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) The Board of Trustees of the Fund has adopted a resolution 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 Preferred Shares for the next Dividend Period. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 9 contracts

Samples: Auction Agency Agreement (Pimco California Municipal Income Fund Iii), Auction Agency Agreement (Pioneer Municipal High Income Advantage Trust), Auction Agency Agreement (Pimco Municipal Income Fund Iii)

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Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) The Board of Trustees of the Fund Trust has adopted a resolution 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 any Subsequent Rate Period of the Preferred Shares AMPS for which the next Dividend PeriodApplicable Rate is to be determined by auction. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 4 contracts

Samples: Auction Agency Agreement, Auction Agency Agreement (Federated Premier Municipal Income Fund), Auction Agency Agreement (Federated Premier Municipal Income Fund)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) The Board of Trustees of the Fund Trust has adopted a resolution 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 any Subsequent Rate Period of any series of AMPS for which the Preferred Shares for the next Dividend PeriodApplicable Rate is to be determined by auction. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agency Agreement (Western Asset Premier Bond Fund)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) The Board of Trustees Directors of the Fund has adopted a resolution 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 Preferred Shares APS for the next Dividend Period. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agency Agreement (Investment Grade Municipal Income Fund)

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Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) The Board of Trustees of the Fund Trust has adopted a resolution 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 any Subsequent Rate Period of the Preferred Shares AMPS for which the next Dividend PeriodApplicable Rate is to be determined by auction. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agency Agreement (Aew Real Estate Income Fund)

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