Common use of Broker-Dealers Clause in Contracts

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven-day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted and (ii) in the case of any Special Rate Period, the amount determined by mutual consent of the Fund and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the Fund. (c) The Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund shall request in writing.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven-day or twenty-eight-day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 [25,000] times (D) the sum of the aggregate number of outstanding Preferred Shares AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the Fund. (c) The Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund shall request in writing.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding shares of the series of AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated to xxx xx a Broker-Dealer. (x) The Xxxxion Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding shares of the series of AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated to xxx xx a Broker-Dealer. (x) Thx Xxxtion Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding shares of the series of AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated to axx xx x Broker-Dealer. (x) Xhe Xxxxxon Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Trust shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Trust and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Trust any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Trust may designate an Affiliate or Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated to act as a Broker-Dealer. (c) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundTrust. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Trust shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Trust shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Trust and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Trust any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Trust may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated to xxx xx a Broker-Dealer. (x) The Xxxxion Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundTrust. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Trust shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted Outstanding shares of AMPS and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporatxx xx xct as a Broker-Dealer. (x) Xxe Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a1) Not later than 12:00 noon on each Auction Date, the Fund Trust shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360365, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares shares of APS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Trust and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Trust any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b2) The Auction Agent Trust shall terminate not designate any Person to act as a Broker- Dealer, or permit a Existing Holder or a Potential Beneficial Owner to participate in Auctions through any Person other than a Broker-Dealer Agreement as set forth therein if so directed in writing by Dealer, without the Fund. (c) The prior written approval of the Auction Agent from time to time Agent, which approval shall enter into such Broker-Dealer Agreements as the Fund shall request in writing.not be withheld

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted Outstanding AMPS and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 2.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 2.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated tx xxx xs a Broker-Dealer. (c) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding shares of AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated to xxx xx a Broker-Dealer. (x) The Xxxxion Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted Outstanding shares of AMPS and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated xx xxx as a Broker-Dealer. (c) Xxx Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding shares of the series of AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporxxxx xx act as a Broker-Xxxxxr. (c) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 50,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding APS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 2.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 2.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated tx xxx xs a Broker-Dealer. (x) Txx Xxction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding shares of the series of AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated xx xxx as a Broker-Dealer. (c) Xxx Xuction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend PeriodPeriod (with respect to Series M7) or a 28-Day Dividend Period (with respect to Series W28), the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the Fund. (c) The Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund shall request in writing.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted Outstanding shares of AMPS and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated to xxx xx a Broker-Dealer. (x) The Xxxxion Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted Outstanding shares of AMPS and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated to acx xx x Broker-Dealer. (x) Xxe Axxxxxn Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction DateDate for any series of Preferred Shares, the Fund shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven-day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted and (ii) in the case of any Special Rate Period, the amount determined by mutual consent of the Fund and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the Fund. (c) The Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund shall request in writing.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven28-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted Outstanding shares of AMPS and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporatxx xx xct as a Broker-Dealer. (x) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted Outstanding shares of AMPS and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Company may designate an Affiliate or Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated to act as a Broker-Dealer. (c) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction DateDate for each Share, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to the product of (i) in the case of any Auction Date immediately preceding a seven-day Regular Dividend Period, the product of (A) a fraction fraction, the numerator of which is the number of days in such Regular Dividend Period (calculated by counting the first day of such Regular Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (Bii) 1/4 of 1%0.0025, times (Ciii) $25,000 100,000, times (Div) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to of the Auction Agent pursuant to this Section 2.5(a2.6(a). (b) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. The Auction Agent shall not terminate a Broker-Dealer Agreement without the prior written consent of the Company. (c) The Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (d) The Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares Outstanding shares of AMPS for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Auction Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporated to axx xx x Broker-Dealer. (x) Xhe Xxxxxon Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven-day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Fund may designate an Affiliate or Xxxxxxx Xxxxx Barney Inc. to act as a Broker-Dealer. (c) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the Fund. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund shall request direct in writing. (e) The Auction Agent shall maintain a list of Broker-Dealers.

Broker-Dealers. (a) Not later than 12:00 noon on each Auction Date, the Fund Company shall pay to the Auction Agent in Federal Funds or similar same-day funds an amount in cash equal to (i) in the case of any Auction Date immediately preceding a seven7-day Day Dividend Period, the product of (A) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the denominator of which is 360, times (B) 1/4 of 1%, times (C) $25,000 times (D) the sum of the aggregate number of outstanding Preferred Shares for which the Auction is conducted Outstanding shares of AMPS and (ii) in the case of any Special Rate Dividend Period, the amount determined by mutual consent of the Fund Company and the Broker-Dealers pursuant to Section 3.5 of the Broker-Dealer Agreements. The Auction Agent shall apply such moneys as set forth in Section 3.5 of the Broker-Dealer Agreements and shall thereafter remit to the Fund Company any remaining funds paid to the Auction Agent pursuant to this Section 2.5(a). (b) The Company may designate an Affiliate or Merrill Lynch, Pierce, Fenner & Smith Incorporxxxx xx act as a Broker-Xxxxxr. (c) The Auction Agent shall terminate any Broker-Dealer Agreement as set forth therein if so directed in writing by the FundCompany. (cd) The Subject to Section 2.5(b) hereof, the Auction Agent from time to time shall enter into such Broker-Dealer Agreements as the Fund Company shall request in writingrequest. (e) Subject to Section 2.2(a), the Auction Agent shall maintain a list of Broker-Dealers.