Common use of Repurchase Program Clause in Contracts

Repurchase Program. Approve the duration and amount of funds that may be allocated during the term of any Repurchase Program; provided, that such Repurchase Program shall establish that the Trustee may only carry out repurchases of CBFIs (i) to the extent permitted by the applicable law (including any tax provisions) pursuant to Section 2.4(z) of this Agreement, and (ii) if applicable, in the event that the Trustee has the appropriate authorizations (including those issued by the tax authority pursuant to the LISR and the Miscellaneous Tax Resolution). For such purposes, the Trustee shall enter into a non-discretionary intermediation agreement with a brokerage firm, which shall be published through Emisnet and STIV 2.