Auction Schedule; Method of Submission of Orders. (a) The Funds and the Auction Agent shall conduct Auctions for each series of Preferred Shares in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Fund, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Funds and the Broker-Dealers of the Maximum Rate as set forth in Section 3.2(a) hereof.
Auction Schedule; Method of Submission of Orders. (a) The Fund and the Auction Agent shall conduct Auctions for Preferred Shares in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Fund, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. Time Event ---- -----
Auction Schedule; Method of Submission of Orders. (a) Each Fund and the Auction Agent for such Fund shall conduct Auctions for MuniPreferred in accordance with the schedule set forth below. Such schedule with respect to any series of MuniPreferred of any Fund may be changed by the Auction Agent for such series with the consent of such Fund, which consent shall not be unreasonably withheld. Such Auction Agent shall give written notice of any such change to each Broker-Dealer of such series. Such notice shall be given prior to the close of business on the Business Day next preceding the first Auction Date on which such change shall be effective. Time Event ---- ----- By 9:30 A.M. Auction Agent for such series advises such Fund and the Broker-Dealers for such series of the applicable Maximum Rate and the Reference Rate(s) and Treasury Note Rate(s), as the case may be, used in determining such Maximum Rate as set forth in Section 2.2(a) hereof.
Auction Schedule; Method of Submission of Orders. (a) The Fund and the Auction Agent shall conduct Auctions for AMPS in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Fund, which consent shall not be withheld unreasonably. The Auction Agent shall give written notice of any such change to BD, which shall have the right to review such change. Such notice shall be received one Business Day prior to the first Auction Date on which any such change shall be effective. Time Event By 9:30 A.M. Auction Agent shall advise the Fund and the Broker-Dealers of the Maximum Rate and the Reference Rate(s) as set forth in Section 3.2(a) hereof. 9:30 A.M. - 1:30 P.M. Auction Agent shall assemble information communicated to it by Broker-Dealers as provided in Section 3(a) of Part II of the Statement of Preferences. Submission Deadline is 1:30 P.M. Not earlier than 1:30 P.M. Auction Agent shall make determinations pursuant to Section 3(a) of Part II of the Statement of Preferences. By approximately 3:30 P.M. Auction Agent shall advise the Fund of the results of the Auction as provided in Section 3(b) of Part II of the Statement of Preferences. Submitted Bids and Submitted Sell Orders will be accepted and rejected in whole or in part and AMPS will be allocated as provided in Section 4 of Part II of the Statement of Preferences. Auction Agent shall give notice of the Auction results as set forth in Section 3.4(a) hereof.
(b) BD may designate one or more individuals in its organization who will coordinate its procedures in connection with Auctions and purchases and sales of the AMPS.
(c) BD agrees to maintain a list of Potential Beneficial Owners and, subject to existing laws and regulations, to contact the Potential Beneficial Owners on such list whom BD believes may be interested in participating in the Auction on or prior to each Auction Date for the purposes set forth in Section 2 of Part II of the Statement of Preferences. Nothing herein shall require BD to submit an order for any Potential Beneficial Owner in any Auction.
(d) BD shall submit Orders to the Auction Agent in writing in substantially the form attached hereto as Exhibit A. BD shall submit separate Orders to the Auction Agent for each Potential Beneficial Owner or Beneficial Owner on whose behalf BD is submitting an Order and shall not net or aggregate the Orders of Potential Beneficial Owners or Beneficial Owners on whose behalf BD is submitting Orders.
(e) BD shall deliver to ...
Auction Schedule; Method of Submission of Orders. (a) The Fund and the Auction Agent shall normally conduct Auctions weekly (usually Monday for Series A, Tuesday for Series B, Wednesday for Series C, Thursday for Series D and Friday for Series E) in accordance with the schedule set forth below. Time Event ---- ----- By 9:30 A.M. Auction Agent shall advise the Fund and the Broker-Dealers of the Reference Rate and the Maximum Rate as set forth in Section 3.2(a) hereof.
Auction Schedule; Method of Submission of Orders. (a) The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Trust, which consent shall not be unreasonably withheld. The Auction Agent shall give written notice of any such change to BD which shall have the right to review such change. Such notice shall be received one Business Day prior to the first Auction Date on which any such change shall be effective. By 9:30 a.m. Auction Agent advises the Trust and the Broker-Dealer of the applicable Maximum Rate and the Reference Rate(s) and Treasury Note Rate(s) as set forth in Section 2.2(a) hereof.
Auction Schedule; Method of Submission of Orders. (a) The Trust and the Auction Agent shall conduct Auctions for APS in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Trust, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. TIME EVENT ---- ----- By: 9:30 A.M. Auction Agent advises the Trust and Broker-Dealers of the Reference Rate and the Maximum Applicable Rate.
Auction Schedule; Method of Submission of Orders. (a) The Company and the Auction Agent shall conduct Auctions for the Tortoise Notes in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Company, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to Broker-Dealer. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. Time Event By 9:30 a.m. The Auction Agent shall advise the Company and the Broker-Dealers of the Reference Rate and the Maximum Rate as set forth in Section 3.2(a) hereof.
Auction Schedule; Method of Submission of Orders. (a) The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Trust, which consent shall not be unreasonably withheld. The Auction Agent shall give written notice of any such change to BD which shall have the right to review such change. Such notice shall be received one Business Day prior to the first Auction Date on which any such change shall be effective. TIME EVENT ---- ----- By 9:30 a.m. Auction Agent advises the Trust and the Broker-Dealer of the applicable Maximum Rate and the Reference Rate(s) and Treasury Note Rate(s) as set forth in Section 2.2(a) hereof.
Auction Schedule; Method of Submission of Orders. (a) The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Company, which consent shall not be unreasonably withheld. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. Time Event By 9:30 a.m. Auction Agent advises the Company and the Broker-Dealer of the applicable Maximum Rate and the 30-Day "AA" Composite Commercial Paper Rate used in determining such rate as set forth in Section 2.2(a) hereof.
