Certain Other Restrictions. (a) If the Rating Agency Guidelines require the Company to receive a prior written confirmation that certain actions would not impair the rating then assigned by the Rating Agency to a Senior Security, then the Company will not engage in such actions, unless it has received written confirmation from each such Rating Agency that such actions would not impair the rating then assigned by such Rating Agency.
Certain Other Restrictions. (a) For so long as any APS are rated by Mxxxx’x, the Trust will not buy or sell financial futures contracts, write, purchase or sell call options on financial futures contracts or purchase put options on financial futures contracts or write call options (except covered call options) on portfolio securities unless it receives written confirmation from Mxxxx’x that engaging in such transactions would not impair the ratings then assigned to the APS by Mxxxx’x, except that the Trust may purchase or sell exchange-traded financial futures contracts based on the Municipal Index or Treasury Bonds, and purchase, write or sell exchange-traded put options on such financial futures contracts, the Municipal Index or Treasury Bonds, and purchase, write or sell exchange-traded call options on such financial futures contracts, the Municipal Index or Treasury Bonds (collectively “Mxxxx’x Hedging Transactions”), subject to the following limitations:
Certain Other Restrictions. (a) For so long as any AMPS are rated by Xxxxx'x, the Trust will not buy or sell financial futures contracts, write, purchase or sell call options on financial futures contracts or purchase put options on financial futures contracts or write call options (except covered call options) on portfolio securities unless it receives written confirmation from Xxxxx'x that engaging in such transactions would not impair the ratings then assigned to the AMPS by Xxxxx'x, except that the Trust may purchase or sell exchange-traded financial futures contracts based on any index approved by Xxxxx'x or Treasury Bonds, and purchase, write or sell exchange-traded put options on such financial futures contracts, any index approved by Xxxxx'x or Treasury Bonds, and purchase, write or sell exchange-traded call options on such financial futures contracts, any index approved by Xxxxx'x or Treasury Bonds (collectively "Xxxxx'x Hedging Transactions"), subject to the following limitations:
Certain Other Restrictions. (a) For so long as any Tortoise Notes are Outstanding and any Rating Agency is then rating the Tortoise Notes, the Issuer will not engage in certain proscribed transactions set forth in the Rating Agency Guidelines, unless it has received written confirmation from each such Rating Agency that proscribes the applicable transaction in its Rating Agency Guidelines that any such action would not impair the rating then assigned by such Rating Agency to a Series of Tortoise Notes.
Certain Other Restrictions. (a) If the Rating Agency Guidelines require the Fund to receive a prior written confirmation that certain actions would not impair the rating then assigned by the Rating Agency to a Senior Security, then the Fund will not engage in such actions, unless it has received written confirmation from each such Rating Agency that such actions would not impair the rating then assigned by such Rating Agency.
Certain Other Restrictions. ( ) (a) For so long as any shares of RP are outstanding, the Trust will not, unless it has received written confirmation from Moodys and S&P that any such action would not impair the ratings then assigned by Moodys and S&P to any shares of RP, engage in any one or more of the following transactions: (i) borrow any money except as may be necessary for the clearance of purchases and sales of portfolio securities and which borrowings shall be repaid within 60 days and not be extended or renewed (provided that no such borrowing will be permitted unless the Trust, after giving effect to such borrowing, maintains Moodys Eligible Assets and S&P Eligible Assets at least equal to the RP Basic Maintenance Amount); (ii) lend portfolio securities; (iii) designate a new Pricing Service; (iv) engage in short sales; (v) merge or consolidate with any other entity; (vi) engage in reverse repurchase agreements; or (vii) issue a class or series of shares of beneficial interest ranking prior to or on a parity with the RP with respect to payment of dividends or the distribution of assets on liquidation. (b) For so long as any shares of RP are rated by Moodys or S&P, the Trust shall give to Moodys or S&P, as the case may be, prompt written notice of the following circumstances: (i) any change to the Declaration of Trust or Article 12 of the Bylaws; (ii) any failure to declare or pay any dividend on the shares of RP; (iii) any mandatory or optional redemption of the shares of RP; (iv) any assumption of control of the Trustees by the Holders of shares of RP pursuant to Section 6(b) of this Part I of Section 12.1; (v) in the event the Trust shall not be a party to a pricing services agreement and dealer quotes on assets are not available; (vi) in the event that the Applicable Dividend Rate equals or exceeds 95% of the applicable Reference Rate; (vii) any person owning of record more than 5% of the Trusts Common Shares; (viii) a change in Internal Revenue Service rules on Additional Dividends relating to the operation of the Trust; and (ix) Xxxxxx Investment Management, Inc. is no longer the Trusts investment manager. 13. 14.
Certain Other Restrictions. If the Rating Agency Guidelines require the Company to receive a prior written confirmation that certain actions would not impair the rating then assigned by the Rating Agency to the MRP Shares, then the Company will not engage in such actions unless it has received written confirmation from each such Rating Agency that such actions would not impair the rating then assigned by such Rating Agency.
Certain Other Restrictions. For so long as any shares of RP are outstanding,
Certain Other Restrictions. (a) For so long as any shares of RP are outstanding, the Trust will not, unless it has received written confirmation from Moodx'x xxx S&P that any such action would not impair the ratings then assigned by Moodx'x xxx S&P to any shares of RP, engage in any one or more of the following transactions:
Certain Other Restrictions. (a) If the Rating Agency Guidelines require the Issuer to receive a prior written confirmation that certain actions would not impair the rating then assigned by the Rating Agency to a Senior Security, then the Issuer will not engage in such actions, unless it has received written confirmation from each such Rating Agency that such actions would not impair the rating then assigned by such Rating Agency.
