Common use of Ownership of Preferred Shares Clause in Contracts

Ownership of Preferred Shares. and Submission of Bids by the Fund and -------------------------------------------------------------------- Its Affiliates. --------------- Neither the Fund nor any Affiliate of the Fund may submit an Order in any Auction, except that an affiliate of the Fund that is a Broker-Dealer may submit an Order. The Fund shall notify the Auction Agent if the Fund or, to the best of the Fund's knowledge, any Affiliate of the Fund becomes a Beneficial Owner of any Preferred Shares. Pursuant to the Amended and Restated Bylaws of the Fund, the Fund and the Fund's Affiliates shall be prohibited from reissuing and its affiliates (other than an Underwriter) will be prohibited from transferring (other than to the Fund or pursuant to an Auction) any Preferred Shares they may acquire. The restrictions in this paragraph shall in no way limit the activities of the Auction Agent. 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. --------------- Neither the Fund nor any Affiliate of the Fund may submit an Order in any Auction, except that an affiliate of the Fund Affiliate that is a Broker-Dealer may submit an Order. The Fund shall notify the Auction Agent if the Fund or, to the best of the Fund's knowledge, any Affiliate of the Fund becomes a Beneficial Owner of any Preferred Shares. Pursuant to the Second Amended and Restated Bylaws of the Fund, the Fund and the Fund's its Affiliates shall be prohibited from reissuing and its affiliates Affiliates (other than an Underwriter) will be prohibited from transferring (other than to the Fund or pursuant to an Auction) any Preferred Shares they may acquire. The restrictions in this paragraph Section 2.6 shall in no way limit the activities of the Auction Agent. 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. --------------- Neither the Fund nor any Affiliate of the Fund may submit an Order in any Auction, except that an affiliate of the Fund Affiliate that is a Broker-Dealer may submit an Order. The Fund shall notify the Auction Agent if the Fund or, to the best of the Fund's knowledge, any Affiliate of the Fund becomes a Beneficial Owner of any Preferred Shares. Pursuant to the Third Amended and Restated Bylaws of the Fund, the Fund and the Fund's its Affiliates shall be prohibited from reissuing and its affiliates Affiliates (other than an Underwriter) will be prohibited from transferring (other than to the Fund or pursuant to an Auction) any Preferred Shares they may acquire. The restrictions in this paragraph Section 2.6 shall in no way limit the activities of the Auction Agent. 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 its Affiliates. --------------- ----------------------------------------------------------------------- Neither the Fund nor any Affiliate of the Fund may submit an Order in any Auction, except that an affiliate Affiliate of the Fund that is a Broker-Dealer may submit an Order, but only if such Orders are not for its own account. The Fund shall notify the Auction Agent if the Fund or, to the best of the Fund's knowledge, any Affiliate of the Fund becomes a Beneficial Owner of any Preferred Shares. Pursuant to the Amended and Restated Bylaws Statement of the Fund, the Fund and the Fund's Affiliates shall be prohibited from reissuing and its affiliates (other than an Underwriter) Affiliates will be prohibited from transferring (other than to the Fund or pursuant to an Auction) any Preferred Shares they may acquire; provided that this provision does not prevent a person who is an Affiliate of the Fund from acting as an underwriter in the initial offering of the Preferred Shares. The restrictions in this paragraph Section 2.7 shall in no way limit the activities of the Auction Agent. The Auction Agent shall have no duty or liability with respect to enforcement of this Section 2.62.7.