Common use of REPORT OF TENDER ACTIVITY Clause in Contracts

REPORT OF TENDER ACTIVITY. The Agent shall advise Offeror by e-mail or facsimile transmission (in accordance with the notice provisions set forth in Section 20), and such other person or persons as Offeror may request in writing, weekly, and, during the last two weeks before the Expiration Time, daily, up to and including the applicable Expiration Time, as to the number of HOLDRS that have been tendered pursuant to the Offer and the items received by the Agent pursuant to this Agreement. In addition, the Agent will make available to the aforementioned persons upon oral request made from time to time prior to the Expiration Time such other information as they may reasonably request. Agent will also provide a final report relating to all securities tendered as of the Expiration Time and certifying the list of underlying securities represented by tendered HOLDRS no later than 1:00 p.m., New York City time, on the day that the Expiration Time occurs.

Appears in 6 contracts

Samples: Exchange Agent Agreement (Market Vectors Etf Trust), Exchange Agent Agreement (Market Vectors Etf Trust), Exchange Agent Agreement (Market Vectors Etf Trust)

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