Common use of Agreements of the Parties Clause in Contracts

Agreements of the Parties. (a) The Fund will advise the Underwriters and the Investment Advisers (1) of the issuance by the Commission or the Commodity Futures Trading Commission (the “CFTC”) of any order to the Fund or the Investment Advisers which relates to the Fund (or as soon as the Fund has actual knowledge of such order), (2) of receipt by the Fund of any notice of the initiation or threatening of any proceedings for or the issuance of any order by the Commission or the CFTC suspending approval of the transactions contemplated herein, and (3) of receipt by the Fund or any representatives or attorney of the Fund of any other communication from the Commission or the CFTC relating to the Fund or to the transactions contemplated herein except for routine communication occurring more than one year from the date of this Underwriting Agreement. The Fund will make every reasonable effort to prevent the issuance of an order suspending the approval of the Fund and the transactions contemplated herein and, if any such order is issued, to use its best reasonable efforts to obtain its lifting as soon as possible.

Appears in 7 contracts

Samples: Underwriting Agreement (Puerto Rico Residents Tax-Free Fund V, Inc.), Underwriting Agreement (Puerto Rico Residents Tax-Free Fund IV, Inc.), Underwriting Agreement (Puerto Rico Residents Tax-Free Fund III, Inc.)

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