Designation of Special Rate Period. (a) If any Fund delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund.
Designation of Special Rate Period. (a) The Statement will provide that, subject to the Fund's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, (i) each Rate Period of any series of MuniPreferred will be a Minimum Rate Period (a duration of seven days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of MuniPreferred that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Fund shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for such series in the form of Exhibit C hereto and (ii) the Auction Agent shall deliver such notice by first- class mail, postage prepaid, to each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Fund.
Designation of Special Rate Period. (a) If the Trust delivers to its Auction Agent a notice of the Auction Date for any series of Preferred Shares of the Trust for a Rate Period thereof that next succeeds a Rate period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-.Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Trust.
Designation of Special Rate Period. If the Trust delivers to its Auction Agent a notice of the Auction Date for any series of Preferred Shares of the Trust for a Rate Period thereof that next succeeds a Rate period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Trust. If the Board of Trustees of the Trust proposes to designate any succeeding Subsequent Rate Period of any series of Preferred Shares of the Trust as a Special Rate Period and the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Trust. If the Board of Trustees of the Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 a.m. on the second Business Day next preceding the first day of such Rate Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 p.m. on such second Business Day. If the Trust shall deliver to its Auction Agent a notice not later than 11:00 a.m. on the second Business Day next preceding the first day of any Rate Period stating that the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 p.m. on such second Business Day.
Designation of Special Rate Period. (a) If the Company delivers to the Auction Agent a notice of the Auction Date for Preferred Shares for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit [E] to the Auction Agency Agreement, the Auction Agent shall deliver such notice to SSB as promptly as practicable after its receipt of such notice from the Company.
Designation of Special Rate Period. (a) If the Board of Trustees of the Fund proposes to designate any subsequent Rate Period of any series of AMPS of the Fund as a Special Rate Period and the Fund delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund.
Designation of Special Rate Period. (a) The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any series of APS will have a duration of twenty-eight days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of APS that is other than twenty-eight days will be twenty-eight days in duration. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not twenty-eight days in duration, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for such series in the form of Exhibit C hereto and (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Trust.
Designation of Special Rate Period. Period (a duration of seven days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of Municipal Preferred that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for such series in the form of Exhibit C hereto and (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Trust.
Designation of Special Rate Period. (a) The Articles Supplementary provide that, subject to the Company's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, each Rate Period of Preferred Shares will be a Minimum Rate Period (a duration of 49 days, subject to certain exceptions). Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the company shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for Preferred Shares in the form of Exhibit E hereto and (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to each Existing Holder of shares of Preferred Shares at the address specified in such Existing Holder's Master Purchaser's Letter and to the Broker-Dealers for Preferred Shares as promptly as practicable after its receipt of such notice from the Company.
Designation of Special Rate Period. (a) The Articles Supplementary provide that, subject to the Fund's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, each Rate Period of Preferred Shares will be a Minimum Rate Period (a duration of 7 days, subject to certain exceptions). Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Fund shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for Preferred Shares in the form of Exhibit C hereto and (ii) the Auction Agent shall deliver such notice to --------- the Broker-Dealers for Preferred Shares as promptly as practicable after its receipt of such notice from the Fund.
