Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the Shares, the 1940 Act AMPS Asset Coverage and the AMPS Basic Maintenance Amount (each as defined in the Fund's Charter) each will be met.
Appears in 3 contracts
Samples: Purchase Agreement (Muniyield New Jersey Fund Inc), Purchase Agreement (Muniyield Fund Inc), Purchase Agreement (Munivest Fund Inc)
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the Shares, the 1940 Act AMPS Asset Coverage and the AMPS Basic Maintenance Amount (each as defined in the Fund's Charterarticles supplementary creating the Shares) each will be met.
Appears in 2 contracts
Samples: Purchase Agreement (Muniyield Arizona Fund Inc /Nj/), Purchase Agreement (Muniholdings Fund Inc)
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the Shares, the 1940 Act AMPS Asset Coverage and the AMPS Basic Maintenance Amount (each as defined in the Fund's Chartercertificate of designation creating the Shares) each will be met.
Appears in 2 contracts
Samples: Purchase Agreement (Muniyield Pennsylvania Fund), Purchase Agreement (Muniyield Florida Fund)
