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 BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the Preferred Shares available in same-day funds on each Dividend Payment Date to customers that use BD (or its affiliate) as Agent Member.
Appears in 9 contracts
Samples: Broker Dealer Agreement (Ing Prime Rate Trust), Broker Dealer Agreement (Ing Prime Rate Trust), Broker Dealer Agreement (Ing Prime Rate 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 BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the Preferred Shares AMPS available in same-day funds on each Dividend Payment Date to customers that use BD (or its affiliate) as Agent Member.
Appears in 5 contracts
Samples: Broker Dealer Agreement (Blackrock New York Municipal Income Trust Ii), Broker Dealer Agreement (Mbia Capital Claymore Man Dur Inv GRD Muni Fund), Broker Dealer Agreement (F&c/Claymore Preferred Securities Income Fund Inc)
Participant in Securities Depository. PAYMENT OF DIVIDENDS DISTRIBUTIONS 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 BD does not act as Agent Member, one of its affiliates) shall make all dividend distribution payments on the Preferred Shares available in same-day funds on each Dividend Distribution Payment Date to customers that use BD (or its affiliate) as Agent Member.
Appears in 3 contracts
Samples: Broker Dealer Agreement (RMR Real Estate Fund), Broker Dealer Agreement (RMR F.I.R.E. Fund), Broker Dealer Agreement (RMR Hospitality & Real Estate 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 BD does not act as Agent Member, one of its affiliates) shall make all dividend payments on the series of Preferred Shares available in same-day funds on each Dividend Payment Date to customers that use BD (or its affiliate) as Agent Member.
Appears in 1 contract
Samples: Broker Dealer Agreement (Putnam Investment Grade Municipal Trust Ii)
Participant in Securities Depository. PAYMENT OF DIVIDENDS DISTRIBUTIONS 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 BD does not act as Agent Member, one of its affiliates) shall make all dividend distribution payments on the Preferred Shares available in same-day funds on each Dividend Distribution Payment Date to customers that use BD (or its affiliate) as Agent Member.
Appears in 1 contract
Samples: Broker Dealer Agreement (RMR Preferred Dividend Fund)
