Agent Member. BD is, and shall remain for the term of this Agreement, a member of, or participant in, the Securities Depository (or an affiliate of such a member or participant).
Appears in 45 contracts
Sources: Auction Agency Agreement, Broker Dealer Agreement (Federated Premier Municipal Income Fund), Broker Dealer Agreement (Federated Premier Municipal Income Fund)
Agent Member. (a) BD is, and shall remain for the term of this Agreement, a member of, or participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the AMPS available in same-day funds on each Dividend Payment Date to customers that use BD or affiliate as Agent Member.
Appears in 3 contracts
Sources: Broker Dealer Agreement (Advent Claymore Convertible Securities & Income Fund), Broker Dealer Agreement (Ts&w / Claymore Tax-Advantaged Balanced Fund), Broker Dealer Agreement (Dreman Claymore Dividend & Income Fund)