Common use of Ownership of Preferred Shares Clause in Contracts

Ownership of Preferred Shares. and Submission of Bids by The Fund and its Affiliates. The Fund shall notify the Auction Agent if to the best of the Fund's knowledge, any Affiliate of the Fund becomes a Beneficial Owner of any Preferred Shares, except as set forth in the next sentence. An Affiliate of the Fund that is a Broker-Dealer may submit a Sell Order or Bid on behalf of a Beneficial Owner or a Potential Beneficial Owner. For purposes of this Section 2.6, a Broker-Dealer shall not be an affiliate solely because one or more of the directors or executive officers of the Broker - Dealer or of any person controlled by, in control of or under common control with such Broker-Dealer is a director of the Fund. The Auction Agent shall have no duty or liability with respect to enforcement of this Section 2.6.

Ownership of Preferred Shares. and Submission of Bids by The Fund and its Affiliates. The Fund shall notify the Auction Agent if to the best of the Fund's ’s knowledge, any Affiliate of the Fund becomes a Beneficial Owner of any Preferred Shares, except as set forth in the next sentence. An Affiliate of the Fund that is a Broker-Dealer may submit a Sell Order or Bid on behalf of a Beneficial Owner or a Potential Beneficial Owner. For purposes of this Section 2.6, a Broker-Dealer shall not be an affiliate solely because one or more of the directors or executive officers of the Broker - Broker–Dealer or of any person controlled by, in control of or under common control with such Broker-Dealer is a director of the Fund. The Auction Agent shall have no duty or liability with respect to enforcement of this Section 2.6.

Ownership of Preferred Shares. and Submission of Bids by The Fund and its Affiliates. The Fund shall notify the Auction Agent if to the best of the Fund's knowledge, any Affiliate of the Fund becomes a Beneficial Owner of any Preferred Shares, except as set forth in the next sentence. An Affiliate of the Fund that is a Broker-Dealer may submit a Sell Order or Bid on behalf of a Beneficial Owner or a Potential Beneficial Owner. For purposes of this Section 2.6, a Broker-Dealer shall not be an affiliate solely because one or more of the directors or executive officers of the Broker - Broker-Dealer or of any person controlled by, in control of or under common control with such Broker-Dealer is a director of the Fund. The Auction Agent shall have no duty or liability with respect to enforcement of this Section 2.6.