Common use of Failed Remarketing and Mandatory Tender Clause in Contracts

Failed Remarketing and Mandatory Tender. (i) With respect to a Mandatory Tender Event described in Section 2.5(a)(i)(A), if any RVMTP Shares subject to Mandatory Tender are not Remarketed by the Early Term Redemption Date (such failure to remarket a “Failed Early Term Redemption Date Remarketing”), then all such RVMTP Shares shall be redeemed by the Fund on the Mandatory Tender Date pursuant to the Mandatory Tender redemption procedure described in Sections 2.6(a)(iv) and 2.6(d) below.

Appears in 15 contracts

Samples: Appendix (Pimco California Municipal Income Fund), Appendix (Pimco Municipal Income Fund Iii), Appendix (Pimco California Municipal Income Fund Ii)

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