Common use of Designation of Special Rate Period Clause in Contracts

Designation of Special Rate Period. (a) If the Trust delivers to its Auction Agent a notice of the Auction Date for any series of Preferred Shares of the Trust for a Rate Period thereof that next succeeds a Rate period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-.Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Trust.

Designation of Special Rate Period. (a) If the Trust delivers to its Auction Agent a notice of the Auction Date for any series of Preferred Shares AMPS of the Trust for a Rate Period thereof that next succeeds a Rate period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-.Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Trust.