Common use of Underwriter Status Clause in Contracts

Underwriter Status. Each Closing Date Purchaser has no contract, undertaking, agreement or arrangement with any person to sell, transfer or pledge to such person or anyone else any of the VMTP Shares, and each Closing Date Purchaser has no present plans to enter into any such contract, undertaking, agreement or arrangement, except in accordance with Section 2.01(b) hereof.

Appears in 2 contracts

Sources: Variable Rate Muni Term Preferred Shares Purchase Agreement (Wells Fargo & Company/Mn), Variable Rate Muni Term Preferred Shares Purchase Agreement (Wells Fargo & Company/Mn)