Declaration of Dividends. Upon receipt of a written notice from the President, any Vice President, Secretary, Assistant Secretary, Treasurer or Assistant Treasurer of Customer declaring the payment of a dividend, Transfer Agent shall disburse such dividend payments provided that in advance of such payment, Customer furnishes Transfer Agent with sufficient funds. The payment of such funds to Transfer Agent for the purpose of being available for the payment of dividend checks from time to time is not intended by Customer to confer any rights in such funds on Fund Shareholders whether in trust or in contract or otherwise.
Appears in 12 contracts
Samples: Agency and Service Agreement (Blackrock Corporate High Yield Fund Vi, Inc.), Agency and Service Agreement (BlackRock Multi-Sector Income Trust), Agreement (BlackRock Municipal Target Term Trust)
Declaration of Dividends. Upon receipt of a written notice from the President, any Vice President, Secretary, Assistant Secretary, Treasurer or Assistant Treasurer of Customer declaring the payment of a dividend, . Transfer Agent shall disburse such dividend payments provided that in advance of such payment, Customer furnishes Transfer Agent with sufficient funds. The payment of such funds to Transfer Agent for the purpose of being available for the payment of dividend checks from time to time is not intended by Customer to confer any rights in such funds on Fund Shareholders whether in trust or in contract or otherwise.
Appears in 4 contracts
Samples: VRDP Shares Purchase Agreement (Blackrock Muniholdings New Jersey Quality Fund, Inc.), Agency and Service Agreement (BlackRock Resources & Commodities Strategy Trust), Agency and Service Agreement (Blackrock Debt Strategies Fund, Inc.)
