Common use of Designation of Dividend Period Clause in Contracts

Designation of Dividend Period. (a) The ATP Provisions provide that, subject to the Fund's option to designate an Alternate Term Period as referred to in paragraph (b) of this Section 2.5, (i) the Dividend Period (other than the initial Dividend Period) for each series of ATP will be a Standard Term Period. Any such designation of an Alternate Term Period shall be effective only if (i) notice thereof shall have been given as provided herein, (ii) any failure to pay in a timely manner to the Auction Agent the full amount of any dividend on, or the redemption price of, the ATP shall have been cured, (iii) Sufficient Clearing orders shall have existed in an Auction held on the Auction Date immediately preceding the first day of such proposed Dividend Period other than a Standard Term Period, (iv) if the Fund shall have mailed a Notice of Redemption with respect to any shares, the Redemption Price with respect to such shares shall have been deposited with the Auction Agent, and (v) in the case of an Alternate Term Period, the Fund has provided notice and an ATP Basic Maintenance Report to Fitch (if Fitch is then rating the ATP) and Moody's (if Mxxxx'x is then rating the ATP).

Designation of Dividend Period. (a) The ATP Provisions provide that, subject to the Fund's option to designate an Alternate Term Period as referred to in paragraph (b) of this Section 2.5, (i) the initial Dividend Period (other than the initial Dividend Period) for each series of the ATP is as set forth under "Designation" above. The Corporation will be designate the duration of subsequent Dividend Periods of each series of ATP; provided, however, that no such designation is necessary for a Standard Term Period. Any such Period and, provided further, that any designation of an Alternate Term Period shall be effective only if (i) notice thereof shall have been given as provided herein, (ii) any failure to pay in a timely manner to the Auction Agent the full amount of any dividend on, or the redemption price of, the ATP shall have been curedcured as provided above, (iii) Sufficient Clearing orders Orders shall have existed in an Auction held on the Auction Date immediately preceding the first day of such proposed Dividend Period other than a Standard Alternate Term Period, (iv) if the Fund Corporation shall have mailed a Notice of Redemption with respect to any shares, the Redemption Price redemption price with respect to such shares shall have been deposited with the Auction Paying Agent, and (v) in the case of the designation of an Alternate Term Period, the Fund Corporation has confirmed that as of the Auction Date next preceding the first day of such Alternate Term Period, it has Eligible Assets with an aggregate Discounted Value at least equal to the ATP Basic Maintenance Amount, and the Corporation has consulted with the Broker-Dealers and has provided notice of such designation and an ATP Basic Maintenance Report to Fitch (if Fitch is then rating the ATP) and ), Moody's (if Mxxxx'x Xxxxx'x is than rating the ATP) and any Other Rating Agency which is then rating the ATP)ATP and so requires.

Designation of Dividend Period. (a) The ATP Provisions Statement provide that, subject to the Fund's option to designate an Alternate Term a Special Rate Period as referred to in paragraph (b) of this Section 2.5, (i) the Dividend Period (other than the initial Dividend Period) for each series of ATP TAPS will be a Standard Term Rate Period. Any such designation of an Alternate Term a Special Rate Period shall be effective only if (i) notice thereof shall have been given as provided herein, (ii) any failure to pay in a timely manner to the Auction Agent the full amount of any dividend on, or the redemption price of, the ATP TAPS shall have been cured, (iii) Sufficient Clearing orders Bids shall have existed in an Auction held on the Auction Date immediately preceding the first day of such proposed Dividend Period other than a Standard Term Rate Period, (iv) if the Fund shall have mailed a Notice of Redemption with respect to any shares, the Redemption Price with respect to such shares shall have been deposited with the Auction Agent, and (v) in the case of an Alternate Term a Special Rate Period, the Fund has provided notice and an ATP TAPS Basic Maintenance Report to Fitch Moody's (if Fitch Moodx'x is then rating the ATP) and Moody's (if Mxxxx'x is then rating the ATPTAPS).

Designation of Dividend Period. (a) The ATP Provisions provide that, subject to the Fund's option to designate an Alternate Term Period as referred to in paragraph (b) of this Section 2.5, (i) the Dividend Period (other than the initial Dividend Period) for each series of ATP will be a Standard Term Period. Any such designation of an Alternate Term Period shall be effective only if (i) notice thereof shall have been given as provided herein, (ii) any failure to pay in a timely manner to the Auction Agent the full amount of any dividend on, or the redemption price of, the ATP shall have been cured, (iii) Sufficient Clearing orders Orders shall have existed in an Auction held on the Auction Date immediately preceding the first day of such proposed Dividend Period other than a Standard Term Period, (iv) if the Fund shall have mailed a Notice of Redemption with respect to any shares, the Redemption Price with respect to such shares shall have been deposited with the Auction Agent, and (v) in the case of an Alternate Term Period, the Fund has provided notice and an ATP Basic Maintenance Report to Fitch (if Fitch is then rating the ATP) and Moody's (if Mxxxx'x is Moody's i then rating the ATP).

Designation of Dividend Period. (a) The ATP Provisions provide that, subject to the Fund's option to designate an Alternate Term Period as referred to in paragraph (b) of this Section 2.5, (i) the Dividend Period (other than the initial Dividend Period) for each series of ATP will be a Standard Term Period. Any such designation of an Alternate Term Period shall be effective only if (i) notice thereof shall have been given as provided herein, (ii) any failure to pay in a timely manner to the Auction Agent the full amount of any dividend on, or the redemption price of, the ATP shall have been cured, (iii) Sufficient Clearing orders shall have existed in an Auction held on the Auction Date immediately preceding the first day of such proposed Dividend Period other than a Standard Term Period, (iv) if the Fund shall have mailed a Notice of Redemption with respect to any shares, the Redemption Price with respect to such shares shall have been deposited with the Auction Agent, and (v) in the case of an Alternate Term Period, the Fund has provided notice and an ATP Basic Maintenance Report to Fitch (if Fitch is then rating the ATP) and Moody's (if Mxxxx'x Xxxxx'x is then rating the ATP).

Designation of Dividend Period. (a) The ATP Provisions provide that, subject to the Fund's option to designate an Alternate Term Period as referred to in paragraph (b) of this Section 2.5, (i) the initial Dividend Period (other than for ATP Series C is as set forth under 'Designation" above. The Corporation will designate the initial duration of subsequent Dividend Period) for each series Periods of ATP will be Series C; provided, however, that no such designation is necessary for a Standard Term Period. Any such Period and, provided further, that any designation of an Alternate Term Period shall be effective only if (i) notice thereof shall have been given as provided herein, (ii) any failure to pay in a timely manner to the Auction Agent the full amount of any dividend on, or the redemption price of, the ATP Series C shall have been curedcured as provided above, (iii) Sufficient Clearing orders Orders shall have existed in an Auction held on the Auction Date immediately preceding the first day of such proposed Dividend Period other than a Standard Alternate Term Period, (iv) if the Fund Corporation shall have mailed a Notice of Redemption with respect to any shares, the Redemption Price redemption price with respect to such shares shall have been deposited with the Auction Paying Agent, . and (v) in the case of the designation of an Alternate Term Period, the Fund Corporation has confirmed that as of the Auction Date next preceding the first day of such Alternate Term Period, it has Eligible Assets with an aggregate Discounted Value at least equal to the ATP Basic Maintenance Amount, and the Corporation has consulted with the Broker-Dealers and has provided notice of such designation and an ATP Basic Maintenance Report to Fitch (if Fitch is then rating the ATP) and ), Moody's (if Mxxxx'x Xxxxx'x is than rating the ATP) and any Other Rating Agency which is then rating the ATP)ATP and so requires.

Designation of Dividend Period. (a) The ATP Provisions Statement provide that, subject to the Fund's option to designate an Alternate Term a Special Rate Period as referred to in paragraph (b) of this Section 2.5, (i) the Dividend Period (other than the initial Dividend Period) for each series of ATP TAPS will be a Standard Term Rate Period. Any such designation of an Alternate Term a Special Rate Period shall be effective only if (i) notice thereof shall have been given as provided herein, (ii) any failure to pay in a timely manner to the Auction Agent the full amount of any dividend on, or the redemption price of, the ATP TAPS shall have been cured, (iii) Sufficient Clearing orders Bids shall have existed in an Auction held on the Auction Date immediately preceding the first day of such proposed Dividend Period other than a Standard Term Rate Period, (iv) if the Fund shall have mailed a Notice of Redemption with respect to any shares, the Redemption Price with respect to such shares shall have been deposited with the Auction Agent, and (v) in the case of an Alternate Term a Special Rate Period, the Fund has provided notice and an ATP TAPS Basic Maintenance Report to Fitch Moody's (if Fitch Xxxxx'x is then rating the ATP) and Moody's (if Mxxxx'x is then rating the ATPTAPS).

Designation of Dividend Period. (a) The ATP TARPS Provisions provide that, subject to the Fund's option to designate an Alternate Term Period as referred to in paragraph (b) of this Section 2.5, (i) the Dividend Period (other than the initial Dividend Period) for each series of ATP TARPS will be a Standard Term Period. Any such designation of an Alternate Term Period shall be effective only if (i) notice thereof shall have been given as provided herein, (ii) any failure to pay in a timely manner to the Auction Agent the full amount of any dividend on, or the redemption price of, the ATP TARPS shall have been cured, (iii) Sufficient Clearing orders shall have existed in an Auction held on the Auction Date immediately preceding the first day of such proposed Dividend Period other than a Standard Term Period, (iv) if the Fund shall have mailed a Notice of Redemption with respect to any shares, the Redemption Price with respect to such shares shall have been deposited with the Auction Agent, and (v) in the case of an Alternate Term Period, the Fund has provided notice and an ATP TARPS Basic Maintenance Report to Fitch (if Fitch is then rating the ATPTARPS) and Moody's (if Mxxxx'x Xxxxx'x is then rating the ATPTARPS).