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 the APS, the Auction Agent shall advise BD by telephone of the Reference Rate and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APS. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the Trust; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 5 contracts

Samples: Auction Agency Agreement (John Hancock Preferred Income Fund Ii), Auction Agency Agreement (John Hancock Tax-Advantaged Dividend Income Fund), Auction Agency Agreement (John Hancock Preferred Income Fund Iii)

AutoNDA by SimpleDocs

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD by telephone of the Reference Rate and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the TrustFund; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 4 contracts

Samples: Broker Dealer Agreement (Prospect Street High Income Portfolio Inc), Broker Dealer Agreement (Cna Income Shares Inc), Broker Dealer Agreement (Cohen & Steers Advantage Income Fund Inc)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSAMPS, the Auction Agent shall advise BD by telephone or otherwise of the Reference Rate Rate(s), the "AA" Composite Commercial Paper Rate(s), the Taxable Equivalent of the Short-Term Municipal Rate(s), Treasury Note Rate(s), Treasury Xxxx Rate(s) and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APSAMPS. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the Trust; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS AMPS and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 3 contracts

Samples: Broker Dealer Agreement (Blackrock Municipal Income Trust Ii), Broker Dealer Agreement (Blackrock New York Municipal Income Trust Ii), Broker Dealer Agreement (Blackrock California Municipal Income Trust Ii)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD UBS WARBURG by telephone of the Reference `AA' Financial Composite Commercial Paper Rate or the Treasury Index Rate, as the case may be, and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD UBS WARBURG to provide it with a list of the respective customers BD UBS WARBURG believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD UBS WARBURG shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the TrustFund; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD UBS WARBURG believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 2 contracts

Samples: Broker Dealer Agreement (Scudder Rreef Real Estate Fund Inc), Broker Dealer Agreement (Scudder Rreef Real Estate Fund Inc)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD by telephone of the Reference Rate and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the TrustFund; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction -------- ------- Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Pacholder High Yield Fund Inc)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APS, the Auction Agent shall advise BD by telephone of the Reference Rate and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APS. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the Trust; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Eaton Vance Senior Income Trust)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSMunicipal Preferred, the Auction Agent shall advise BD by telephone of the Reference Rate and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APSMunicipal Preferred. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the Trust; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS Municipal Preferred and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with 5 6 this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Kemper Strategic Municipal Income Trust)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD SSB by telephone of the Reference `AA' Financial Composite Commercial Paper Rate or the Treasury Index Rate, as the case may be, and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD SSB to provide it with a list of the respective customers BD SSB believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD SSB shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the TrustFund; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD SSB believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Real Estate Income Fund Inc)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD by telephone of the Reference Rate and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the Trust; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Pilgrim Prime Rate Trust)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD DEUTSCHE BANK by telephone of the Reference `AA' Financial Composite Commercial Paper Rate or the Treasury Index Rate, as the case may be, and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD DEUTSCHE BANK to provide it with a list of the respective customers BD DEUTSCHE BANK believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD DEUTSCHE BANK shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the TrustFund; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD DEUTSCHE BANK believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Scudder Rreef Real Estate Fund Ii Inc)

AutoNDA by SimpleDocs

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD SSB by telephone of the Reference ‘AA’ Financial Composite Commercial Paper Rate or the Treasury Index Rate, as the case may be, and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD SSB to provide it with a list of the respective customers BD SSB believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD SSB shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the TrustFund; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD SSB believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Real Estate Income Fund Inc)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APS, the Auction Agent shall advise BD by telephone of the Reference Rate and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APS. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the Trust; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (MFS Municipal Income Trust)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD SSB by telephone of the [Reference Rate Rate] and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD SSB to provide it with a list of the respective customers BD SSB believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD SSB shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the TrustFund; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD SSB believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Travelers Corp Loan Fund Inc)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APSPreferred Shares, the Auction Agent shall advise BD UBS Securities by telephone of the Reference `AA' Financial Composite Commercial Paper Rate or the Treasury Index Rate, as the case may be, and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD UBS Securities to provide it with a list of the respective customers BD UBS Securities believes are Beneficial Owners of shares of each series of APSPreferred Shares. BD UBS Securities shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the TrustFund; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD UBS Securities believes are Beneficial Owners of shares of each series of APS Preferred Shares and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (Scudder Rreef Real Estate Fund Inc)

Preparation for Each Auction. (a) Not later than 9:30 A.M. on each Auction Date for the APS, the Auction Agent shall advise BD by telephone of the Reference Rate and the Maximum Applicable Rate in effect on such Auction Date. (b) The Auction Agent from time to time may request BD to provide it with a list of the respective customers BD believes are Beneficial Owners of shares of each series of APS. BD shall comply with any such request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any Person other than the Trust; and such information shall not be used by the Auction Agent or its officers, employees, agents or representatives for any purpose other than such purposes as are described herein. The Auction Agent shall transmit any list of customers BD believes are Beneficial Owners of shares of each series of APS and information related thereto only to its officers, employees, agents or representatives who need to know such information for the purposes of acting in accordance with this Agreement, and the Auction Agent shall prevent the transmission transmis sion of such information to others and shall cause its officers, employees, agents and representatives to abide by the foregoing confidentiality restrictions; provided, however, that the Auction Agent shall have no responsibility or liability for the actions of any of its officers, employees, agents or representatives after they have left the employ of the Auction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement (John Hancock Preferred Income Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!