Common use of Dividends and Redemption Price Clause in Contracts

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred Shares, and (ii) on any date fixed for redemption, the redemption price of any Preferred Shares called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Trust as set forth in Section 2 of Part I of the Certificate. The redemption price to be paid by the Paying Agent to the Holders of any Preferred Shares called for redemption will be determined as set forth in Section 3 of Part I of the Certificate. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a Notice of Redemption.

Appears in 3 contracts

Samples: Auction Agency Agreement (Ing Prime Rate Trust), Form of Auction Agency Agreement (Pilgrim Prime Rate Trust), Auction Agency Agreement (Ing Prime Rate Trust)

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Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust Company described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred ARP Shares, and (ii) on any date fixed for redemption, the redemption price of any Preferred ARP Shares called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Trust Company as set forth in Section 2 of Part I of the CertificateStatement. The redemption price to be paid by the Paying Agent to the Holders of any Preferred ARP Shares called for redemption will be determined as set forth in Section 3 of Part I of the CertificateStatement. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in a the Notice of Redemption.

Appears in 3 contracts

Samples: Auction Agency Agreement (Kayne Anderson Energy Total Return Fund, Inc.), Auction Agency Agreement (Kayne Anderson MLP Investment CO), Auction Agency Agreement (Kayne Anderson MLP Investment CO)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred SharesAMPS, and (ii) on any date fixed for redemption, the redemption price of any Preferred Shares shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Trust Fund as set forth in Section 2 of Part I of the CertificateStatement of Preferences. The redemption price to be paid by the Paying Agent to the Holders of any Preferred Shares shares of AMPS called for redemption will be determined as set forth in Section 3 10 of Part I of the CertificateStatement of Preferences. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a the Notice of Redemption. IV.

Appears in 3 contracts

Samples: Auction Agency Agreement (Clough Global Allocation Fund), Auction Agency Agreement (Clough Global Opportunities Fund), Auction Agency Agreement (Clough Global Opportunities Fund)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred SharesAMPS, and (ii) on any date fixed for redemption, the redemption price of any Preferred Shares shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Trust Fund as set forth in Section 2 of Part I of the CertificateStatement of Preferences. The redemption price to be paid by the Paying Agent to the Holders of any Preferred Shares shares of AMPS called for redemption will be determined as set forth in Section 3 10 of Part I of the CertificateStatement of Preferences. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a the Notice of Redemption.

Appears in 2 contracts

Samples: Auction Agency Agreement (Clough Global Equity Fund), Auction Agency Agreement (Reaves Utility Income Fund)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred Shares, and (ii) on any date fixed for redemption, the redemption price of any Preferred Shares called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Trust Fund as set forth in Section 2 of Part I of the CertificateStatement. The redemption price to be paid by the Paying Agent to the Holders of any Preferred Shares called for redemption will be determined as set forth in Section 3 of Part I of the CertificateStatement. The Paying Agent shall have no duty to determine the redemption price and may conclusively rely on the amount thereof set forth in a the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (First Trust/Four Corners Senior Floating Rate Income Fund)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred SharesAMPS, and (ii) on any date fixed for redemption, the redemption price of any Preferred Shares shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Trust Fund as set forth in Section Paragraph 2 of Part I of the CertificateStatement. The redemption price to be paid by the Paying Agent to the Holders of any Preferred Shares shares of AMPS called for redemption will be determined by the Fund as set forth in Section 3 of Part I Paragraph 4 of the CertificateStatement. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (Mbia Capital Claymore Man Dur Inv GRD Muni Fund)

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Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred SharesAMPS, and (ii) on any date fixed for redemption, the redemption price Redemption Price of any Preferred Shares AMPS called for redemption. The amount of dividends for any Dividend Rate Period to be paid by the Paying Agent to Holders will be determined by the Trust Fund as set forth in Section 2 of Part I of the CertificateStatement. The redemption price Redemption Price to be paid by the Paying Agent to the Holders of any Preferred Shares AMPS called for redemption will be determined as set forth in Section 3 of Part I of the CertificateStatement. The Paying Agent shall have no duty to determine the redemption price Redemption Price and may conclusively rely on the amount thereof set forth in a the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (First Trust Four Corners Senior Floating Rate Income Fund Ii)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust Company described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred AMP Shares, and (ii) on any date fixed for redemption, the redemption price of any Preferred AMP Shares called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Trust Company as set forth in [Part I, Section 2 of Part I 2] of the CertificateStatement. The redemption price to be paid by the Paying Agent to the Holders of any Preferred AMP Shares called for redemption will be determined as set forth in [Part I, Section 3 of Part I of 3]of the CertificateStatement. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in a the Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (Boulder Growth & Income Fund)

Dividends and Redemption Price. After receipt of the Federal Funds or similar same-day funds and instructions from the Trust Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each corresponding Dividend Payment Date, dividends on the Preferred Shares, and (ii) on any date fixed for redemption, the redemption price of any shares of Preferred Shares called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Trust Fund as set forth in Section 2 of Part I of the CertificateStatement. The redemption price to be paid by the Paying Agent to the Holders of any shares of Preferred Shares called for redemption will be determined as set forth in Section 3 of Part I of the CertificateStatement. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in a Notice of Redemption.

Appears in 1 contract

Samples: Auction Agency Agreement (Aim Select Real Estate Income Fund)

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