Common use of Dividends and Redemption Price Clause in Contracts

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company described in Sections 3.3(a) and (b) above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the shares of AMPS and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Company as set forth in Paragraph 2 of the Articles Supplementary. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS called for redemption will be determined as set forth in Paragraph 4 of the Articles Supplementary. The Company shall notify the Paying Agent in writing of a decision to redeem any shares of AMPS on or prior to the date specified in Section 3.2 above, and such notice by the Company to the Paying Agent shall contain the information required to be stated in a Notice of Redemption required to be mailed by the Company to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a Notice of Redemption.

Appears in 15 contracts

Samples: Auction Agent Agreement (Muni California Intermediate Duration Fund Inc), Auction Agent Agreement (Muni New York Intermediate Duration Fund Inc), Auction Agent Agreement (Muniyield Fund Inc)

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Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company described in Sections 3.3(a) and (b) above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the shares of AMPS and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Company as set forth in Paragraph 2 of the Articles Supplementary. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS called for redemption will be determined as set forth in Paragraph 4 of the Articles Supplementary. The Company shall notify the Paying Agent in writing of a decision to redeem any shares of AMPS on or prior to the date specified in Section 3.2 above, and such notice by the Company to the Paying Agent shall contain the information required to be stated in a Notice of Redemption required to be mailed by the Company to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in a Notice of Redemption.

Appears in 8 contracts

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

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day immediately available funds and instructions from the Company described in Sections 3.3(a) and (b) above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the shares of AMPS Series E AMPS, and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Company as set forth in Paragraph 2 3 of Article Sixth of the Articles SupplementaryCharter. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS called for redemption will be determined as set forth in Paragraph 4 5 of Article Sixth of the Articles SupplementaryCharter. The Company shall notify the Paying Agent in writing of a decision to redeem any shares of AMPS on or prior to the date specified in Section 3.2 above, and such notice by the Company to the Paying Agent shall contain the information required to be stated in a the Notice of Redemption required to be mailed by the Company to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agent Agreement (Aberdeen Asia Pacific Income Fund Inc)

Dividends and Redemption Price. After receipt of the Federal Funds or similar sameSame-day funds Day Funds and instructions from the Company Fund described in Sections 3.3(a3.3(1) and (b2) above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the shares of AMPS APS and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS APS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Company Fund as set forth in Paragraph Section 2 of the Articles SupplementaryAmended By-laws. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS APS called for redemption will be determined as set forth in Paragraph Section 4 of the Articles SupplementaryAmended By-laws. The Company Fund shall notify the Paying Agent in writing of a decision to redeem any shares of AMPS APS on or prior to the date specified in Section 3.2 above, and such notice by the Company Fund to the Paying Agent shall contain the information required to be stated in a Notice of Redemption required to be mailed by the Company Fund to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a Notice of Redemption.

Appears in 1 contract

Samples: Auction Agent Agreement (Eaton Vance Credit Opportunities Fund)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company described in Sections 3.3(a) and (b) above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the shares of AMPS and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Company as set forth in Paragraph 2 of the Articles Supplementary. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS called for redemption will be determined as set forth in Paragraph 4 of the Articles Supplementary. The Company shall notify the Paying Agent in writing of a decision to redeem any shares of AMPS on or prior to the date specified in Section 3.2 above, and such notice by the Company to the Paying Agent shall contain the information required to be stated in a Notice of Redemption required to be mailed by the Company to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a Notice of Redemption.the

Appears in 1 contract

Samples: Auction Agent Agreement (Muni Intermediate Duration Fund Inc)

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Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day immediately available funds and instructions from the Company described in Sections 3.3(a) and (b) above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the shares of Series A AMPS, Series B AMPS or Series C AMPS, as the case may be, and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Company as set forth in Paragraph 2 3 of Article Sixth of the Articles SupplementaryCharter. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS called for redemption will be determined as set forth in Paragraph 4 5 of Article Sixth of the Articles SupplementaryCharter. The Company shall notify the Paying Agent in writing of a decision to redeem any shares of AMPS on or prior to the date specified in Section 3.2 above, and such notice by the Company to the Paying Agent shall contain the information required to be stated in a the Notice of Redemption required to be mailed by the Company to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agent Agreement (Aberdeen Asia Pacific Income Fund Inc)

Dividends and Redemption Price. After receipt of the Federal Funds or similar sameSame-day funds Day Funds and instructions from the Company Trust described in Sections 3.3(a3.3(1) and (b2) above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the shares of AMPS APS and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS APS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Company Trust as set forth in Paragraph Section 2 of the Articles SupplementaryAmended By-laws. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS APS called for redemption will be determined as set forth in Paragraph Section 4 of the Articles SupplementaryAmended By-laws. The Company Trust shall notify the Paying Agent in writing of a decision to redeem any shares of AMPS APS on or prior to the date specified in Section 3.2 above, and such notice by the Company Trust to the Paying Agent shall contain the information required to be stated in a Notice of Redemption required to be mailed by the Company Trust to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a Notice of Redemption.

Appears in 1 contract

Samples: Auction Agent Agreement (Eaton Vance Floating-Rate Income Trust)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day immediately available funds and instructions from the Company described in Sections 3.3(a) and (b) above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the shares of Series H AMPS or Series I AMPS, as the case may be, and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Company as set forth in Paragraph 2 3 of Article Sixth of the Articles SupplementaryCharter. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS called for redemption will be determined as set forth in Paragraph 4 5 of Article Sixth of the Articles SupplementaryCharter. The Company shall notify the Paying Agent in writing of a decision to redeem any shares of AMPS on or prior to the date specified in Section 3.2 above, and such notice by the Company to the Paying Agent shall contain the information required to be stated in a the Notice of Redemption required to be mailed by the Company to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agent Agreement (Aberdeen Asia Pacific Income Fund Inc)

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