VMTP Preferred Shares definition

VMTP Preferred Shares has the meaning set forth in the recitals to this Agreement.
Sample 1Sample 2Sample 3
VMTP Preferred Shares means the shares of Series W-7 Variable Rate Muni Term Preferred Shares of the Fund, with par value of U.S. $0.1 per share and a liquidation preference of U.S. $100,000.
Sample 1Sample 2Sample 3
VMTP Preferred Shares means the shares of Series W-7 Variable Rate Muni Term Preferred Shares of the Fund, with par value of
Sample 1

Examples of VMTP Preferred Shares in a sentence

  • No failure or delay by the Fund or the Shareholder in exercising any right, power or privilege under or in respect of the VMTP Preferred Shares shall affect the rights, powers or privileges of the Fund or the Shareholder hereunder or shall operate as a limitation or waiver thereof.

  • The Fund understands that nothing in this Agreement, the Information Statement, any other materials presented to the Fund in connection with the purchase and sale of the Original VMTP Preferred Shares or the Exchange for the New VMTP Preferred Shares constitutes legal, tax or investment advice from the Purchaser.

  • The Fund and the Purchaser previously entered into the Original Purchase Agreement, pursuant to which the Purchaser acquired the 2,540 Original VMTP Preferred Shares sold on initial issuance in a transaction (which, based upon the representations of the Fund and the Purchaser therein, was exempt from registration under the Securities Act).

  • Notwithstanding anything expressed or implied in this Agreement to the contrary, nothing in this Agreement shall confer upon any Holder any rights to dividends on, or a redemption of, VMTP Preferred Shares (other than the rights provided to Holders under the Articles Supplementary) or any rights which would result in the VMTP Preferred Shares owned or held by such Holder having priority over VMTP Preferred Shares owned or held by any other person as to distribution of assets or payment of dividends.

  • The Fund has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with its sale of the VMTP Preferred Shares.

  • No failure or delay by the Fund or the Shareholder in exercising any right, power or privilege hereunder or under the VMTP Preferred Shares shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

  • Neither the Fund nor the Shareholder may assign or otherwise transfer any of its rights or obligations under this Agreement, without the prior written consent of the other Party (other than by merger or operation of law) except that prior to the VMTP Preferred Shares being registered under the Securities Act, any transferee of VMTP Preferred Shares in a valid transfer recognized by or required to be recognized by the Fund shall have the rights of a Holder hereunder.

  • On the Closing Date the Purchaser will acquire through an exchange for the Exchange Shares pursuant to each Reorganization (the “Exchange”) 2,724 of the New VMTP Preferred Shares on initial issuance (which, based upon the representations of the Fund and the Purchaser herein, is exempt from registration under the Securities Act).

  • The Underwriting Agreement shall provide that in connection with the distribution of Registrable Securities pursuant to the underwriting, no purchaser (other than any underwriters acting as initial purchasers in the underwriting) shall be permitted to acquire more than 25% of the Outstanding VMTP Preferred Shares from the underwriters.

  • Nothing in this Section 7 is intended to limit any party’s obligations contained in other parts of this Agreement or the VMTP Preferred Shares, provided that no amount shall be reimbursed twice in any event.

Related to VMTP Preferred Shares

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Company Preferred Shares shall have the meaning set forth in Section 4.2(a).

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.