Common use of Covenants of the Underwriter Clause in Contracts

Covenants of the Underwriter. The Underwriter covenants and agrees with the Fund as follows: (a) It will sell Shares only to a person who has agreed to execute and deliver or who has already executed and delivered a Master ▇▇▇▇▇▇▇▇▇'s Letter (as defined in the Prospectus) in accordance with the terms of the Prospectus. (b) No later than Closing Time, it will execute and deliver a Master ▇▇▇▇▇▇▇▇▇'s Letter in accordance with the terms of the Prospectus. (c) No later than the second business day succeeding Closing Time, it will provide the Fund and the Auction Agent (as defined in the Prospectus) with a list of the persons to whom it has sold Shares, the number of Shares sold to each such person and the number of Shares it is holding as of the date of such notice.

Appears in 1 contract

Sources: Purchase Agreement (Muniyield Florida Fund)

Covenants of the Underwriter. The Underwriter covenants and ---------------------------- agrees with the Fund as follows: (a) It will sell Shares only to a person who has agreed to execute and deliver or who has already executed and delivered a Master ▇▇▇▇▇▇▇▇▇'s Letter (as defined in the Prospectus) in accordance with the terms of the Prospectus. (b) No later than Closing Time, it will execute and deliver a Master ▇▇▇▇▇▇▇▇▇'s Letter in accordance with the terms of the Prospectus. (c) No later than the second business day succeeding Closing Time, it will provide the Fund and the Auction Agent (as defined in the Prospectus) with a list of the persons to whom it has sold Shares, the number of Shares sold to each such person and the number of Shares it is holding as of the date of such notice.

Appears in 1 contract

Sources: Purchase Agreement (Muniyield New York Insured Fund Inc)

Covenants of the Underwriter. The Underwriter covenants and agrees with the Fund as follows: (a) It will sell Shares only to a person who has agreed to execute and deliver or who has already executed and delivered a Master ▇▇▇▇▇▇▇▇▇Purchaser's Letter (as defined in the Prospectus) in accordance with the terms ▇▇▇ ▇▇▇▇▇ of the Prospectus. (b) No later than Closing Time, it will execute and deliver a Master ▇▇▇▇▇▇▇▇▇Purchaser's Letter in accordance with the terms of the Prospectus. (c) No later than the second business day succeeding Closing Time, it will provide the Fund and the Auction Agent (as defined in the Prospectus) with a list of the persons to whom it has sold Shares, the number of Shares sold to each such person and the number of Shares it is holding as of the date of such notice.

Appears in 1 contract

Sources: Purchase Agreement (Muniyield Fund Inc)

Covenants of the Underwriter. The Underwriter covenants and agrees with the Fund as follows: (a) It will sell Shares only to a person who has agreed to execute and deliver or who has already executed and delivered a Master ▇▇▇▇▇▇▇▇▇'s ’s Letter (as defined in the Prospectus) in accordance with the terms of the Prospectus. (b) No later than Closing Time, it will execute and deliver a Master ▇▇▇▇▇▇▇▇▇'s ’s Letter in accordance with the terms of the Prospectus. (c) No later than the second business day succeeding Closing Time, it will provide the Fund and the Auction Agent (as defined in the Prospectus) with a list of the persons to whom it has sold Shares, the number of Shares sold to each such person and the number of Shares it is holding as of the date of such notice.

Appears in 1 contract

Sources: Purchase Agreement (Muniyield Michigan Fund Inc)