Participant in Securities Depository. Payment of Dividends in Same-Day Funds. (a) BD is, and shall remain for the term of this Agreement, a member of, or participant in, the Securities Depository (or an affiliate of such a member or participant). (b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS available in same-day funds on each Dividend Payment Date to customers that use such BD or affiliate as Agent Member.
Appears in 7 contracts
Samples: Broker Dealer Agreement (Van Kampen High Income Trust Ii), Broker Dealer Agreement (Van Kampen Trust for Investment Grade Florida Municipals), Broker Dealer Agreement (Van Kampen Municipal Trust)
Participant in Securities Depository. Payment of Dividends in Same-Day Funds.
(a) BD is, and shall remain for the term of this Agreementthe Agreements, a member of, or participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS MuniPreferred available in same-day funds on each Dividend Payment Date to customers that use such BD or affiliate as Agent Member.
Appears in 5 contracts
Samples: Broker Dealer Agreement (Nuveen Premium Income Municipal Fund 4 Inc), Broker Dealer Agreement (Nuveen Connecticut Dividend Advantage Municipal Fund 3), Broker Dealer Agreement (Nuveen Dividend Advantage Municipal Fund 2)
Participant in Securities Depository. Payment of Dividends in Same-Day Funds.
(a) BD is, and shall remain for the term terms of this Agreement, a member ofor, or a participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it is (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS Preferred Shares available in same-day funds on each Dividend Payment Date to customers that use such BD (or affiliate its affiliates) as Agent Member.
Appears in 2 contracts
Samples: Broker Dealer Agreement (Evergreen Utilities & High Income Fund), Auction Agency Agreement (Evergreen Utilities & High Income Fund)
Participant in Securities Depository. Payment of Dividends in Same-Day Funds.
(a) BD is, and shall remain for the term of this Agreementthe Agreements, a member of, or participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS Preferred Shares available in same-day funds on each Dividend Payment Date to customers that use such BD or affiliate as Agent Member.
Appears in 2 contracts
Samples: Broker Dealer Agreement (Blackrock Pennsylvania Strategic Municipal Trust), Broker Dealer Agreement (Blackrock Pennsylvania Strategic Municipal Trust)
Participant in Securities Depository. Payment of Dividends in Same-Day Funds.
(a) BD is, and shall remain for the term of this Agreement, a member of, or a participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS Preferred Shares available in same-day funds on each Dividend Payment Date to customers that use such BD (or affiliate its affiliate) as Agent Member.
Appears in 1 contract
Participant in Securities Depository. Payment of Dividends in Same-Day Day-Funds.
(a) BD is, and shall remain for the term of this Agreement, a member of, or participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS AMPS available in same-day funds on each Dividend Payment Date to customers that use such BD or affiliate as Agent Member.
Appears in 1 contract
Participant in Securities Depository. Payment of Dividends in Same-Day Funds.
(a) BD is, and shall remain for the term of this Agreement, a member of, or a participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS AMPS available in same-day funds on each Dividend Payment Date to customers that use such BD (or affiliate its affiliate) as Agent Member.
Appears in 1 contract
Samples: Master Broker Dealer Agreement (Muniyield Insured Fund Inc)
Participant in Securities Depository. Payment of Dividends in Same-Day Funds.
(a) BD is, and shall remain for the term of this Agreementthe Agreements, a member of, or participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS Municipal Preferred available in same-day funds on each Dividend Payment Date to customers that use such BD or affiliate as Agent Member.
Appears in 1 contract
Samples: Broker Dealer Agreement (Colonial New York Insured Municipal Fund)
Participant in Securities Depository. Payment of Dividends in Same-Day Funds.. --------------------------------------
(a) BD is, and shall remain for the term of this Agreement, a member of, or a participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS AMPS available in same-day funds on each Dividend Payment Date to customers that use such BD (or affiliate its affiliate) as Agent Member.
Appears in 1 contract
Participant in Securities Depository. Payment of Dividends in Same-Day Funds.
(a) BD is, and shall remain for the term of this Agreement, a member of, or participant in, the Securities Depository (or an affiliate of such a member or participant).
(b) BD represents that it (or if such BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the APS AMPS available in same-day funds on each Dividend Payment Date to customers that use such BD or affiliate as Agent Member.
Appears in 1 contract
Samples: Broker Dealer Agreement (Muniyield Michigan Fund Inc)
