Common use of Independent Clause in Contracts

Independent. The Voting Consultant represents that it is Independent of PFC; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 73 contracts

Samples: Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/)

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Independent. The Voting Consultant represents that it is Independent of PFCXxxxx; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 21 contracts

Samples: Voting Trust Agreement (Wells Fargo & Company/Mn), Voting Trust Agreement (Wells Fargo & Company/Mn), Voting Trust Agreement (Wells Fargo & Company/Mn)

Independent. The Voting Consultant represents that it is Independent of PFCDNT; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 9 contracts

Samples: Voting Trust Agreement (Jpmorgan Chase & Co), Voting Trust Agreement (Jpmorgan Chase & Co), Voting Trust Agreement (Jpmorgan Chase & Co)

Independent. The Voting Consultant represents that it is Independent of PFCPFC and Blue Ridge; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the either Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser Purchasers and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the either Purchaser. If the Voting Consultant notifies the Purchaser Purchasers that it is no longer Independent of the either Purchaser, the Purchaser Purchasers shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 8 contracts

Samples: Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/)

Independent. The Voting Consultant represents that it is Independent of PFCthe Purchaser; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming so aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 5 contracts

Samples: Voting Trust Agreement (Blackrock Muniyield New Jersey Fund, Inc.), Voting Trust Agreement (Blackrock Muniyield New Jersey Fund, Inc.), Voting Trust Agreement (Blackrock Muniyield Pennsylvania Quality Fund)

Independent. The Voting Consultant represents that it is Independent of PFC[Purchaser]; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 4 contracts

Samples: Voting Trust Agreement (Invesco Van Kampen Municipal Opportunity Trust), Voting Trust Agreement (Invesco Van Kampen Municipal Trust), Voting Trust Agreement (Invesco Quality Municipal Income Trust)

Independent. The Voting Consultant represents that it is Independent of PFCRBC; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 3 contracts

Samples: Voting Trust Agreement (Royal Bank of Canada), Voting Trust Agreement (Royal Bank of Canada), Voting Trust Agreement (Royal Bank of Canada)

Independent. The Voting Consultant represents that it is Independent of PFCthe Purchaser; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days business days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 3 contracts

Samples: Voting Trust Agreement (Abu Dhabi Investment Authority), Voting Trust Agreement (Abu Dhabi Investment Authority), Voting Trust Agreement (Abu Dhabi Developmental Holding Co PJSC)

Independent. The Voting Consultant represents that it is Independent of PFCJPMorgan; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 2 contracts

Samples: Voting Trust Agreement (Blackrock Municipal Income Fund, Inc.), Voting Trust Agreement (Blackrock Muniholdings Fund, Inc.)

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Independent. The Voting Consultant represents that it is Independent of PFCWFBCS and Xxxxx; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the either Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser Purchasers and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the either Purchaser. If the Voting Consultant notifies the Purchaser Purchasers that it is no longer Independent of the either Purchaser, the Purchaser Purchasers shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 1 contract

Samples: Voting Trust Agreement (Wells Fargo & Company/Mn)

Independent. The Voting Consultant represents that it is Independent of PFCJPMorgan; provided, however, if If the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 1 contract

Samples: Voting Trust Agreement (Blackrock Municipal Income Trust Ii)

Independent. The Voting Consultant represents that it is Independent of PFC; [Purchaser] provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 1 contract

Samples: Voting Trust Agreement (Invesco Van Kampen Trust for Investment Grade New York Municipals)

Independent. The Voting Consultant represents that it is Independent of PFCthe Purchaser; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser. If the Voting Consultant notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 1 contract

Samples: Voting Trust Agreement (Deutsche Bank Ag\)

Independent. The Voting Consultant represents that it is Independent of PFCPFC and Blue Ridge; provided, however, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the any Purchaser, the Voting Consultant shall promptly, and in no event later than two Business Days after becoming aware, notify the Purchaser Purchasers and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the such Purchaser. If the Voting Consultant notifies the Purchaser Purchasers that it is no longer Independent of the Purchaserall Purchasers, the Purchaser Purchasers shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.

Appears in 1 contract

Samples: Voting Trust Agreement (Bank of America Corp /De/)

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