Common use of Commitment to Purchase VMTP Preferred Shares Clause in Contracts

Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: Shares Purchase Agreement (Jpmorgan Chase & Co)

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Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 786 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: VMTP Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)

Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 976 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: VMTP Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)

Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 2,140 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: VMTP Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)

Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 1,536 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: VMTP Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)

Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 1,541 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: VMTP Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)

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Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 1,741 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: VMTP Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)

Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 678 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: VMTP Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)

Commitment to Purchase VMTP Preferred Shares. On the Closing Date the Purchaser will acquire 777 780 of the VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act), in each case by payment of the relevant Purchase Price in immediately available funds to the Fund through the account of its agent at the Securities Depository.

Appears in 1 contract

Samples: VMTP Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)

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