Common use of Purchase, Exchange and Transfer of the New VMTP Shares Clause in Contracts

Purchase, Exchange and Transfer of the New VMTP Shares. (a) On the Effective Date (1) Banc of America or a representative thereof duly authorized to act on its behalf will transfer to the Fund 000 Xxx XXXX Shares, in exchange for the issuance by the Fund to Xxxx xx Xxxxxxx xx 000 Xxx XXXX Shares, and (2) Banc of America will pay to the Fund the Cash Purchase Price in immediately available funds, in exchange for 000 Xxx XXXX Shares, with each such transfer and issuance effected through the account of its agent at the Securities Depository.

Purchase, Exchange and Transfer of the New VMTP Shares. (a) On the Effective Date (1) Banc of America or a representative thereof duly authorized to act on its behalf will transfer to the Fund 000 Xxx XXXX 1,250 Old VMTP Shares, in exchange for the issuance by the Fund to Xxxx xx Xxxxxxx xx 000 Xxx XXXX Banc of America of 1,250 New VMTP Shares, and (2) Banc of America will pay to the Fund the Cash Purchase Price in immediately available funds, in exchange for 000 Xxx XXXX Shares, with each such transfer and issuance effected through the account of its agent at the Securities Depository.

Purchase, Exchange and Transfer of the New VMTP Shares. (a) On the Effective Date (1) Banc of America or a representative thereof duly authorized to act on its behalf will transfer to the Fund 000 Xxx XXXX 2,650 Old VMTP Shares, in exchange for the issuance by the Fund to Xxxx xx Xxxxxxx xx 000 Xxx XXXX Banc of America of 2,650 New VMTP Shares, and (2) Banc of America will pay to the Fund the Cash Purchase Price in immediately available funds, in exchange for 000 Xxx XXXX Shares, with each such transfer and issuance effected through the account of its agent at the Securities Depository.

Purchase, Exchange and Transfer of the New VMTP Shares. (a) On the Effective Date (1) Banc of America or a representative thereof duly authorized to act on its behalf will transfer to the Fund 000 Xxx XXXX 1,670 Old VMTP Shares, in exchange for the issuance by the Fund to Xxxx xx Xxxxxxx xx 000 Xxx XXXX Banc of America of 1,670 New VMTP Shares, and (2) Banc of America will pay to the Fund the Cash Purchase Price in immediately available funds, in exchange for 000 Xxx XXXX Shares, with each such transfer and issuance effected through the account of its agent at the Securities Depository.