Acceptance of Subscriptions. (a) Upon acceptance of a Subscription, Agent shall hold all monies received in a special account for the benefit of the Company. Promptly following the Expiration Time, Agent shall distribute to the Company the funds in such account. Agent will not be obligated to calculate or pay interest to any holder or any other party claiming through a holder or otherwise.
Appears in 7 contracts
Samples: Subscription Agent Agreement, Subscription Agent Agreement (DNP Select Income Fund Inc), Subscription Agent Agreement (Reaves Utility Income Fund)