Common use of COVENANTS OF THE LIQUIDITY PROVIDER Clause in Contracts

COVENANTS OF THE LIQUIDITY PROVIDER. The Liquidity Provider agrees that, from the Effective Date, so long as there is any Available Commitment or any amount payable under the VRDP Shares Purchase Agreement (provided, that if there is no such Available Commitment or amount payable under the VRDP Shares Purchase Agreement, so long as any VRDP Shares remain Outstanding, the Liquidity Provider agrees to (A) comply with (i) Section 7.02, (ii) Section 7.03 (for purposes of Section 2.05 of the VRDP Shares Purchase Agreement) and (iii) Section 7.08(c) (with respect to the sale of any Purchased VRDP Shares by the Liquidity Provider) and (B) provide notice to the Fund of any action, suit and proceeding commenced against the Liquidity Provider or (to the best knowledge of the Liquidity Provider) overtly threatened in writing against the Liquidity Provider contesting the Liquidity Provider's obligation to comply with the foregoing (i), (ii) and (iii)):

COVENANTS OF THE LIQUIDITY PROVIDER. The Liquidity Provider agrees that, from the Effective Closing Date, so long as there is any Available Commitment or any amount payable under the VRDP Shares Purchase Agreement (provided, provided that if there is no such Available Commitment or amount payable under the VRDP Shares Purchase Agreement, so long as any VRDP Shares remain Outstanding, the Liquidity Provider agrees to (A) comply with (i) Section 7.02, (ii) Section 7.03 (for purposes of Section 2.05 of the VRDP Shares Purchase Agreement) and (iii) Section 7.08(c) (with respect to the sale of any Purchased VRDP Shares by the Liquidity Provider) and (B) provide notice to the Fund of any action, suit and proceeding commenced against the Liquidity Provider or (to the best knowledge of the Liquidity Provider) overtly threatened in writing against the Liquidity Provider contesting the Liquidity Provider's obligation to comply with the foregoing (i), (ii) and (iii)):