Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 311

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 311
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A-13

(iv) After the Closing Date, the Target Fund
shall prepare, or cause its agents to prepare, any U.S. federal, state or local tax returns required to be filed by such Target Fund with respect to its final taxable year ending with its complete liquidation and dissolution and for any prior
periods or taxable years and further shall cause such tax returns to be duly filed with the appropriate taxing authorities. Notwithstanding the aforementioned provisions of this subsection, any expenses incurred by the Target Fund (other than for
payment of taxes) in connection with the preparation and filing of said tax returns after the Closing Date shall be borne by such Target Fund to the extent such expenses have been accrued by such Target Fund in the ordinary course without regard to
the Reorganization; any excess expenses shall be paid from a liability reserve established to provide for the payment of such expenses.

(v) Upon the request of the Acquiring Fund, the Target Fund shall use reasonable efforts to
perform the following actions by the Closing Date or such later time as may be agreed to by the Acquiring Fund: (a) terminate the [VRDP Shares Fee Agreement, the VRDP Shares Purchase Agreement, the VRDP Shares Remarketing Agreement and the
Tender and Paying Agent Agreement][Redemption and Paying Agent Agreement] and such other agreements, instruments or documents related to
the Target Fund [VRDP][VMTP] Shares, (b) withdraw the ratings assigned to the Target Fund [VRDP][VMTP] Shares, (c) cancel the share certificates representing Target Fund
[VRDP][VMTP] Shares, and (d) withdraw or deregister the Target Fund
[VRDP][VMTP] Shares from The Depository Trust Company.

7. CLOSING DATE.

(a) The closing of the Reorganization (the “”) shall occur prior to the opening of the
NYSE at the offices of Willkie, 787 Seventh Avenue, New York, New York 10019, or at such other time or location as may be mutually agreed to by the Funds, on the next full business day following the Valuation Time to occur after the satisfaction or
waiver of all of the conditions set forth in Sections 8 and 9 of this Agreement (other than the conditions that relate to actions to be taken, or documents to be delivered at the Closing, it being understood that the occurrence of the Closing shall
remain subject to the satisfaction or waiver of such conditions at Closing), or at such other time and date