Purchased VRDP Shares definition

Purchased VRDP Shares means all shares of a Series of VRDP Shares purchased by the Liquidity Provider pursuant to the VRDP Shares Purchase Agreement, so long as the Liquidity Provider continues to be the beneficial owner for federal income tax purposes of such VRDP Shares.
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Purchased VRDP Shares means all VRDP Shares purchased by the Liquidity Provider pursuant to the VRDP Purchase Agreement, so long as such VRDP Shares are owned by the Liquidity Provider.
Sample 1
Purchased VRDP Shares means all VRDP Shares purchased by the Liquidity Provider pursuant to the VRDP Purchase Agreement, so long as such VRDP Shares are owned by the Liquidity Provider.
Sample 1

Examples of Purchased VRDP Shares in a sentence

  • Accordingly, BANA has acknowledged that (i) such purchase of the VRDP Shares by BANA does not constitute a Failed Remarketing Condition-Purchased VRDP Shares, and (ii) except as provided in “Additional Provisions Relating to the Termination of Special Rate Period” in the Notice of Special Rate Period, the beneficial ownership of such VRDP Shares by BANA shall not require a Failed Remarketing Condition- Purchased VRDP Shares Redemption.

  • The Corporation shall cause the Custodian not to permit any lien, security interest or encumbrance to be created or permitted to exist on or in respect of any Liquidity Account Investments included in the Liquidity Account for any Purchased VRDP Shares, other than liens, security interests or encumbrances arising by operation of law and any lien of the Custodian with respect to the payment of its fees or repayment for its advances.

  • The Deposit Securities included in the Liquidity Account for any Purchased VRDP Shares may be applied by the Corporation, in its discretion, towards payment of the Redemption Price for such Purchased VRDP Shares.

Related to Purchased VRDP Shares

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Purchased Units has the meaning specified in Section 2.01.

  • Purchased Interests has the meaning set forth in the Recitals.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Sale Shares means [Insert total number of shares of the Company] Shares, representing 100 percent of the total issued, subscribed and fully paid-up equity share capital of the Company held by the Shares Seller and Nominees as more particularly described in Annexure A attached hereto;

  • Purchased Securities has the meaning assigned in the Terms;

  • Company Shares means the common shares in the capital of the Company;

  • Target Shares means common shares in the capital of Target, as currently constituted;

  • Transferred Interests has the meaning set forth in the Recitals.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Membership Interests has the meaning set forth in the recitals.