Future Agreements. Unless advised in a legal opinion of nationally recognized counsel that entry into such an agreement would violate Applicable Law or the fiduciary duties of the Board of Directors, the Fund shall promptly enter into an agreement, complying with Applicable Law, of the type specified in Section 12(d)(1)(E)(iii) of the 1940 Act as agreed to by the Fund and the tender option bond trust in their commercially reasonable discretion upon any transfer of the VMTP Preferred Shares to a tender option bond trust.
Appears in 6 contracts
Samples: Variable Rate Muni Term Preferred Shares Purchase Agreement (Jpmorgan Chase & Co), Variable Rate Muni Term Preferred Shares Purchase Agreement (Jpmorgan Chase & Co), Variable Rate Muni Term Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)
Future Agreements. Unless advised in a legal opinion of nationally recognized counsel that entry into such an agreement would violate Applicable Law or the fiduciary duties of the Board of DirectorsTrustees, the Fund shall promptly enter into an agreement, complying with Applicable Law, of the type specified in Section 12(d)(1)(E)(iii) of the 1940 Act as agreed to by the Fund and the tender option bond trust in their commercially reasonable discretion upon any transfer of the VMTP Preferred Shares to a tender option bond trust.
Appears in 3 contracts
Samples: Variable Rate Muni Term Preferred Shares Purchase Agreement (Jpmorgan Chase & Co), Variable Rate Muni Term Preferred Shares Purchase Agreement (Jpmorgan Chase & Co), Variable Rate Muni Term Preferred Shares Purchase Agreement (Jpmorgan Chase & Co)
Future Agreements. Unless advised in a legal opinion of nationally recognized counsel that entry into such an agreement would violate Applicable Law or the fiduciary duties of the Board of DirectorsTrustees, the Fund shall shall, promptly upon the request of the Purchaser, enter into an agreement, complying with Applicable Law, of the type specified in satisfying Section 12(d)(1)(E)(iii) of the 1940 Act as agreed to by the Fund and the such tender option bond trust in their commercially reasonable discretion upon any transfer of the VMTP Preferred Shares to a tender option bond trust.
Appears in 3 contracts
Samples: Variable Rate Muni Term Preferred Shares Purchase Agreement (Royal Bank of Canada), Variable Rate Muni Term Preferred Shares Purchase Agreement (Royal Bank of Canada), Variable Rate Muni Term Preferred Shares Purchase Agreement (Royal Bank of Canada)
Future Agreements. Unless advised in a legal opinion of nationally recognized counsel that entry into such an agreement would violate Applicable Law or the fiduciary duties of the Board of Directors, the Fund shall promptly promptly, upon the request of the Purchaser, enter into an agreement, complying with Applicable Law, of the type specified in Section 12(d)(1)(E)(iii) of the 1940 Act as agreed to by the Fund and the tender option bond trust in their commercially reasonable discretion upon any transfer of the VMTP Preferred Shares to a tender option bond trust.
Appears in 1 contract
Samples: Variable Rate Muni Term Preferred Shares Purchase and Exchange Agreement (Wells Fargo & Company/Mn)
Future Agreements. Unless advised in a legal opinion of nationally recognized counsel that entry into such an agreement would violate Applicable Law or the fiduciary duties of the Board of DirectorsTrustees, the Fund shall shall, promptly upon the request of the TDI Purchaser, enter into an agreement, complying with Applicable Law, of the type specified in satisfying Section 12(d)(1)(E)(iii) of the 1940 Act as agreed to by the Fund and the such tender option bond trust in their commercially reasonable discretion upon any transfer of the VMTP Preferred Shares to a tender option bond trust.
Appears in 1 contract
Samples: Variable Rate Muni Term Preferred Shares Purchase Agreement (Toronto Dominion Investments, Inc.)
Future Agreements. Unless advised in a legal opinion of nationally recognized counsel that entry into such an agreement would violate Applicable Law or the fiduciary duties of the Board of DirectorsTrustees, the Fund shall promptly promptly, upon the request of the Purchaser, enter into an agreement, complying with Applicable Law, of the type specified in and satisfying Section 12(d)(1)(E)(iii) of the 1940 Act as agreed to by the Fund and the tender option bond trust in their commercially reasonable discretion upon any transfer of the VMTP Preferred RVMTP Shares to a tender option bond trust.
Appears in 1 contract
Samples: Remarketable Variable Rate Muni Term Preferred Shares Purchase Agreement (Wells Fargo & Company/Mn)
Future Agreements. Unless advised in a legal opinion of nationally recognized counsel that entry into such an agreement would violate Applicable Law or the fiduciary duties of the Board of Directors, the Fund shall promptly promptly, upon the request of the Purchaser, enter into an agreement, complying with Applicable Law, of the type specified in and satisfying Section 12(d)(1)(E)(iii) of the 1940 Act as agreed to by the Fund and the tender option bond trust in their commercially reasonable discretion upon any transfer of the VMTP Preferred Shares to a tender option bond trust.
Appears in 1 contract
Samples: Variable Rate Muni Term Preferred Shares Purchase Agreement (Wells Fargo & Company/Mn)
Future Agreements. Unless advised in a legal opinion of nationally recognized counsel that entry into such an agreement would violate Applicable Law or the fiduciary duties of the Board of DirectorsTrustees, the Fund shall promptly promptly, upon the request of the Purchaser, enter into an agreement, complying with Applicable Law, of the type specified in and satisfying Section 12(d)(1)(E)(iii) of the 1940 Act as agreed to by the Fund and the tender option bond trust in their commercially reasonable discretion upon any transfer of the VMTP Preferred Shares to a tender option bond trust.
Appears in 1 contract
Samples: Variable Rate Muni Term Preferred Shares Purchase Agreement (Wells Fargo & Company/Mn)