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 Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the ARP Shares, and (ii) on any date fixed for redemption, the redemption price of any ARP Shares 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 Section 2 of Part I of the Statement. The redemption price to be paid by the Paying Agent to the Holders of any ARP Shares called for redemption will be determined as set forth in Section 3 of Part I of the Statement. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in the Notice of Redemption.

Appears in 3 contracts

Samples: Auction Agency Agreement (Kayne Anderson MLP Investment CO), Auction Agency Agreement (Kayne Anderson Energy Total Return Fund, Inc.), Auction Agency Agreement (Kayne Anderson MLP Investment CO)

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Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the ARP SharesAMPS, and (ii) on any date fixed for redemption, the redemption price of any ARP Shares 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 Fund as set forth in Section 2 of Part I of the StatementStatement of Preferences. The redemption price to be paid by the Paying Agent to the Holders of any ARP Shares shares of AMPS called for redemption will be determined as set forth in Section 3 10 of Part I of the StatementStatement of Preferences. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in the Notice of Redemption.

Appears in 2 contracts

Samples: Auction Agency Agreement (Clough Global Equity Fund), Auction Agency Agreement (Reaves Utility Income Fund)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the ARP SharesAMPS, and (ii) on any date fixed for redemption, the redemption price of any ARP Shares 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 Fund as set forth in Section Paragraph 2 of Part I of the Statement. The redemption price to be paid by the Paying Agent to the Holders of any ARP Shares shares of AMPS called for redemption will be determined by the Fund as set forth in Section 3 of Part I Paragraph 4 of the Statement. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (Mbia Capital Claymore Man Dur Inv GRD Muni Fund)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the ARP Preferred Shares, and (ii) on any date fixed for redemption, the redemption price of any ARP Preferred Shares 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 Section 2 of Part I of the StatementStatement of Preferences. The redemption price to be paid by the Paying Agent to the Holders of any ARP Preferred Shares called for redemption will be determined as set forth in Section 3 of Part I of the StatementStatement of Preferences. The Paying Agent shall have no duty to determine the redemption price and may conclusively rely conclusively on the amount thereof set forth in the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (Franklin Templeton Limited Duration Income Trust)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the ARP AMP Shares, and (ii) on any date fixed for redemption, the redemption price of any ARP AMP Shares 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 [Part I, Section 2 of Part I 2] of the Statement. The redemption price to be paid by the Paying Agent to the Holders of any ARP AMP Shares called for redemption will be determined as set forth in [Part I, Section 3 of Part I of 3]of the Statement. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (Boulder Growth & Income Fund)

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Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the ARP Preferred Shares, and (ii) on any date fixed for redemption, the redemption price of any ARP Preferred Shares 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 Section 2 of Part I of the Statement. The redemption price to be paid by the Paying Agent to the Holders of any ARP Preferred Shares called for redemption will be determined as set forth in Section 3 of Part I of the Statement. The Paying Agent shall have no duty to determine the redemption price and may conclusively rely conclusively on the amount thereof set forth in the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (First Trust/Four Corners Senior Floating Rate Income Fund)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Company Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the ARP SharesAMPS, and (ii) on any date fixed for redemption, the redemption price Redemption Price of any ARP Shares AMPS called for redemption. The amount of dividends for any Dividend Rate Period to be paid by the Paying Agent to Holders will be determined by the Company Fund as set forth in Section 2 of Part I of the Statement. The redemption price Redemption Price to be paid by the Paying Agent to the Holders of any ARP Shares AMPS called for redemption will be determined as set forth in Section 3 of Part I of the Statement. The Paying Agent shall have no duty to determine the redemption price Redemption Price and may conclusively rely conclusively on the amount thereof set forth in the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (First Trust Four Corners Senior Floating Rate Income Fund Ii)

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