Common use of Authorized Issued and Outstanding Shares Clause in Contracts

Authorized Issued and Outstanding Shares. The Trust agrees to notify MBIA promptly of any change in the number of authorized Shares and of any change in the number of Shares registered under the 1933 Act, as amended or termination of the Trust's declaration under Rule 24f-2 of the 1940 Act. The Trust has advised MBIA, as of the date hereof, of the number of Shares (i) held in any redemption or repurchase account, and (ii) registered under the 1933 Act, as amended, which are unsold. In the event that the Trust shall declare a stock dividend, a stock split or a reverse stock split, the Trust shall deliver to MBIA a certificate, upon which MBIA shall be entitled to rely for all purposes, certifying (i) the number of Shares involved, (ii) that all appropriate corporate action has been taken, and (iii) that any amendment to the Declaration of Trust of the Trust which may be required has been filed and is effective. Such certificate shall be accompanied by an opinion of counsel to the Trust relating to the legal adequacy and effect of the transaction.

Authorized Issued and Outstanding Shares. The Trust agrees to notify MBIA Xxxxxx Square promptly of any change in the number of authorized Shares and of any change in the number of Shares registered under the 1933 ActSecurities Act of 1933, as amended (the "1933 Act") or termination of the Trust's declaration under Rule 24f-2 of the 1940 Act. The Trust has advised MBIAXxxxxx Square, as of the date hereof, of the number of Shares (ia) held in any redemption or repurchase account, and (iib) registered under the 1933 Act, as amended, which are unsold. In the event that the Trust shall declare a stock dividend, a stock split dividend or a reverse stock split, the Trust shall deliver to MBIA Xxxxxx Square a certificate, upon which MBIA Xxxxxx Square shall be entitled to rely for all purposes, certifying (ia) the number of Shares involved, (iib) that all appropriate corporate action has been taken, and (iiic) that any amendment to the Agreement and Declaration of Trust of the Trust which may be required has been filed and is effective. Such certificate shall be accompanied by an opinion of counsel to the Trust relating to the legal adequacy and effect of the transaction.

Authorized Issued and Outstanding Shares. The Trust agrees to notify MBIA RSMC promptly of any change in on the number of authorized Shares and of any change changes in the number manner of Shares registered under the 1933 ActSecurities Act of 1933, as amended or termination of the Trust's declaration under Rule 24f-2 of the 1940 Act. The Trust has advised MBIARSMC, as of the date hereof, of the number of Shares (i) held in any redemption or repurchase account, and (ii) registered under the 1933 ActSecurities Act of 1933, as amended, which are unsold. In the event that the Trust shall declare a stock dividend, a stock split dividend or a reverse stock split, the Trust shall deliver to MBIA RSMC a certificate, upon which MBIA RSMC shall be entitled to rely for all purposes, certifying (i) the number of Shares involved, (ii) that all appropriate corporate action has been taken, and (iii) that any amendment to the Declaration of Trust of the Trust which may be required has been filed and is effective. Such certificate shall be accompanied by an opinion of counsel to the Trust relating to the legal adequacy and effect of the transaction.