Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until: (a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or (b) The Purchaser shall have furnished the Trustees with an opinion of counsel, reasonably satisfactory to the Trustees, that such disposition will not require registration of such Shares under the 1933 Act. (c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 33 contracts
Samples: Subscription Agreement (Blackrock Dividend Achievers Trust), Subscription Agreement (BlackRock Enhanced Dividend Achievers Trust), Subscription Agreement (Blackrock Global Floating Rate Income Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(ai) There is then then, in effect effect, a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares under the 1933 Act.
(ciii) Notwithstanding the provisions of subsections (ai) and (bii) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 15 contracts
Samples: Subscription Agreement (BlackRock 2037 Municipal Target Term Trust), Subscription Agreement (BlackRock Private Credit Fund), Subscription Agreement (BlackRock Private Credit Fund)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees with an opinion of counsel, reasonably satisfactory to the Trustees, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 10 contracts
Samples: Subscription Agreement (Blackrock Strategic Municipal Trust), Subscription Agreement (Blackrock New Jersey Strategic Municipal Trust), Subscription Agreement (Blackrock Municipal Income Trust)
Further Limitations on Disposition. The Purchaser Pur chaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees with an opinion of counsel, reasonably satisfactory to the Trustees, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 7 contracts
Samples: Subscription Agreement (Btop50 Cta Index Fund), Subscription Agreement (Blackrock Strategic Bond Trust), Subscription Agreement (Blackrock New York Municipal Bond Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesBoard of Trustees of the Trust, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 7 contracts
Samples: Subscription Agreement (Highland Credit Strategies Fund), Subscription Agreement (Highland Floating Rate Advantage Fund), Subscription Agreement (Highland Floating Rate Fund)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Security unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or;
(b) The Purchaser shall have furnished the Trustees Trustee with an opinion of counsel, reasonably satisfactory to the TrusteesTrustee, that such disposition will not require registration of such Shares Securities under the 1933 Act.; or
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 6 contracts
Samples: Subscription Agreement (Fourth Automatic Common Exchange Security Trust), Subscription Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii), Subscription Agreement (Tenth Automatic Common Exchange Security Trust)
Further Limitations on Disposition. The Purchaser Pur chaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 5 contracts
Samples: Subscription Agreement (Blackrock California Municipal Income Trust), Subscription Agreement (Blackrock New York Municipal 2018 Term Trust), Subscription Agreement (Blackrock Florida Municipal Income Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares STRYPES unless and until:
(a) There is then in effect a registration statement under the 1933 Securities Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares STRYPES under the 1933 Securities Act.
(c) . Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 3 contracts
Samples: Subscription Agreement (WBK Strypes Trust), Subscription Agreement (Snyder Strypes Trust), Subscription Agreement (Dollar General Strypes Trust)
Further Limitations on Disposition. (a) The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Security unless and until:
(ai) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees Trustee with an opinion of counsel, reasonably satisfactory to the TrusteesTrustee, that such disposition will not require registration of such Shares Securities under the 1933 Act.; or
(cb) Notwithstanding the provisions of subsections subsection (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 3 contracts
Samples: Subscription Agreement (Ameritrade Automatic Common Exchange Security Tr), Subscription Agreement (Amdocs Automatic Common Exchange Security Trust), Subscription Agreement (Eleventh Automatic Common Exchange Security Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Subscription DECS unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares Subscription DECS under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 3 contracts
Samples: Subscription Agreement (Decs Trust Vi), Subscription Agreement (Decs Trust Iii), Subscription Agreement (Decs Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(ai) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees with an opinion of counsel, reasonably satisfactory to the Trustees, that such disposition will not require registration of such Shares under the 1933 Act.
(ciii) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 3 contracts
Samples: Subscription Agreement (BlackRock Utility & Infrastructure Trust), Subscription Agreement (BlackRock Resources & Commodities Strategy Trust), Subscription Agreement (BlackRock Build America Bond Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares TrUEPrS unless and until:
(a) There is then in effect a registration statement under the 1933 Securities Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares TrUEPrS under the 1933 Securities Act.
(c) . Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 3 contracts
Samples: Subscription Agreement (Def Exchangeable Preferred Trust), Subscription Agreement (Anz Exchangeable Preferred Trust), Subscription Agreement (Nab Exchangeable Preferred Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 2 contracts
Samples: Subscription Agreement (Blackrock New York Municipal Income Trust), Subscription Agreement (Blackrock New Jersey Municipal Income Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Subscription Equity Trust Securities unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares Subscription Equity Trust Security under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 2 contracts
Samples: Subscription Agreement (Equity Securities Trust I), Subscription Agreement (Equity Securities Trust Ii)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Directors of the Company with an opinion of counsel, reasonably satisfactory to the TrusteesDirectors, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 2 contracts
Samples: Subscription Agreement (BlackRock Kelso Capital CORP), Subscription Agreement (BlackRock Kelso Capital CORP)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(ai) There is then then, in effect effect, a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees Fund with an opinion of counsel, reasonably satisfactory to the TrusteesFund, that such disposition will not require registration of such Shares under the 1933 Act.
(ciii) Notwithstanding the provisions of subsections (ai) and (bii) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (BlackRock Hedge Fund Guided Portfolio Solution)
Further Limitations on Disposition. The Purchaser further agrees Purchaser furthers agree not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(ai) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees Fund with an opinion of counsel, reasonably satisfactory to the TrusteesFund, that such disposition will not require registration of such Shares under the 1933 Act.
(ciii) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (BlackRock Preferred Partners LLC)
Further Limitations on Disposition. The Purchaser Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Units unless and until:
(ai) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees Fund with an opinion of counsel, reasonably satisfactory to the TrusteesFund, that such disposition will not require registration of such Shares Units under the 1933 Act.
(ciii) Notwithstanding the provisions of subsections (ai) and (bii) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (BlackRock Alternatives Allocation FB TEI Portfolio LLC)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Company with an opinion of counsel, reasonably satisfactory to the TrusteesBoard of Directors of the Company, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (Highland Distressed Opportunities, Inc.)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees with an opinion of counsel, reasonably satisfactory to the Trustees, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.. Table of Contents
Appears in 1 contract
Samples: Subscription Agreement (BlackRock Preferred & Equity Advantage Trust)
Further Limitations on Disposition. The Such Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares STRYPES unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Such Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the Trustees, that Trust and such disposition will not require registration of such Shares STRYPES under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the such Purchaser to any affiliate of the such Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Subscription DECS unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares Subscription DECS under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, ; if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Securities unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees with an opinion of counsel, reasonably satisfactory to the Trustees, that such disposition will not require registration of such Shares Securities under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (Mandatory Common Exchange Trust)
Further Limitations on Disposition. The Such Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares STRYPES unless and until:
: (a) There is then in effect a registration statement under the 1933 Securities Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
or (b) The Such Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares STRYPES under the 1933 Securities Act.
(c) . Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the such Purchaser to any affiliate of the such Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the an original Purchaser hereunder.
Appears in 1 contract
Further Limitations on Disposition. The Purchaser Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees with an opinion of counsel, reasonably satisfactory to the Trustees, that such disposition will not require registration of such Shares under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (BlackRock Real Asset Equity Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Subscription DECS unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares Subscription DECS under the 1933 Act.
(c) Notwithstanding the to provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(ai) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares under the 1933 Act.
(ciii) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (BlackRock Municipal Target Term Trust)
Further Limitations on Disposition. The Purchaser further ---------------------------------- agrees not to make any disposition directly or indirectly of all or any portion of the Shares Subscription DECS unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares Subscription DECS under the 1933 Act.
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Further Limitations on Disposition. The Purchaser Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(ai) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares under the 1933 Act.
(ciii) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (BlackRock Multi-Sector Income Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Subscription DECS unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(b) or The Purchaser shall have furnished the Trustees Trust with an opinion of counsel, reasonably satisfactory to the TrusteesTrust, that such disposition will not require registration of such Shares Subscription DECS under the 1933 Act.
(c) . Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares Securities unless and until:
(a) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or;
(b) The Purchaser shall have furnished the Trustees with an opinion of counsel, reasonably satisfactory to the Trustees, that such disposition will not require registration of such Shares Securities under the 1933 Act.;
(c) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract
Samples: Subscription Agreement (Second Automatic Common Exchange Security Trust)
Further Limitations on Disposition. The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:
(ai) There is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
(bii) The Purchaser shall have furnished the Trustees Corporation with an opinion of counsel, reasonably satisfactory to the TrusteesCorporation, that such disposition will not require registration of such Shares under the 1933 Act.
(ciii) Notwithstanding the provisions of subsections (a) and (b) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Purchaser to any affiliate of the Purchaser, if the transferee agrees in writing to be subject to the terms hereof to the same extent as if it were the original Purchaser hereunder.
Appears in 1 contract