Common use of Preparation for Each Auction Clause in Contracts

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for any series of MuniPreferred, the Auction Agent for such series shall advise the Broker-Dealers for such series by telephone of the Maximum Rate therefor and the Reference Rate(s) and Treasury Note Rate(s), as the case may be, used in determining such Maximum Rate.

Appears in 18 contracts

Samples: Broker Dealer Agreement (Nuveen Investment Quality Municipal Fund Inc), Nuveen Broker Dealer Agreement (Nuveen Performance Plus Municipal Fund Inc), Nuveen Broker Dealer Agreement (Nuveen Michigan Quality Income Municipal Fund Inc)

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Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for any series of MuniPreferred, the Auction Agent for such series shall advise the Broker-Dealers for such series by telephone of the Maximum maximum Rate therefor and the Reference Rate(s) and Treasury Note Rate(s), as the case may be, used in determining such Maximum Rate.

Appears in 7 contracts

Samples: Nuveen Broker Dealer Agreement (Nuveen Premium Income Municipal Fund 4 Inc), Nuveen Broker Dealer Agreement (Nuveen Premium Income Municipal Fund Inc), Nuveen Broker Dealer Agreement (Nuveen New York Quality Income Municipal Fund Inc)

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