Common use of Purchase Obligation Clause in Contracts

Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 VRDP Shares do not have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).

Appears in 3 contracts

Samples: Series 1 Variable Rate Demand Preferred Shares (Vrdp) Remarketing Purchase Agreement (Toronto Dominion Investments, Inc.), Purchase Agreement (Toronto Dominion Investments, Inc.), Purchase and Exchange Agreement (Wells Fargo & Company/Mn)

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Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 3 VRDP Shares do not have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).

Appears in 2 contracts

Samples: Purchase Agreement (Wells Fargo & Company/Mn), Purchase Agreement (Wells Fargo & Company/Mn)

Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 2 VRDP Shares do not have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).

Appears in 2 contracts

Samples: Series 2 Variable Rate Demand Preferred Shares (Vrdp) Remarketing Purchase Agreement (Wells Fargo & Company/Mn), Remarketing Purchase Agreement (Wells Fargo & Company/Mn)

Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 VRDP Shares do not at the time of purchase have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).

Appears in 1 contract

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

Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 VRDP Shares do not currently have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).

Appears in 1 contract

Samples: Series 1 Variable Rate Demand Preferred Shares Purchase Agreement (Wells Fargo & Company/Mn)

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Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 8 VRDP Shares do not have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).

Appears in 1 contract

Samples: Purchase Agreement (Wells Fargo & Company/Mn)

Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 2 VRDP Shares do not currently have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).

Appears in 1 contract

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

Purchase Obligation. The Fund and the Purchaser acknowledge and agree that the Series 1 5 VRDP Shares do not have the benefit of a demand feature pursuant to any Purchase Obligation (as defined in the Statement).

Appears in 1 contract

Samples: Purchase Agreement (Wells Fargo & Company/Mn)

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