Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the Statement) each will be met.
Appears in 8 contracts
Samples: Blackrock Preferred Opportunity Trust, Purchase Agreement (Blackrock New York Municipal Income Trust Ii), Purchase Agreement (Pioneer Floating Rate Trust)
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the StatementStatement of Preferences) each will be met.
Appears in 6 contracts
Samples: Reaves Utility Income Fund, Clough Global Opportunities Fund, Clough Global Allocation Fund
Asset Coverage. As of the Closing Date Time and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the StatementCharter) each will be met.
Appears in 2 contracts
Samples: Auction Agency Agreement (Advent Claymore Convertible Securities & Income Fund), Auction Agency Agreement (Advent Claymore Convertible Securities & Income Fund)
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the StatementArticles Supplementary) each will be met.
Appears in 1 contract
Samples: Purchase Agreement (Duff & Phelps Utility & Corporate Bond Trust Inc)
