Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 of the Statement. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.
Appears in 14 contracts
Samples: Amtp Shares Transition Agreement (Bank of America Corp /De/), Amtp Shares Transition Agreement (Wells Fargo & Company/Mn), Amtp Shares Purchase Agreement (Deutsche Bank Ag\)
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 of the Statement. In connection with calculating the Effective Leverage Ratio, the Fund’s 's total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s 's valuation policies.
Appears in 10 contracts
Samples: Variable Rate Muni Term Preferred Shares Purchase Agreement (Bank of America Corp /De/), Variable Rate Muni Term Preferred Shares Purchase Agreement (Bank of America Corp /De/), Exchange Agreement (Bank of America Corp /De/)
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Minimum VRM Asset Coverage as required by Section 2.4 of the StatementCoverage. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.
Appears in 6 contracts
Samples: Additional Series a Munifund Preferred Shares Purchase Agreement (Bank of America Corp /De/), Additional Series B Munifund Preferred Shares Purchase Agreement (Toronto Dominion Investments, Inc.), Additional Series B Munifund Preferred Shares Purchase Agreement (Toronto Dominion Investments, Inc.)
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 2.5 of the Statement. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.
Appears in 4 contracts
Samples: VMTP Exchange Agreement (Bank of America Corp /De/), VMTP Exchange Agreement (Bank of America Corp /De/), VMTP Exchange Agreement (Bank of America Corp /De/)
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 2.3 of the StatementVariable Rate Mode Supplement. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.
Appears in 3 contracts
Samples: Initial Series a Munifund Preferred Shares Purchase Agreement (Toronto Dominion Investments, Inc.), Munifund Preferred Shares Purchase Agreement (Bank of America Corp /De/), Initial Series a Munifund Preferred Shares Purchase Agreement (Toronto Dominion Investments, Inc.)
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 2.3 of the StatementNotice. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.
Appears in 3 contracts
Samples: Series 1 Variable Rate Demand Preferred Shares (Vrdp) Remarketing Purchase Agreement (Toronto Dominion Investments, Inc.), Purchase Agreement (Toronto Dominion Investments, Inc.), Purchase Agreement (Bank of America Corp /De/)
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 of the StatementArticles. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.
Appears in 1 contract
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 2.2 of the StatementSupplement. In connection with calculating the Effective Leverage Ratio, the Fund’s 's total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s 's valuation policies.
Appears in 1 contract
Samples: Series a Munifund Preferred Shares Purchase Agreement (Bank of America Corp /De/)
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 2.3 of the StatementNotice. In connection with calculating the Effective Leverage Ratio, the Fund’s 's total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s 's valuation policies.
Appears in 1 contract
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 2.2 of the StatementSupplement. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.
Appears in 1 contract
Samples: Purchase Agreement (Toronto Dominion Investments, Inc.)
Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 2.3 of the StatementVariable Rate Mode Supplement. In connection with calculating the Effective Leverage Ratio, the Fund’s 's total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s 's valuation policies.
Appears in 1 contract
