Preferred Shares Basic Maintenance Amount. (a) So long as Preferred Shares are outstanding, the Trust shall maintain, on each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date, (i) Fitch Eligible Assets having an aggregate Discounted Value equal to or greater than the Preferred Shares Basic Maintenance Amount (if Fitch is then rating the Preferred Shares) and (ii) Xxxxx'x Eligible Assets having an aggregate Discounted Value equal to or greater than the Preferred Shares Basic Maintenance Amount (if Xxxxx'x is then rating the Preferred Shares); provided, however, that the redemption pursuant to Section 11(b) of this Part I shall be the sole remedy in the event the Trust fails to do so.
Appears in 4 contracts
Samples: RMR Dividend Capture Fund, RMR Dividend Capture Fund, RMR Real Estate Income Fund
Preferred Shares Basic Maintenance Amount. (a) So long as Preferred Shares are outstanding, the Trust shall maintain, on each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date, (i) Fitch Eligible Assets having an aggregate Discounted Value equal to or greater than the Preferred Shares Basic Maintenance Amount (if Fitch is then rating the Preferred Shares) and (ii) Xxxxx'x Xxxxx’x Eligible Assets having an aggregate Discounted Value equal to or greater than the Preferred Shares Basic Maintenance Amount (if Xxxxx'x Xxxxx’x is then rating the Preferred Shares); provided, however, that the redemption pursuant to Section 11(b) of this Part I shall be the sole remedy in the event the Trust fails to do so.
Appears in 2 contracts
Samples: RMR Real Estate Income Fund (RMR Real Estate Income Fund), RMR Real Estate Income Fund (RMR Real Estate Income Fund)
Preferred Shares Basic Maintenance Amount. (a) So long as Preferred Shares are outstanding, the Trust shall maintain, on each Valuation Date, and shall verify to its satisfaction that it is maintaining on such Valuation Date, (i) Fitch Eligible Assets having an aggregate Discounted Value equal to or greater than the Preferred Shares Basic Maintenance Amount (if Fitch is then rating the Preferred Shares) and (ii) Xxxxx'x Moody's Eligible Assets having an aggregate Discounted Value equal to or greater xx xx xreater than the Preferred Shares Basic Maintenance Amount (if Xxxxx'x Moody's is then rating the Preferred Shares); provided, however, that the thxx xxx redemption pursuant to Section 11(b) of this Part I shall be the sole remedy in the event the Trust fails to do so.
Appears in 1 contract
Samples: RMR Real Estate Fund