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 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 for a series of APS, 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 APS for which the Applicable Rate is to be determined by such auction. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 6 contracts

Samples: Auction Agency Agreement (John Hancock Tax-Advantaged Dividend Income Fund), Auction Agency Agreement (Hancock John Investors Trust), Auction Agency Agreement (John Hancock Preferred Income Fund Ii)

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Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) The Board of Trustees of the Trust has adopted a resolution appointing Deutsche Bank Trust Company Americas 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 for a series of APSDate, 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 APS Preferred Shares for which the Applicable Rate is to be determined by such auction. Each periodic operation implementation of such procedures is hereinafter referred to as an "Auction."

Appears in 3 contracts

Samples: Auction Agency Agreement (Blackrock Florida Insured Municipal Income Trust), Auction Agency Agreement (Blackrock California Insured Municipal Income Trust), Auction Agency Agreement (Blackrock New York Insured Municipal Income Trust)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) The Board of Trustees of the 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 for a series of APSDate, 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 APS AMPS for which the Applicable Rate is to be determined by such auction. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 3 contracts

Samples: Auction Agency Agreement (Pioneer High Income Trust), Auction Agency Agreement (Pioneer Tax Advantaged Balanced Trust), Auction Agency Agreement (Pioneer High Income Trust)

Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) The Board of Trustees of the 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 for a series of APSDate, 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 Dividend Period of any series of APS AMPS for which the Applicable Rate is to be determined by such auction. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agency Agreement (Pioneer Floating Rate Trust)

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Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures. (a) The Board of Trustees of the Trust 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 for a series of APSDate, it shall follow (i) the procedures set forth in this Section 2 and (ii) the Auction Procedures for the purpose of determining the Applicable Rate for any Subsequent Rate Period of any series of APS the Preferred Shares for which the Applicable Rate is to be determined by such auctionnext Dividend Period. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

Appears in 1 contract

Samples: Auction Agency Agreement (First Trust/Four Corners Senior Floating Rate Income Fund)

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