Procedure for Discrepancies. Agent shall follow its regular procedures to attempt to reconcile any discrepancies between the number of certificated Shares that any Letter of Transmittal may indicate are owned by a surrendering stockholder and the number that the Record Stockholders List indicates such stockholder owned of record as of the Effective Time. In any instance where Agent cannot reconcile such discrepancies by following such procedures, Agent will consult with the Purchaser for instructions as to the number of certificated Shares, if any; Agent is authorized to accept for exchange. In the absence of such instructions, Agent is authorized not to accept any such certificated Shares for exchange and will return to the surrendering stockholder in accordance with its standard procedures to such stockholder’s address as set forth in the Letter of Transmittal any certificates for the Shares surrendered in connection therewith, the related Letters of Transmittal and any other documents received with such Shares.
Appears in 11 contracts
Samples: Depositary and Information Agent Agreement (Tortoise Pipeline & Energy Fund, Inc.), Depositary and Information Agent Agreement (Tortoise Energy Infrastructure Corp), Depositary and Information Agent Agreement (Tortoise Power & Energy Infrastructure Fund Inc)
Procedure for Discrepancies. Agent shall follow its regular procedures to attempt to reconcile any discrepancies between the number of certificated Shares shares that any Letter of Transmittal may indicate are owned by a surrendering stockholder shareholder and the number that the Record Stockholders Shareholders List indicates such stockholder shareholder owned of record as of the Effective Time. In any instance where Agent cannot reconcile such discrepancies by following such procedures, Agent will consult with the Purchaser for instructions as to the number of certificated Shares, if any; Agent is authorized to accept for exchangetender. In the absence of such instructions, Agent is authorized not to accept any such certificated Shares for exchange tender and will return to the surrendering stockholder shareholder in accordance with its standard procedures to such stockholdershareholder’s address as set forth in the Letter of Transmittal any certificates for the Shares surrendered in connection therewith, the related Letters of Transmittal and any other documents received with such Shares.
Appears in 2 contracts
Samples: Depositary and Information Agent Agreement (Nuveen Mortgage Opportunity Term Fund 2), Depositary and Information Agent Agreement (Nuveen Mortgage Opportunity Term Fund)
Procedure for Discrepancies. Agent shall follow its regular procedures to attempt to reconcile any discrepancies between the number of certificated Shares that any Letter of Transmittal may indicate are owned by a surrendering stockholder and the number that the Record Stockholders List indicates such stockholder owned of record as of the Effective Time. In any instance where Agent cannot reconcile such discrepancies by following such procedures, Agent will consult with the Purchaser Seller Representative for instructions as to the number of certificated Shares, if any; , Agent is authorized to accept for exchange. In the absence of such instructions, Agent is authorized not to accept any such certificated Shares for exchange and will return to the surrendering stockholder in accordance with its standard procedures to such stockholder’s address as set forth in the Letter of Transmittal any certificates for the Shares surrendered in connection therewith, the related Letters of Transmittal and any other documents received with such Shares.
Appears in 1 contract