Common use of Cancellation of VMTP Shares Clause in Contracts

Cancellation of VMTP Shares. Contemporaneous with the issuance of AMTP Shares upon consummation of the Exchange, (a) the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the VMTP Shares, and the 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 VMTP Purchase Agreement and the VMTP Shares) and (b) Banc of America shall deliver, through the Securities Depository or otherwise, the VMTP Shares to the Redemption and Paying Agent for cancellation.

Cancellation of VMTP Shares. Contemporaneous with the issuance of AMTP Shares upon consummation of the Exchange, (a) the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the VMTP Shares, and the 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 VMTP Purchase Agreement and the VMTP Shares) and (b) Banc of America Xxxxx Fargo shall deliver, through the Securities Depository or otherwise, the VMTP Shares to the Redemption and Paying Agent for cancellation.

Cancellation of VMTP Shares. Contemporaneous with the issuance of AMTP Shares upon consummation of the Exchange, (a) the Fund shall, and shall cause the Securities Depository or its agent to, cancel all of the VMTP Shares, and the 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 VMTP Purchase Agreement and the VMTP Shares) and (b) Banc of America the Purchasers shall deliver, through the Securities Depository or otherwise, the VMTP Shares to the Redemption and Paying Agent for cancellation.