Common use of Allocation of Taxable Income Clause in Contracts

Allocation of Taxable Income. If the Company delivers to the Auction Agent a notice in the form of Exhibit [K] to the Auction Agent Agreement designating all or a portion of any dividend on shares of Preferred Shares to consist of net capital gains or other income taxable for Federal income tax purposes, the Auction Agent shall deliver such notice to SSB not later than the Business Day following its receipt of such notice from the Company. On or prior to the Auction Date referred to in such notice, SSB will contact each of its customers that SSB believes to be an Existing Holder of shares of Preferred Shares or a Potential Holder interested in submitting an Order with respect to the Auction to be held on such Auction Date, and SSB will notify such customer of the contents of such notice. SSB will be deemed to have contacted and notified such Existing Holders and Potential Holders if, for each such holder, (i) it makes a reasonable effort to contact such holder by telephone, and (ii) upon failing to contact such holder by telephone it mails or sends by telecopy written notification to such holder at the mailing address or telecopy number, as the case may be, indicated in such holder's most recently submitted Master Purchaser's Letter or at such other address or telecopy number as is indicated in the account records of SSB. The Auction Agent shall be required to notify SSB within two Business Days after each Auction of the Auction Agent's receipt of notice from the Company that such Auction involves an allocation of income taxable for Federal income tax purposes as to the dollar amount per share of such taxable income and income exempt from Federal income taxation included in the related dividend.

Allocation of Taxable Income. If the Company delivers to the Auction Agent a notice in the form of Exhibit [K] I to the Auction Agent Agreement designating all or a portion of any dividend on shares of Preferred Shares to consist of net capital gains or other income taxable for Federal income tax purposes, the Auction Agent shall deliver such notice to SSB not later than the Business Day following its receipt of such notice from the Company. On or prior to the Auction Date referred to in such notice, SSB will contact each of its customers that SSB believes to be an Existing Holder of shares of Preferred Shares or a Potential Holder interested in submitting an Order with respect to the Auction to be held on such Auction Date, and SSB will notify such customer of the contents of such notice. SSB will be deemed to have contacted and notified such Existing Holders and Potential Holders if, for each such holder, (i) it makes a reasonable effort to contact such holder by telephone, and (ii) upon failing to contact such holder by telephone it mails or sends by telecopy written notification to such holder at the mailing address or telecopy number, as the case may be, indicated in such holder's most recently submitted Master Purchaser's Letter or at such other address or telecopy number as is indicated in the account records of SSB. The Auction Agent shall be required to notify SSB within two Business Days after each Auction of the Auction Agent's receipt of notice from the Company that such Auction involves an allocation of income taxable for Federal income tax purposes as to the dollar amount per share of such taxable income and income exempt from Federal income taxation included in the related dividend.

Allocation of Taxable Income. If the Company Fund delivers to the Auction Agent a notice in the form of Exhibit [K] I to the Auction Agent Agency Agreement designating all or a portion of any dividend on shares of Preferred Shares to consist of net capital gains or other income taxable for Federal income tax purposes, the Auction Agent shall deliver such notice to SSB not later than the Business Day following its receipt of such notice from the CompanyFund. On or prior to the Auction Date referred to in such notice, SSB will contact each of its customers that SSB believes to be an Existing Holder of shares of Preferred Shares or a Potential Holder interested in submitting an Order with respect to the Auction to be held on such Auction Date, and SSB will notify such customer of the contents of such notice. SSB will be deemed to have contacted and notified such Existing Holders and Potential Holders if, for each such holder, (i) it makes a reasonable effort to contact such holder by telephone, and (ii) upon failing to contact such holder by telephone it mails or sends by telecopy written notification to such holder at the mailing address or telecopy number, as the case may be, indicated in such holder's most recently submitted Master Purchaser's Letter or at such other address or telecopy number as is indicated in the account records of SSB. The Auction Agent shall be required to notify SSB within two Business Days after each Auction of the Auction Agent's receipt of notice from the Company Fund that such Auction involves an allocation of income taxable for Federal income tax purposes as to the dollar amount per share of such taxable income and income exempt from Federal income taxation included in the related dividend.

Allocation of Taxable Income. If the Company Corporation delivers to the its Auction Agent a notice in the form of Exhibit [K] I to the Auction Agent Agency Agreement designating all or a portion of any dividend on shares of Preferred Shares of the Corporation to consist of net capital gains or other income taxable for Federal income tax purposes, the and BD is a Broker-Dealer for Preferred Shares, such Auction Agent shall deliver such notice to SSB not later than BD on the Business Day following its receipt of such notice from the CompanyCorporation. On or prior to the Auction Date referred to in such notice, SSB BD will contact each of its customers that SSB believes to be an is a Existing Holder of shares of Preferred Shares or a Potential Holder of Preferred Shares interested in submitting an Order with respect to in the Auction to be held on such Auction Date, and SSB BD will notify such customer Existing Holders and Potential Holders of the contents of such notice. SSB BD will be deemed to have contacted and notified such Existing Holders and Potential Holders if, for each such holderof them, (i) it BD makes a reasonable effort to contact such holder Existing Holder or Potential Holder by telephone, and (ii) upon failing to contact such holder Existing Holder or Potential Holder by telephone it BD mails or sends by telecopy written notification to such holder Existing Holder or Potential Holder at the mailing address or telecopy number, as the case may be, indicated in such holder's most recently submitted Master Purchaser's Letter or at such other address or telecopy number as is indicated in the account records of SSBBD. The Auction Agent for the Preferred Shares shall be required to notify SSB BD within two Business Days after each Auction of the Auction Agent's receipt of notice from the Company Corporation that such Auction involves an allocation of income taxable for Federal income tax purposes as to the dollar amount per share of such taxable income and income exempt from Federal income taxation included in the related dividend.