NO REDEMPTION UNDER CERTAIN CIRCUMSTANCES. Notwithstanding the provisions of paragraphs (a) or (b) of this Section 11, if any distributions on Preferred Shares (whether or not earned or declared) are in arrears, no Preferred Shares shall be redeemed unless all outstanding shares of the Series are simultaneously redeemed, and the Trust shall not purchase or otherwise acquire any shares of the Series; PROVIDED, HOWEVER, that the foregoing shall not prevent the purchase or acquisition of all outstanding shares of the Series pursuant to the successful completion of an otherwise lawful purchase or exchange offer made on the same terms to, and accepted by, Holders of all outstanding shares of the Series.
Appears in 11 contracts
Samples: RMR Real Estate Fund, RMR Hospitality & Real Estate Fund, RMR F.I.R.E. Fund
NO REDEMPTION UNDER CERTAIN CIRCUMSTANCES. Notwithstanding the provisions of paragraphs subparagraphs (a) or (b) of this Section paragraph 11, if any distributions dividends on shares of a series of Municipal Preferred Shares (whether or not earned or declared) are in arrears, no Preferred Shares shares of such series shall be redeemed unless all outstanding shares of the Series such series are simultaneously redeemed, and the Trust shall not purchase or otherwise acquire any shares of the Seriessuch series; PROVIDEDprovided, HOWEVERhowever, that the foregoing shall not prevent the purchase or acquisition of all outstanding shares of the Series such series pursuant to the successful completion of an otherwise lawful purchase or exchange offer made on the same terms to, and accepted by, Holders of all outstanding shares of the Seriessuch series.
Appears in 8 contracts
Samples: Colonial Insured Municipal Fund, Colonial New York Insured Municipal Fund, Colonial California Insured Municipal Fund
NO REDEMPTION UNDER CERTAIN CIRCUMSTANCES. Notwithstanding the provisions of paragraphs (a) or (b) of this Section 11, if any distributions on Preferred Shares (whether or not earned or declared) are in arrears, no Preferred Shares shall be redeemed unless all outstanding shares of the Series are simultaneously redeemed, and the Trust shall not purchase or otherwise acquire any shares of the Series; PROVIDEDprovided, HOWEVERhowever, that the foregoing shall not prevent the purchase or acquisition of all outstanding shares of the Series pursuant to the successful completion of an otherwise lawful purchase or exchange offer made on the same terms to, and accepted by, Holders of all outstanding shares of the Series.
Appears in 4 contracts
Samples: RMR Dividend Capture Fund, RMR Dividend Capture Fund, RMR Real Estate Fund
NO REDEMPTION UNDER CERTAIN CIRCUMSTANCES. Notwithstanding the provisions of paragraphs (a) or (b) of this Section 11, if any distributions on Preferred Shares (whether or not earned or declared) are in arrears, no Preferred Shares shall be redeemed unless all outstanding shares of the applicable Series are simultaneously redeemed, and the Trust shall not purchase or otherwise acquire any shares of the such Series; PROVIDEDprovided, HOWEVERhowever, that the foregoing shall not prevent the purchase or acquisition of all outstanding shares of the such Series pursuant to the successful completion of an otherwise lawful purchase or exchange offer made on the same terms to, and accepted by, Holders of all outstanding shares of the such Series.
Appears in 3 contracts
Samples: RMR Real Estate Income Fund (RMR Real Estate Income Fund), RMR Real Estate Income Fund (RMR Real Estate Income Fund), RMR Real Estate Income Fund
NO REDEMPTION UNDER CERTAIN CIRCUMSTANCES. Notwithstanding the provisions of paragraphs (a11(a) or (b11(b) of this Section 11Part I, if any distributions dividends on shares of a series of Preferred Shares (whether or not earned or declared) are in arrears, no Preferred Shares shares of such series shall be redeemed unless all outstanding shares of the Series such series are simultaneously redeemed, and the Trust shall not purchase or otherwise acquire any shares of the Seriessuch series; PROVIDEDprovided, HOWEVERhowever, that the foregoing shall not prevent the purchase or acquisition of all outstanding shares of the Series such series pursuant to the successful completion of an otherwise lawful purchase or exchange offer made on the same terms to, and accepted by, Holders of all outstanding shares of the Seriessuch series.
Appears in 1 contract
Samples: Putnam Municipal Opportunities Trust