Purpose; Incorporation by Reference of Auction Procedures and Settlement 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 Rate for the Preferred Shares, for each Dividend Period. Each periodic operation of such procedures is hereinafter referred to as an "Auction."
Appears in 13 contracts
Samples: Broker Dealer Agreement (Pimco New York Municipal Income Fund Iii), Broker Dealer Agreement (Scudder Rreef Real Estate Fund Inc), Broker Dealer Agreement (Pimco California Municipal Income Fund Iii)
Purpose; Incorporation by Reference of Auction Procedures and Settlement 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 Rate for the Preferred Shares, AMPS for each Dividend Period. Each periodic operation of such procedures is hereinafter referred to as an "Auction."
Appears in 4 contracts
Samples: Dealer Agreement (Pimco Corporate Opportunity Fund), Broker Dealer Agreement (F&c/Claymore Preferred Securities Income Fund Inc), Broker Dealer Agreement (Pimco Floating Rate Income Fund)
Purpose; Incorporation by Reference of Auction Procedures and Settlement 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 ARCs Rate for the Preferred Shares, for each Dividend next Interest Period. Each periodic operation of such procedures is hereinafter referred to as an "Auction."
Appears in 1 contract
Samples: Broker Dealer Agreement (Collegiate Funding Services Inc)
Purpose; Incorporation by Reference of Auction Procedures and Settlement 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 Rate for the Preferred Shares, AMPS for each Dividend the next Rate Period. Each periodic operation implementation of such procedures is hereinafter referred to as an "Auction."
Appears in 1 contract
Samples: Broker Dealer Agreement (Dreman Claymore Dividend & Income Fund)
