Common use of Depositary Services Clause in Contracts

Depositary Services. Designating an operational team to carry out Depositary Agent duties • Reviewing the Depositary Agreement and other legal documents • Interfacing with Information Agent, as necessary • Reviewing the Communication Package (i.e., Letter of Transmittal (LT), enclosure letter(s), Q&A brochure) and other documentation • Converting Nuveen’s shareholder files to Computershare’s corporate actions system • Mailing offering materials to registered shareholders • Coordinating tender offer with The Depository Trust and Clearing Corporation to facilitate tenders from brokers and street shareholders • Receiving, opening and processing returned LTs • Curing defective LTs, including telephoning and writing shareholders in connection with unsigned or improperly executed LTs • Mailing proper documentation to shareholders whose certificates are alleged to have been lost, stolen, or destroyed, in order to effect the exchange without certificate surrender, if applicable • Canceling surrendered certificates • Tracking and reporting the number of shares submitted and the submitting shareholders, as required • Prorating tendered shares, as required • Calculating and issuing checks and shares not accepted in the tender offer following the expiration of the offer, assuming receipt of properly executed Letters of Transmittal and surrender of shares • Issuing tax forms and filing tax information with the IRS, as required • Enclosing and mailing checks, Forms 1099-B and letters or notices to shareholders • Replacing checks alleged to have been lost or destroyed