Common use of Issuance of VMTP Shares Clause in Contracts

Issuance of VMTP Shares. Certain of the Funds intend to issue series of preferred shares to be designated as Variable Rate MuniFund Term Preferred Shares pursuant to a Statement Establishing and Fixing the Rights and Preferences of Variable Rate MuniFund Term Preferred Shares (each, a “Statement”). In connection with such Statement, the Transfer Agent has agreed to serve as Redemption and Paying Agent as described in the Statement and provide the services solely as set forth herein.

Appears in 6 contracts

Samples: Transfer Agency and Service Agreement (Nuveen Preferred Income Opportunities Fund), Transfer Agency and Service Agreement (Nuveen California Dividend Advantage Municipal Fund), Transfer Agency and Service Agreement (Diversified Real Asset Income Fund)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!