Common use of ISSUANCE AND TRANSFER OF SHARES Clause in Contracts

ISSUANCE AND TRANSFER OF SHARES. 1. The Bank will issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and the Bank shall be entitled to rely upon such written notification. The Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Customer in connection with the issuance of any Shares.

Appears in 71 contracts

Samples: Stock Transfer Agency Agreement (Reaves Utility Income Fund), Stock Transfer Agency Agreement (Guggenheim Strategic Opportunities Fund), Stock Transfer Agency Agreement (S&P 500 Covered Call Fund Inc.)

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ISSUANCE AND TRANSFER OF SHARES. 1. (a) The Bank will issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and the Bank shall be entitled to rely upon such written notification. The Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Customer in connection with the issuance of any Sharesshares.

Appears in 12 contracts

Samples: Agreement (Muniyield Michigan Fund Inc), Agreement (Muniassets Fund Inc), Agreement (Muniyield California Fund Inc)

ISSUANCE AND TRANSFER OF SHARES. 1. The Bank will countersign and issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and the Bank shall be entitled to rely upon such written notification. The Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Customer in connection with the issuance of any Shares.

Appears in 2 contracts

Samples: Stock Transfer Agency Agreement (TAC Acquisition Corp.), Stock Transfer Agency Agreement (Global Logistics Acquisition CORP)

ISSUANCE AND TRANSFER OF SHARES. 1. The Bank will issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has ha been suspended or discontinued, and the Bank shall be entitled to rely upon such written notification. The Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Customer in connection with the issuance of any Shares.

Appears in 2 contracts

Samples: Stock Transfer Agency Agreement (R Tec Technologies Inc), Stock Transfer Agency Agreement (R Tec Technologies Inc)

ISSUANCE AND TRANSFER OF SHARES. 1. I. The Bank will issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and the Bank shall be entitled to rely upon such written notification. The Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Customer in connection with the issuance of any Shares.

Appears in 1 contract

Samples: Stock Transfer Agency Agreement (Fiduciary/Claymore Dynamic Equity Fund)

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ISSUANCE AND TRANSFER OF SHARES. 1. (a) The Bank will issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and the Bank shall be entitled to rely upon such written notification. The Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Customer in connection with the issuance of any Shares.

Appears in 1 contract

Samples: Agreement (Munivest Fund Inc)

ISSUANCE AND TRANSFER OF SHARES. 1. i. The Bank will issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and the Bank shall be entitled to rely upon such written notification. The Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Customer in connection with the issuance of any Shares.

Appears in 1 contract

Samples: Stock Transfer Agency Agreement (Dreman Claymore Dividend & Income Fund)

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