Common use of Notice of Revocation Clause in Contracts

Notice of Revocation. If the Company is prohibited from giving a Notice of Special Dividend Period as a result of the factors enumerated in clause (i), (ii), (iii) or (iv) of the preceding sentence or if the Company gives a Notice of Revocation with respect to a Notice of Special Dividend Period, the next succeeding Dividend Period will be a 28-day Dividend Period in the case of the Series M28 Preferred Shares and a 7-day Dividend Period in the case of the Series M7 Preferred Shares, provided that if the then-current Dividend Period in the case of the Series M28 Preferred Shares is a Special Dividend Period of less than 28 days, the next succeeding Dividend Period will be the same length as the current Dividend Period. In addition, in the event suf- ficient Clearing Bids are not made in any Auction or an Auction is not held for any reason, the next succeeding Dividend period will be a 28-day Dividend Period (in the case of Series M28 Preferred Shares) or a 7-day Dividend Period (in the case of Series M7 Preferred Shares) and the Company may not again give a Notice of Special Dividend period (and any such attempted notice shall be null and void) until sufficient Clearing Bids have been made in an Auction with respect to a 28-day Dividend Period (in the case of Series M28 Preferred Shares or a 7-day Dividend period (in the case of Series M7 Preferred Shares).

Appears in 1 contract

Samples: Auction Agent Agreement (Blackrock Insured Municipal Term Trust Inc)

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Notice of Revocation. If the Company is prohibited from giving a Notice of Special Dividend Period as a result of the factors enumerated in clause (i), (ii), (iii) or (iv) of the preceding sentence or if the Company gives a Notice of Revocation with respect to a Notice of Special Dividend Period, the next succeeding Dividend Period will be a 28-day Dividend Period in the case of the Series M28 T28 Preferred Shares and a 7-day Dividend Period in the case of the Series M7 T7 Preferred Shares, provided that if the then-current Dividend Period in the case of the Series M28 T28 Preferred Shares is a Special Dividend Period of less than 28 days, the next succeeding Dividend Period will be the same length as the current Dividend Period. In addition, in the event suf- ficient sufficient Clearing Bids are not made in any Auction or an Auction is not held for any reason, the next succeeding Dividend period Period will be a 28-day Dividend Period (in the case of Series M28 T28 Preferred Shares) or a 7-day Dividend Period (in the case of Series M7 T7 Preferred Shares) and the Company may not again give a Notice of Special Dividend period Period (and any such attempted notice shall be null and void) until sufficient Clearing Bids have been made in an Auction with respect to a 28-day Dividend Period (in the case of Series M28 T28 Preferred Shares Shares) or a 7-day Dividend period Period (in the case of Series M7 T7 Preferred Shares).

Appears in 1 contract

Samples: Auction Agent Agreement (Blackrock Investment Quality Municipal Trust Inc)

Notice of Revocation. If the Company is prohibited from giving a Notice of Special Dividend Period as a result of the factors enumerated in clause (ix), (ii), (iiiy) or (ivz) of the preceding sentence or if the Company gives a Notice of Revocation with respect to a Notice of Special Dividend Period, the next succeeding Dividend Period will be a 28-28- day Dividend Period in the case of the Series M28 Preferred Shares A AMPS and a 7-day Dividend Period in the case of the Series M7 Preferred SharesB AMPS, provided that if the then-current Dividend Period in the case of the for Series M28 Preferred Shares A AMPS or Series B AMPS is a Special Dividend Period of less than 28 days, the next succeeding Dividend Period will be the same length as the current Dividend Period. In addition, in the event suf- ficient sufficient Clearing Bids are not made in any Auction or an Auction is not held for any reason, the next succeeding Dividend period Period will be a 28-day Dividend Period (in the case of Series M28 Preferred SharesA AMPS) or a 7-day Dividend Period (in the case of Series M7 Preferred SharesB AMPS) and the Company may not again give a Notice of Special Dividend period Period (and any such attempted notice shall be null and void) until sufficient Clearing Bids have been made in an Auction with respect to a 28-day Dividend Period (in the case of Series M28 Preferred Shares A AMPS) or a 7-7- day Dividend period Period (in the case of Series M7 Preferred SharesSeries-B AMPS).

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield New York Insured Fund Inc)

Notice of Revocation. If the Company is prohibited from giving a Notice of Special Dividend Period as a result of the factors enumerated in clause (i), (ii), (iii) or (iv) of the preceding sentence or if the Company gives a Notice of Revocation with respect to a Notice of Special Dividend Period, the next succeeding Dividend Period will be a 28-day Dividend Period in the case of the Series M28 F28 Preferred Shares and a 7-day Dividend Period in the case of the Series M7 F7 Preferred Shares, Shares provided that if the then-current Dividend Period 7 in the case of the Series M28 F28 Preferred Shares is a Special Dividend Period of less than 28 days, the next succeeding Dividend Period will be the same length as the current Dividend Period. In addition, in the event suf- ficient sufficient Clearing Bids are not made in any Auction or an Auction is not held for any reason, the next succeeding Dividend period Period will be a 28-day Dividend Period (in the case of Series M28 F28 Preferred Shares) or a 7-day Dividend Period (in the case of Series M7 F7 Preferred Shares) and the Company may not again give a Notice of Special Dividend period Period (and any such attempted notice shall be null and void) until sufficient Clearing Bids have been made in an Auction with respect to a 28-day Dividend Period (in the case of Series M28 F28 Preferred Shares or a 7-day Dividend period Period (in the case of Series M7 F7 Preferred Shares).

Appears in 1 contract

Samples: Auction Agent Agreement (Blackrock New York Insured Muncipal 2008 Term Trust Inc)

Notice of Revocation. If the Company is prohibited from giving a Notice of Special Dividend Period as a result of the factors enumerated in clause (i), (ii), (iii) or (iv) of the preceding sentence or if the Company gives a Notice of Revocation with respect to a Notice of Special Dividend Period, the next succeeding Dividend Period will be a 28-day Dividend Period in the case of the Series M28 W28 Preferred Shares and a 7-day Dividend Period in the case of the Series M7 W7 Preferred Shares, Shares provided that if the then-current Dividend Period in the case of the Series M28 W28 Preferred Shares is a Special Dividend Period of less than 28 days, the next succeeding Dividend Period will be the same length as the current Dividend Period. In addition, in the event suf- ficient sufficient Clearing Bids are not made in any Auction or an Auction is not held for any reason, the next succeeding Dividend period Period will be a 28-day Dividend Period (in the case of Series M28 W28 Preferred Shares) or a 7-day Dividend Period (in the case of Series M7 W7 Preferred Shares) and the Company may not again give a Notice of Special Dividend period Period (and any such attempted notice shall be null and void) until sufficient Clearing Bids have been made in an Auction with respect to a 28-day Dividend Period (in the case of Series M28 W28 Preferred Shares or a 7-day Dividend period Period (in the case of Series M7 W7 Preferred Shares).

Appears in 1 contract

Samples: Auction Agent Agreement (Blackrock California Insured Municipal 2008 Term Trust Inc)

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Notice of Revocation. If the Company is prohibited from giving a Notice of Special Dividend Period as a result of the factors enumerated in clause (ix), (ii), (iiiy) or (ivz) of the preceding sentence or if the Company gives a Notice of Revocation with respect to a Notice of Special Dividend Period, the next succeeding Dividend Period will be a 7-day Dividend Period in the case of the Series W7 and the Series F7 Preferred Shares and a 28-day Dividend Period in the case of the Series M28 Preferred Shares and a 7-day Dividend Period in the case of the Series M7 W28 Preferred Shares, provided that if the then-current Dividend Period in the case of the Series M28 W28 Preferred Shares is a Special Dividend Period of less than 28 days, the next succeeding Dividend Period will be the same length as the current Dividend Period. In addition, in the event suf- ficient sufficient Clearing Bids are not made in any Auction or an Auction is not held for any reason, the next succeeding Dividend period Period will be a 7-day Dividend Period (in the case of Series W7 Preferred Shares and Series F7 Preferred Shares) or a 28-day Dividend Period (in the case of Series M28 Preferred Shares) or a 7-day Dividend Period (in the case of Series M7 W28 Preferred Shares) and the Company may not again give a Notice of Special Dividend period Period (and any such attempted notice shall be null and void) until sufficient Clearing Bids have been made in an Auction with respect to a 7-day Dividend Period (in the case of Series W7 Preferred Shares and Series F7 Preferred Shares) or a 28-day Dividend Period (in the case of Series M28 Preferred Shares or a 7-day Dividend period (in the case of Series M7 W28 Preferred Shares).

Appears in 1 contract

Samples: Auction Agent Agreement (Blackrock Municipal Target Term Trust Inc)

Notice of Revocation. If the Company is prohibited from giving a Notice of Special Dividend Period as a result of the factors enumerated in clause (i), (ii), (iii) or (iv) of the preceding sentence or if the Company gives a Notice of Revocation with respect to a Notice of Special Dividend Period, the next succeeding Dividend Period will be a 28-day Dividend Period in the case of the Series M28 T28 Preferred Shares and the Series R28 Preferred Shares and a 7-day Dividend Period in the case of the Series M7 T7 Preferred Shares and the Series R7 Preferred Shares, provided that if the then-current Dividend Period in the case of the Series M28 T28 Preferred Shares and the Series R28 Preferred Shares is a Special Dividend Period of less than 28 days, the next succeeding Dividend Period will be the same length as the current Dividend Period. In addition, in the event suf- ficient sufficient Clearing Bids are not made in any Auction or an Auction is not held for any reason, the next succeeding Dividend period Period will be a 28-day Dividend Period (in the case of Series M28 T28 Preferred Shares and Series R28 Preferred Shares) or a 7-day Dividend Period (in the case of Series M7 T7 Preferred Shares and Series R7 Preferred Shares) and the Company may not again give a Notice of Special Dividend period Period (and any such attempted notice shall be null and void) until sufficient Clearing Bids have been made in an Auction with respect to a 28-day Dividend Period (in the case of Series M28 T28 Preferred Shares and Series R28 Preferred Shares or a 7-day Dividend period Period (in the case of Series M7 T7 Preferred Shares and Series R7 Preferred Shares).

Appears in 1 contract

Samples: Auction Agent Agreement (Blackrock Insured Municipal 2008 Term Trust Inc)

Notice of Revocation. If the Company is prohibited from giving a Notice of Special Dividend Period as a result of the factors enumerated in clause (ix), (ii), (iiiy) or (ivz) of the preceding sentence or if the Company gives a Notice of Revocation with respect to a Notice of Special Dividend Period, the next succeeding Dividend Period will be a 28-day Dividend Period in the case of the Series M28 Preferred Shares A AMPS and a 7-day Dividend Period in the case of the Series M7 Preferred SharesB AMPS, provided that if the then-then current Dividend Period in the case of the for Series M28 Preferred Shares A AMPS is a Special Dividend Period of less than 28 days, the next succeeding Dividend Period for such series of AMPS will be the same length as the such current Dividend Period. In addition, in the event suf- ficient sufficient Clearing Bids are not made in any Auction or an Auction is not held for any reason, the next succeeding Dividend period Period will be a 28-day Dividend Period (in the case of Series M28 Preferred SharesA AMPS) or a 7-day Dividend Period (in the case of Series M7 Preferred Shares) B AMPS), and the Company may not again give a Notice of Special Dividend period Period (and any such attempted notice shall be null and void) until sufficient Clearing clearing Bids have been made in an Auction with respect to a 28-day Dividend Period (in the case of Series M28 Preferred Shares A AMPS) or a 7-day Dividend period Period (in the case of Series M7 Preferred SharesB AMPS).

Appears in 1 contract

Samples: Auction Agent Agreement (Muniyield California Insured Fund Ii Inc)

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