AUCTION AGENT AS TRUSTEE OF REDEMPTION PAYMENTS BY TRUST. All moneys paid to the Auction Agent for payment of the Redemption Price of Preferred Shares called for redemption shall be held in trust by the Auction Agent for the benefit of Holders of shares so to be redeemed.
Appears in 21 contracts
Samples: Bylaws (RMR Real Estate Income Fund), Bylaws (RMR Dividend Capture Fund), Bylaws (RMR Dividend Capture Fund)
AUCTION AGENT AS TRUSTEE OF REDEMPTION PAYMENTS BY TRUST. All moneys paid to the Auction Agent for payment of the Redemption Price of shares of Municipal Preferred Shares called for redemption shall be held in trust by the Auction Agent for the benefit of Holders of shares so to be redeemed.
Appears in 8 contracts
Samples: By Laws (Colonial California Insured Municipal Fund), By Laws (Colonial Insured Municipal Fund), By Laws (Colonial California Insured Municipal Fund)
