Common use of Issuance of Preferred Shares Clause in Contracts

Issuance of Preferred Shares. The parties acknowledge that certain Funds intend to issue series of preferred shares to be designated as MuniFund Term Preferred (“MTP”) Shares, Variable Rate MuniFund Term Preferred (“VMTP’’) Shares, Variable Rate Term Preferred (“VRTP”) Shares, Term Preferred Shares (“TPS”), or Adjustable Rate MuniFund Term Preferred Share (“AMTP” and collectively with MTP, VMTP, VRTP, and TPS, the “Preferred Shares”), pursuant to a Statement Establishing and Fixing the Rights and Preferences of the applicable Shares (each, a “Statement”), a copy of which shall be provided to Transfer Agent by the Fund. In connection with such Statement, Transfer Agent has agreed to perform the obligations of Redemption and Paying Agent as described in such Statement and provide the Services solely as set forth herein in Sections 3 and 4, as applicable. MTP, VMTP. VRPT, TPS, and AMTP Funds (per Fund)** $xxxxx Monthly Administrative Fee $xxxxx Monthly Fee per Additional Series of Shares $xxxxx Per Cusip - Full Redemption $xxxxx Per Cusip - Partial Redemption **If at any time Shares of any Fund are not held by The Depository Trust Company (“DTC”) as the sole registered Shareholder in book-entry form through the Direct Registration System (“DRS”), Transfer Agent shall have the right to propose an amendment to the foregoing fees to reflect the additional costs related to providing the Services contemplated hereby with respect to additional registered holders of such Shares or shall have the right to terminate its Services hereunder with respect to such Shares of such Fund only, upon 90 days’ prior written notice. In addition, if such amendment is not acceptable to such Fund, it may terminate Transfer Agent’s services with respect to such Shares of such Fund only, on 90 days’ prior written notice.

Issuance of Preferred Shares. The parties acknowledge that certain Funds intend to issue series of preferred shares to be designated as MuniFund Term Preferred (“MTP”) Shares, Variable Rate MuniFund Term Preferred (“VMTP’’) Shares, Variable Rate Term Preferred (“VRTP”) Shares, Term Preferred Shares (“TPS”), or Adjustable Rate MuniFund Term Preferred Share (“AMTP” and collectively with MTP, VMTP, VRTP, and TPS, the “Preferred Shares”), pursuant to a Statement Establishing and Fixing the Rights and Preferences of the applicable Shares (each, a “Statement”), a copy of which shall be provided to Transfer Agent by the Fund. In connection with such Statement, Transfer Agent has agreed to perform the obligations of Redemption and Paying Agent as described in such Statement and provide the Services solely as set forth herein in Sections 3 and 4, as applicable. MTP, VMTP. VRPT, TPS, and AMTP Funds (per Fund)** $xxxxx Monthly Administrative Fee $xxxxx Monthly Fee per Additional Series of Shares $xxxxx Per Cusip - Full Redemption $xxxxx Per Cusip - Partial Redemption *** If at any time Shares of any Fund are not held by The Depository Trust Company (“DTC”) as the sole registered Shareholder in book-entry form through the Direct Registration System (“DRS”), Transfer Agent shall have the right to propose an amendment to the foregoing fees to reflect the additional costs related to providing the Services contemplated hereby with respect to additional registered holders of such Shares or shall have the right to terminate its Services hereunder with respect to such Shares of such Fund only, upon 90 days’ prior written notice. In addition, if such amendment is not acceptable to such Fund, it may terminate Transfer Agent’s services with respect to such Shares of such Fund only, on 90 days’ prior written notice.

Issuance of Preferred Shares. The parties acknowledge that certain Funds intend to issue series of preferred shares to be designated as MuniFund Term Preferred (“MTP”) Shares, Variable Rate MuniFund Term Preferred (“VMTP’’”) Shares, Variable Rate Term Preferred (“VRTP”) Shares, Term Preferred Shares (“TPS”), or Adjustable Rate MuniFund Term Preferred Share (“AMTP” and collectively with MTP, VMTP, VRTP, and TPS, the “Preferred Shares”), pursuant to a Statement Establishing and Fixing the Rights and Preferences of the applicable Shares (each, a “Statement”), a copy of which shall be provided to Transfer Agent by the Fund. In connection with such Statement, Transfer Agent has agreed to perform the obligations of Redemption and Paying Agent as described in such Statement and provide the Services solely as set forth herein in Sections 3 and 4, as applicable. MTP, VMTP. VRPT, TPS, and AMTP Funds (per Fund)** $xxxxx Monthly Administrative Fee $xxxxx Monthly Fee per Additional Series of Shares $xxxxx Per Cusip - Full Redemption $xxxxx Per Cusip - Partial Redemption **If at any time Shares of any Fund are not held by The Depository Trust Company (“DTC”) as the sole registered Shareholder in book-entry form through the Direct Registration System (“DRS”), Transfer Agent shall have the right to propose an amendment to the foregoing fees to reflect the additional costs related to providing the Services contemplated hereby with respect to additional registered holders of such Shares or shall have the right to terminate its Services hereunder with respect to such Shares of such Fund only, upon 90 days’ prior written notice. In addition, if such amendment is not acceptable to such Fund, it may terminate Transfer Agent’s services with respect to such Shares of such Fund only, on 90 days’ prior written notice.