Common use of Cancellation of Old VMTP Shares Clause in Contracts

Cancellation of Old VMTP Shares. Contemporaneous with the issuance of New VMTP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 7 contracts

Samples: VMTP Purchase and Exchange Agreement (Bank of America Corp /De/), VMTP Purchase and Exchange Agreement (Bank of America Corp /De/), VMTP Purchase and Exchange Agreement (Bank of America Corp /De/)

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Cancellation of Old VMTP Shares. Contemporaneous Contemporaneously with the issuance of New VMTP the MFP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its redemption and paying agent for the Old VMTP Shares to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America the Purchaser under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 5 contracts

Samples: Purchase and Exchange Agreement (Wells Fargo & Company/Mn), Series B Munifund Preferred Shares (Wells Fargo & Company/Mn), Series C Munifund Preferred Shares (Wells Fargo & Company/Mn)

Cancellation of Old VMTP Shares. Contemporaneous with the issuance of New VMTP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America Xxxxx Fargo under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 5 contracts

Samples: VMTP Purchase and Exchange Agreement (Wells Fargo & Company/Mn), VMTP Purchase and Exchange Agreement (Wells Fargo & Company/Mn), VMTP Purchase and Exchange Agreement (Wells Fargo & Company/Mn)

Cancellation of Old VMTP Shares. Contemporaneous with the issuance of the New VMTP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America Xxxxx Fargo under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 1 contract

Samples: VMTP Exchange Agreement (Wells Fargo & Company/Mn)

Cancellation of Old VMTP Shares. Contemporaneous with the issuance of New VMTP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America the Purchasers under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 1 contract

Samples: VMTP Purchase and Exchange Agreement (Wells Fargo & Company/Mn)

Cancellation of Old VMTP Shares. Contemporaneous with the issuance of New VMTP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America WFNA under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 1 contract

Samples: Purchase Agreement (Wells Fargo & Company/Mn)

Cancellation of Old VMTP Shares. Contemporaneous Contemporaneously with the issuance of New VMTP the Series 1 VRDP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its redemption and paying agent for the Old VMTP Shares to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America the Purchaser under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 1 contract

Samples: Initial Series (Wells Fargo & Company/Mn)

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Cancellation of Old VMTP Shares. Contemporaneous with the issuance of New VMTP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America the Purchasers under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 1 contract

Samples: VMTP Purchase and Exchange Agreement (Bank of America Corp /De/)

Cancellation of Old VMTP Shares. Contemporaneous with the issuance of New VMTP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement Agreements and the Old Registration Rights Agreement Agreements shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America under the Old VMTP Purchase Agreement Agreements and the Old VMTP Shares).

Appears in 1 contract

Samples: Exchange Agreement (Bank of America Corp /De/)

Cancellation of Old VMTP Shares. Contemporaneous with the issuance of New VMTP Shares upon consummation of the Exchange, the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the Old VMTP Shares, and the Old VMTP Purchase Agreement and the Old Registration Rights Agreement shall be terminated and shall no longer be in effect (other than any provisions thereof that by their express terms survive the repayment in full of all amounts owed to Banc of America the Purchasers under the Old VMTP Purchase Agreement and the Old VMTP Shares).

Appears in 1 contract

Samples: VMTP Purchase and Exchange Agreement (Bank of America Corp /De/)

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