Common use of Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures Clause in Contracts

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides that the Applicable Rate on shares of the Series E AMPS, for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that the Auction Agent advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the Board of Directors of the Company, the Company has appointed Deutsche Bank as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

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

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Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides The Articles Supplementary provide that the Applicable Rate on shares of the Series E AMPS, G AMPS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company or other financial institution appointed by the Auction Agent Company advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the The Board of Directors of the Company, the Company has appointed Deutsche adopted a resolution appointing The Bank of New York as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield Fund Inc)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 The Certificate of Article Sixth of the Charter Designation provides that the Applicable Rate on shares of the Series E AMPS, C AMPS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company or other financial institution appointed by the Auction Agent Trust advises results from implementation of the Auction Procedures. Pursuant to The Board of Trustees of the Trust has adopted a resolution adopted by the Board appointing The Bank of Directors of the Company, the Company has appointed Deutsche Bank New York as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield Pennsylvania Fund)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides that the Applicable Rate on shares of the Series E G AMPS, for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that the Auction Agent advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the Board of Directors of the Company, the Company has appointed Deutsche Bank as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E G AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

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

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides 1. The Articles Supplementary provide that the Applicable Rate on shares of the Series E AMPS, AMPS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company, or other financial institution appointed by the Auction Agent Company advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the The Board of Directors of the Company, the Company has appointed Deutsche Bank adopted a resolution appointing IBJ Schrxxxx Xxxk & Trust Company as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS AMPS, for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield New Jersey Fund Inc)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 The Certificate of Article Sixth of the Charter Designation provides that the Applicable Rate on shares of the Series E AMPS, Preferred Shares for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company, or other financial institution appointed by the Auction Agent Company advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the The Board of Directors Trustees of the Company, the Company has appointed Deutsche Bank adopted a resolution appointing Bankers Trust Company as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS Preferred Shares for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction"."

Appears in 1 contract

Samples: Auction Agent Agreement (Blackrock Florida Insured Municipal 2008 Term Trust)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth XII of the Charter provides that the Applicable Rate on shares of the Series E AMPS, for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that the Auction Agent advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the Board of Directors of the Company, the Company has appointed Deutsche Bank as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agent Agreement (Aberdeen Global Income Fund Inc)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides that the Applicable Rate on shares of the Series E F AMPS, for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that the Auction Agent advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the Board of Directors of the Company, the Company has appointed Deutsche Bank as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E F AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

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

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides The Articles Supplementary provide that the Applicable Rate on shares of the Series E AMPS, [ ]28 AMPS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company or other financial institution appointed by the Auction Agent Company advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the The Board of Directors of the Company, the Company has appointed Deutsche adopted a resolution appointing The Bank of New York as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

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

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 The Certificate of Article Sixth of the Charter Designation provides that the Applicable Rate on shares of the Series E AMPS, AMPS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company or other financial institution appointed by the Auction Agent Company advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the The Board of Directors Trustees of the Company, the Company has appointed Deutsche adopted a resolution appointing The Bank of New York as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Muniyield Florida Fund

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides that the Applicable Rate on shares of the Series E D AMPS, for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that the Auction Agent advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the Board of Directors of the Company, the Company has appointed Deutsche Bank as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E D AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

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

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Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 The certificate of Article Sixth of the Charter Designation provides that the Applicable Rate on shares of the Series E AMPS, AMPS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company, or other financial institution appointed by the Auction Agent Trust advises results from implementation of the Auction Procedures. Pursuant to The Board of Trustees of the Trust has adopted a resolution adopted by the Board of Directors of the Company, the appointing IBJ Xxxxxxxx Bank & Trust Company has appointed Deutsche Bank as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS AMPS, for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield Florida Fund)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides The Articles Supplementary provide that the Applicable Rate on shares of the Series E AMPS, AMPS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company or other financial institution appointed by the Auction Agent Company advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the The Board of Directors of the Company, the Company has appointed Deutsche adopted a resolution appointing The Bank of New York as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Muniyield Quality Fund Inc

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a1) Paragraph 3 of Article Sixth of the Charter provides The Amended By-laws provide that the Applicable Rate on shares of the Series E AMPS, APS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company or other financial institution appointed by the Auction Agent Fund advises results from implementation of the Auction Procedures. Pursuant to The Board of Trustees of the Fund has adopted a resolution adopted by the Board of Directors of the Company, the Company has appointed appointing Deutsche Bank Trust Company Americas as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS APS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

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

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter The Statement provides that the Applicable Rate on shares of each series of APS, as the Series E AMPScase may be, for each Dividend Subsequent Rate Period therefor after the Initial Dividend Period shall shall, under certain conditions, be the rate per annum that a bank or trust company appointed by the Auction Agent Trust advises results from implementation of the Auction ProceduresProcedures for such series. Pursuant to The Board of Trustees of the Trust has adopted a resolution adopted by the Board of Directors of the Company, the appointing Bankers Trust Company has appointed Deutsche Bank as Auction Agent for purposes of the Auction ProceduresProcedures for each series of APS. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for each series of APS for each Subsequent Rate Period thereof for which the Series E AMPS for the next Dividend Period thereforApplicable Rate is to be determined by an auction. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agent Agreement (MFS Municipal Income Trust)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 of Article Sixth of the Charter provides that the Applicable Rate on shares of the Series E H AMPS or Series I AMPS, as the case may be, for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that the Auction Agent advises results from implementation of the Auction Procedures. Pursuant to a resolution adopted by the Board of Directors of the Company, the Company has appointed Deutsche Bank as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E H AMPS or Series I AMPS, as the case may be, for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

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

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) Paragraph 3 The Certificate of Article Sixth of the Charter Designation provides that the Applicable Rate on shares of the Series E AMPS, B AMPS for each Dividend Period therefor after the Initial Dividend Period shall be the rate per annum that a commercial bank, trust company or other financial institution appointed by the Auction Agent Trust advises results from implementation of the Auction Procedures. Pursuant to The Board of Trustees of the Trust has adopted a resolution adopted by the Board appointing The Bank of Directors of the Company, the Company has appointed Deutsche Bank New York as Auction Agent for purposes of the Auction Procedures. The Auction Agent hereby accepts such appointment and agrees that, on each Auction Date, it shall follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for the Series E AMPS for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield Florida Insured Fund /Nj/)

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