Common use of NOTIFICATION OF DIVIDEND Clause in Contracts

NOTIFICATION OF DIVIDEND. The provisions contained in Section 4 of Part I of the Articles Supplementary concerning the notification of a Special Rate Period will be followed by the Auction Agent and BD, and the provisions contained therein are incorporated herein by reference in their entirety and shall be deemed to be a part of this Agreement to the same extent as if such provisions were set forth fully herein. In the case of any conflict between the terms of any document incorporated herein by reference and the terms hereof, the Auction Agent shall not be liable for its actions or inaction in accordance with the terms of this Agreement, provided it shall have complied with the standards of conduct in the Auction Agency Agreement. In addition to the provisions contained in Section 4 of Part I of the Articles Supplementary concerning the notification of a Special Rate Period, a requested special rate period will not be effective if the Fund has received confirmation from Moody's or Fitch or any substitute rating agency that the proposed special rate period would not adversely affect such rating agency's then-current rating on the AMPS, or the lead broker-dealers designated by the Fund, initially Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, have objected to the declaration of a special rate period.