Common use of Auction Schedule Clause in Contracts

Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Company, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to each Broker-Dealer. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. The Auction Agent will follow The Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the Company. In the event of a BMA Recommendation on an Auction Date, the Submission Deadline will be 11:30 A.M. instead of 1:00 P.M. and as a result the notice of Auction results will occur at an earlier time. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company and the Broker-Dealers of the Reference Rate and the Maximum Applicable Rate as set forth in Section 2.2(d)(i) hereof.

Appears in 11 contracts

Samples: Auction Agent Agreement (Muniyield Quality Fund Ii Inc), Auction Agent Agreement (Muni Intermediate Duration Fund Inc), Auction Agent Agreement (Muniholdings Fund Inc)

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Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Company, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to each Broker-Dealer. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. The Auction Agent will follow The Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the Company. In the event of a BMA Recommendation on an Auction Date, the Submission Deadline will be 11:30 A.M. instead of 1:00 P.M. and as a result the notice of Auction results will occur at an earlier time. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company and the Broker-Dealers of the Reference Rate and the Maximum Applicable Rate as set forth in Section 2.2(d)(i) hereof.

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield California Insured Fund Ii Inc)

Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the CompanyTrust, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to each Broker-Dealer. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. The Auction Agent will follow The Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the CompanyTrust. In the event of a BMA Recommendation on an Auction Date, the Submission Deadline will be 11:30 A.M. instead of 1:00 P.M. and as a result the notice of Auction results will occur at an earlier time. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company Trust and the Broker-Dealers of the Reference Rate and the Maximum Applicable Rate as set forth in Section 2.2(d)(i) hereof.

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield Pennsylvania Fund)

Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the CompanyTrust, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to each Broker-Dealer. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. The Auction Agent will follow The Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the CompanyTrust. In the event of a BMA Recommendation on an Auction Date, the Submission Deadline will be 11:30 A.M. instead of 1:00 P.M. and as a result the notice of Auction results will occur at an earlier time. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company Trust and the Broker-Broker- Dealers of the Reference Rate and the Maximum Applicable Rate as set forth in Section 2.2(d)(i) hereof.

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield Florida Insured Fund /Nj/)

Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the CompanyTrust, which consent shall not be withheld unreasonablyunreasonably withheld. The Auction Agent shall give written notice of any such change to each Broker-Dealer. Such notice shall be received given prior to the close of business on the Business Day immediately preceding the first Auction Date on which any such change shall be effective. The Auction Agent will follow The the Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for the bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the Companyotherwise. In the event of a BMA Recommendation on an Auction Date, Date the Submission Deadline will be 11:30 A.M. a.m., instead of 1:00 P.M. 1:30 p.m., and as a result the notice of Auction results set forth in Section 2.4 will occur at an earlier timeearlier. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company Trust and the Broker-Dealers of (i) the applicable Maximum Rate and (ii) when applicable, the Reference Rate and the Rate, used in determining such Maximum Applicable Rate as set forth in Section 2.2(d)(i) 2.6 hereof.

Appears in 1 contract

Samples: Auction Agency Agreement (Gabelli Dividend & Income Trust)

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Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the CompanyCorporation, which consent shall not be withheld unreasonablyunreasonably withheld. The Auction Agent shall give written notice of any such change to each Broker-Broker- Dealer. Such notice shall be received given prior to the close of business on the Business Day immediately preceding the first Auction Date on which any such change shall be effective. The Auction Agent will follow The the Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for the bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the Companyotherwise. In the event of a BMA Recommendation on an Auction Date, Date the Submission Deadline will be 11:30 A.M. a.m., instead of 1:00 P.M. 1:30 p.m., and as a result the notice of Auction results set forth in Section 2.4 will occur at an earlier timeearlier. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company Corporation and the Broker-Dealers of (i) the applicable Maximum Rate and (ii) when applicable, the Reference Rate and or the Treasury Index Rate, used in determining such Maximum Applicable Rate as set forth in Section 2.2(d)(i) 2.6 hereof.

Appears in 1 contract

Samples: Auction Agency Agreement (Gabelli Equity Trust Inc)

Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Company, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to each Broker-Dealer. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. The Auction Agent will follow The Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the Company. In the event of a BMA Recommendation on an Auction Date, the Submission Deadline will be 11:30 A.M. instead of 1:00 P.M. and as a result the notice of Auction results will occur at an earlier time. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company and the Broker-Broker- Dealers of the Reference Rate and the Maximum Applicable Rate as set forth in Section 2.2(d)(i) hereof.

Appears in 1 contract

Samples: Muniyield Arizona Fund Inc /Nj/

Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the CompanyTrust, which consent shall not be withheld unreasonablyunreasonably withheld. The Auction Agent shall give written notice of any such change to each Broker-Dealer. Such notice shall be received given prior to the close of business on the Business Day immediately preceding the first Auction Date on which any such change shall be effective. The Auction Agent will follow The the Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for the bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the Companyotherwise. In the event of a BMA Recommendation on an Auction Date, Date the Submission Deadline will be 11:30 A.M. a.m., instead of 1:00 P.M. 1:30 p.m., and as a result the notice of Auction results set forth in Section 2.4 will occur at an earlier timeearlier. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company Trust and the Broker-Dealers of (i) the applicable Maximum Rate and (ii) when applicable, the Reference Rate and or the Treasury Index Rate, used in determining such Maximum Applicable Rate as set forth in Section 2.2(d)(i) 2.6 hereof.

Appears in 1 contract

Samples: Auction Agency Agreement (Gabelli Utility Trust)

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