Contribution Event

Contribution Event. Means, with respect to any Eligible Note held by any Fund, any of the following occurrences: (i) Any sale of the Eligible Note by the Fund for cash in an amount, after deduction of any commissions or similar transaction costs, less than the Amortized Cost Value of the Eligible Note sold as of the date of settlement; (ii) Receipt of final payment on the Eligible Note in an amount less than the Amortized Cost Value of that Eligible Note as of the date such payment is received; or (iii) Issuance... of orders by a court having jurisdiction over the matter discharging the Issuer from liability for the Eligible Note and providing for payments on that Eligible Note in an amount less than the Amortized Cost Value of that Eligible Note as of the date such payment is received. The excess of the Amortized Cost Value of the Eligible Notes subject to a Contribution Event over the amount received by the Fund in connection with such Contribution Event shall constitute the "Loss" on such Eligible Notes. View More

Contribution Event. Means, with respect to any Covered Investment, any of the following occurrences: (i) Any sale of the Covered Investment by the Fund for cash in an amount, after deduction of any commissions or similar transaction costs, less than the Amortized Cost Value of the Covered Investment sold as of the date of settlement; (ii) Receipt of final payment on the Covered Investment in an amount less than the Amortized Cost Value of that Covered Investment as of the date such payment is received; (iii)... Issuance of orders by a court having jurisdiction over the matter discharging the issuer of the Covered Investment from liability for the Covered Investment and providing for payments on that Covered Investment in an amount less than the Amortized Cost Value of that Covered Investment as of the date such payment is received; (iv) the receipt of any Replacement Notes on or after April 1, 2009 that have a value that is less than the Amortized Cost Value of the applicable Covered Investment on the date that the Fund receives such Replacement Notes; or (v) the receipt of any Replacement Notes that are or become Qualifying New Securities and have a value that is less than the Amortized Cost Value of the applicable Covered Investment on the date that the Fund receives such Qualifying New Security. The excess of the Amortized Cost Value of the Covered Investment subject to a Contribution Event over the amount received by the Fund in connection with such Contribution Event shall constitute the "Loss" on such Covered Investment. View More

Contribution Event. Means, with respect to any Impaired Asset held by the Fund, any of the following occurrences: (i) Any sale of the Impaired Asset by the Fund for cash in an amount, after deduction of any commissions or similar transaction costs, less than the Amortized Cost Value of the Impaired Asset sold as of the date of settlement; (ii) Receipt of final payment on the Impaired Asset in an amount less than the Amortized Cost Value of that Impaired Asset as of the date such payment is received; or ... (iii) Issuance of orders by a court having jurisdiction over the matter discharging the issuer from liability for the Impaired Asset and providing for payments on that Impaired Asset in an amount less than the Amortized Cost Value of that Impaired Asset as of the date such payment is received. The excess of the Amortized Cost Value of the Impaired Assets subject to a Contribution Event over the amount received by the Fund in connection with such Contribution Event shall constitute the "Loss" on such Impaired Assets. View More