Rating Agency Restrictions. For so long as any shares of Municipal Preferred are outstanding and Moody's or S&P, or both, are rating such shares, the Trust will not, unless it has received written confirmation from Moody's or S&P, or both, as appropriate, that any such action would not impair the ratings then assigned by such rating agency to such shares, engage in any one or more of the following transactions:
Appears in 2 contracts
Sources: By Laws (Colonial California Insured Municipal Fund), By Laws (Colonial Insured Municipal Fund)