Variable Rate Mode Supplement definition

Variable Rate Mode Supplement means the Supplement included as Appendix A to the Statement relating to the Initial Mode, as it may be amended or supplemented from time to time.

Variable Rate Mode Supplement means the Supplement included as Appendix A to the Statement relating to the Initial Mode, as supplemented by the Offered Series B MFP Supplement, and as it may be further amended or supplemented from time to time.

Examples of Variable Rate Mode Supplement in a sentence

• The Fund and the Purchaser agree that the representations, warranties, covenants and agreements contained in this Agreement are in addition to the terms and provisions set forth in the Statement and the Variable Rate Mode Supplement.

• The Fund shall use its commercially reasonable best efforts to engage at all times a Tender and Paying Agent to perform the duties to be performed by the Tender and Paying Agent specified herein and in the Variable Rate Mode Supplement.

• To the extent that, collectively, the Purchaser and its affiliates are the Holders or Beneficial Owners of 51% of the MFP Shares, without the prior written consent of the Purchaser, the Fund will not agree to, consent to or permit any amendment, supplement, modification or repeal of the Statement or the designation of the Variable Rate Mode to which this Agreement relates or the Variable Rate Mode Supplement or any provision of either thereof, nor waive any provision of either thereof.

• The Purchaser acknowledges that all of the MFP Shares will be subject to Mandatory Tender in connection with Transition Remarketing in accordance with Article 3 of the Variable Rate Mode Supplement.

• If required based on such calculations, the Fund shall restore, as applicable, the Minimum VRM Asset Coverage as provided in Section 2.3(c)(i) of the Variable Rate Mode Supplement and Effective Leverage Ratio as provided in Section 2.3(c)(ii) of the Variable Rate Mode Supplement.