Common use of Designation of Special Rate Period Clause in Contracts

Designation of Special Rate Period. (a) If the Company delivers to the Auction Agent a notice of the Auction Date for Preferred Shares for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit [E] to the Auction Agency Agreement, the Auction Agent shall deliver such notice to SSB as promptly as practicable after its receipt of such notice from the Company.

Appears in 2 contracts

Samples: Dealer Agreement (Zenix Income Fund Inc), Dealer Agreement (Zenix Income Fund Inc)

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Designation of Special Rate Period. (a) If the Company delivers to the Auction Agent a notice of the Auction Date for Preferred Shares for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit [E] C to the Auction Agency Agreement, the Auction Agent shall deliver such notice to SSB as promptly as practicable after its receipt of such notice from the Company.

Appears in 1 contract

Samples: Broker Dealer Agreement (Smith Barney Intermediate Municipal Fund Inc)

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Designation of Special Rate Period. (a) If the Company Fund delivers to the Auction Agent a notice of the Auction Date for Preferred Shares for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit [E] C to the Auction Agency Agreement, the Auction Agent shall deliver such notice to SSB as promptly as practicable after its receipt of such notice from the CompanyFund.

Appears in 1 contract

Samples: Broker Dealer Agreement (Managed Municipals Portfolio Inc)

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