Common use of TO SUBSCRIBE Clause in Contracts

TO SUBSCRIBE. I hereby irrevocably subscribe for the face amount of Common Stock indicated as the total of A and B hereon upon the terms and conditions specified in the Prospectus relating thereto, receipt of which is acknowledged. I hereby agree that if I fail to pay for the shares of Common Stock for which I have subscribed, the Fund may exercise any of the remedies set forth in the Prospectus.

Appears in 2 contracts

Sources: Subscription Rights Agreement (Gabelli Utility Trust), Subscription Rights Agreement (Gabelli Equity Trust Inc)