Purpose; Incorporation by Reference of Auction Procedures. (a) On each Auction Date, the provisions of the Auction Procedures will be followed by the Auction Agent for the purpose of determining the Applicable Dividend Rate for the APS, for each Dividend Period. Each periodic operation of such procedures is hereinafter referred to as an "Auction."
Appears in 3 contracts
Samples: Broker Dealer Agreement (DNP Select Income Fund Inc), Auction Agency Agreement (DNP Select Income Fund Inc), Broker Dealer Agreement (DNP Select Income Fund Inc)
Purpose; Incorporation by Reference of Auction Procedures. (a) On each Auction Date, the provisions of the Auction Procedures will be followed by the Auction Agent for the purpose of determining the Applicable Dividend Rate for each series of the APSPreferred Shares, for each Dividend Rate Period. Each periodic operation of such procedures is hereinafter referred to as an "Auction."
Appears in 1 contract
Samples: Broker Dealer Agreement (Putnam Investment Grade Municipal Trust Ii)
