Common use of Maryland Control Share Acquisition Act Clause in Contracts

Maryland Control Share Acquisition Act. The Fund and the Board of Directors shall not take any actions that would cause the VMTP Preferred Shares to be subject to Title 3, Subtitle 7 of the Maryland General Corporation Law, known as the Maryland Control Share Acquisition Act.

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)

AutoNDA by SimpleDocs

Maryland Control Share Acquisition Act. The Fund and the Board of Directors shall not take any actions that would cause the VMTP Preferred Shares to be subject to Title 3, Subtitle 7 of the Maryland General Corporation Law, known as the Maryland Control Share Acquisition Act.

Appears in 2 contracts

Samples: VMTP Purchase Agreement (Bank of America Corp /De/), VMTP Purchase Agreement (Bank of America Corp /De/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!