Common use of Effective Leverage Ratio; Asset Coverage Clause in Contracts

Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Issuer 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 Issuer’s total assets and accrued liabilities reflect the positive or negative net obligations of the Issuer under each Derivative Contract determined in accordance with the Issuer’s valuation policies.

Appears in 9 contracts

Samples: VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/)

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Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Issuer is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 of the StatementArticles Supplementary. In connection with calculating the Effective Leverage Ratio, the Issuer’s 's total assets and accrued liabilities reflect the positive or negative net obligations of the Issuer under each Derivative Contract determined in accordance with the Issuer’s 's valuation policies.

Appears in 5 contracts

Samples: VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/)

Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Issuer is in compliance with the Asset Coverage and the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 Sections 6(a) and 6(c), respectively, of the StatementArticles Supplementary. In connection with calculating the Effective Leverage Ratio, the Issuer’s 's total assets and accrued liabilities reflect the positive or negative net obligations of the Issuer under each Derivative Contract determined in accordance with the Issuer’s 's valuation policies.

Appears in 4 contracts

Samples: VMTP Purchase Agreement (Bank of America Corp /De/), Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/)

Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Issuer is in compliance with the Asset Coverage and Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 Sections 6(a) and 6(c), respectively, of the StatementArticles Supplementary. In connection with calculating the Effective Leverage Ratio, the Issuer’s total assets and accrued liabilities reflect the positive or negative net obligations of the Issuer under each Derivative Contract determined in accordance with the Issuer’s valuation policies.

Appears in 3 contracts

Samples: VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/)

Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Issuer is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 of the StatementArticles Supplementary. In connection with calculating the Effective Leverage Ratio, the Issuer’s total assets and accrued liabilities reflect the positive or negative net obligations of the Issuer under each Derivative Contract determined in accordance with the Issuer’s valuation policies.

Appears in 2 contracts

Samples: VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/)

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Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Issuer 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 Issuer’s 's total assets and accrued liabilities reflect the positive or negative net obligations of the Issuer under each Derivative Contract determined in accordance with the Issuer’s 's valuation policies.

Appears in 1 contract

Samples: VMTP Purchase Agreement (Bank of America Corp /De/)

Effective Leverage Ratio; Asset Coverage. As of the Effective Date, the Issuer is in compliance with the Asset Coverage and the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 Sections 6(a) and 6(c), respectively, of the StatementArticles Supplementary. In connection with calculating the Effective Leverage Ratio, the Issuer’s total assets and accrued liabilities reflect the positive or negative net obligations of the Issuer under each Derivative Contract determined in accordance with the Issuer’s valuation policies.

Appears in 1 contract

Samples: VMTP Purchase Agreement (Bank of America Corp /De/)

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