amount. (a) The Trust shall maintain, on each ---------------------------- Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date Moody’s Xxxxx'x Eligible Assets having an aggregate Discounted Value equal to or greater than the APS Basic Maintenance Amount. Upon any failure to maintain the required Discounted Value, the Trust will use its best efforts to alter the composition of its portfolio to retain a Discounted Value at least equal to the APS Basic Maintenance Amount on or prior to the APS Basic Maintenance Cure Date.

Appears in 1 contract

Samples: Pimco Municipal Income Fund

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