Common use of Designation of Special Rate Period Clause in Contracts

Designation of Special Rate Period. (a) The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any series of APS will have a duration of twenty-eight days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of APS that is other than twenty-eight days will be twenty-eight days in duration. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not twenty-eight days in duration, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for such series in the form of Exhibit C hereto and (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Trust.

Designation of Special Rate Period. (a) The Statement will provide that, subject to the Trust's ’s option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any series of APS will have a duration of seven or twenty-eight days, as applicable, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of APS that is other than seven or twenty-eight days days, as applicable, will be seven or twenty-eight days in duration, as applicable. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not seven or twenty-eight days in duration, as applicable, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for such series in the form of Exhibit C hereto and (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Trust.

Designation of Special Rate Period. (a) The Statement will provide that, subject to the Trust's ’s option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any series of APS will have a duration of twenty-eight days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of APS that is other than twenty-eight days will be twenty-eight days in duration. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not twenty-eight days in duration, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for such series in the form of Exhibit C hereto and (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Trust.

Designation of Special Rate Period. (a) The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any series of APS will have a duration of seven or twenty-eight days, as applicable, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of APS that is other than seven or twenty-eight days days, as applicable, will be seven or twenty-eight days in duration, as applicable. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not seven or twenty-eight days in duration, as applicable, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for such series in the form of Exhibit C hereto and (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Trust.