Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP Shares) as operating expenses.
(b) On the Effective Date, the Fund shall pay up to $25,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP Shares (the “Voting Trust”).
(c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 2016, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 VRDP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice); and (4) the termination of this Agreement pursuant to Section 7.6 hereof.
(d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the RVMTP Shares) as operating expenses.
(b) The Fund shall pay the reasonable fees and expenses of the Purchaser’s outside counsel in connection with the negotiation and documentation of this Agreement and the transactions contemplated by this Agreement as soon as reasonably practicable, but in any case no later than 10 Business Days following receipt of a valid and complete invoice of such fees submitted to PIMCO and/or the Fund through CounselLink; provided that the Fund shall not be obligated to pay any such reasonable fees and expenses, in the aggregate, in excess of $20,000.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the New VMTP Shares) as operating expenses.
(b) On the Effective Date, the Fund shall pay up to $26,000 of the fees and expenses of Banc of America’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the New VMTP Shares (the “Voting Trust”).
(c) With respect to the fees and expenses described in subsection (b) of this Section 2.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the VMTP Shares) as operating expenses.
(b) The Fund shall pay the reasonable fees and expenses of the Purchasers’ outside counsel in connection with the negotiation and documentation of the transactions contemplated by this Agreement (i) no later than the Effective Date, upon receipt by the Investment Manager of a valid and complete invoice with respect to such reasonable fees and expenses (or a portion thereof) that is submitted to PIMCO and/or the Fund through CounselLink not less than five (5) Business Days prior to the Effective Date and/or (ii) no later than 20 Business Days following the Effective Date, upon receipt by the Investment Manager of a valid and complete invoice with respect to such reasonable fees and expenses (or a portion thereof) that is submitted to PIMCO and/or the Fund through CounselLink less than five (5) Business Days prior to the Effective Date; provided that the Fund shall not be obligated to pay any such reasonable fees and expenses in excess of the product of (A) $350,000 multiplied by (B) a fraction, the numerator of which is equal to the Purchase Price, and the denominator of which is equal to the gross proceeds from the sale of Variable Rate MuniFund Term Preferred Shares on the Effective Date issued by all closed-end funds advised by the Investment Manager and purchased by the Purchasers.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the VMTP Shares) as operating expenses.
(b) On or before the Effective Date with respect to any issuance of VMTP Shares, the Fund shall pay the fees and expenses of the Closing Date Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the VMTP Shares (the “Voting Trust”) and any amendments or modifications required in connection with the issuance of the Additional VMTP Shares.
(c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ended December 31, 2018, of the fees and expenses incurred by Xxxxx Fargo in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) Xxxxx Fargo’s transfer or sale of all of the VMTP Shares; (3) the Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof.
(d) With respect to the fees and expenses described in subsection (c) of this Section 2.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the MFP Shares) as operating expenses.
(b) The Fund shall pay up to $40,000 of the reasonable fees and expenses, in each case documented in detail and reasonably satisfactory to the Fund, of the Purchaser’s outside counsel in connection with the negotiation and documentation of the transactions contemplated by this Agreement, to be invoiced on or about the Effective Date and paid reasonably promptly thereafter.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the MFP Shares) as operating expenses.
(b) On the Effective Date, the Fund shall pay up to $40,000 of the fees and expenses of the Purchaser's outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the MFP Shares (the "Voting Trust").
(c) With respect to the fees and expenses described in subsection (b) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the VMTP Shares) as operating expenses.
(b) On the Effective Date, the Fund shall pay up to $40,000 of the fees and expenses of Xxxxx Fargo’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the VMTP Shares (the “Voting Trust”).
(c) The Fund shall pay up to [$16,250] annually, beginning with the calendar year ending December 31, 2014, of the fees and expenses incurred by Xxxxx Fargo in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) Xxxxx Fargo’s transfer or sale of all of the VMTP Shares; (3) the Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof.
(d) With respect to the fees and expenses described in subsection (c) of this Section 2.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the VMTP Shares) as operating expenses.
(b) [Reserved.]
(c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ended December 31, 2023, of the fees and expenses incurred by BAPFC in connection with ongoing maintenance and operation of a voting trust to be formed with respect to the VMTP Shares (the "Voting Trust"), until the earliest to occur of (1) the termination of the Voting Trust; (2) BAPFC's transfer or sale of all of the VMTP Shares; (3) the Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof.
(d) With respect to the fees and expenses described in subsection (c) of this Section 2.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice, which invoice may be delivered directly to Fund by third party Voting Trust providers. For avoidance of doubt, the Fund's responsibilities with respect to the fees and expenses described in subsections (b) and (c) are exclusive of each other.
Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 1 VRDP Shares) as operating expenses.
(b) The Fund shall pay up to $35,000 of the fees and expenses of the Purchaser’s outside counsel in connection with the negotiation and documentation of the transactions contemplated by this Agreement.
