Common use of Registration of Transfer of Shares Clause in Contracts

Registration of Transfer of Shares. Shares of Preferred Shares shall be registered solely in the name of the Securities Depository or its nominee. If the Securities Depository shall give notice of its intention to resign as such and if the Fund shall not have selected a substitute Securities Depository, then upon such resignation, the Preferred Shares shall be registered for transfer or exchange, and a new certificate or certificates shall be issued in the name or names of the designated transferee or transferees upon surrender of the old certificate or certificates in form deemed by the Auction Agent properly endorsed for transfer with all necessary endorsers' signatures guaranteed, in such manner and form as the Auction Agent may require, by a guarantor reasonably believed by the Auction Agent to be responsible, accompanied by such assurances as the Auction Agent shall deem necessary or appropriate to evidence the genuineness and effectiveness of each necessary endorsement and satisfactory evidence of compliance with all applicable laws relating to the collection of taxes or funds necessary for the payment of such taxes.

Appears in 2 contracts

Samples: Auction Agency Agreement (Managed Municipals Portfolio Inc), Auction Agency Agreement (Smith Barney Intermediate Municipal Fund Inc)

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Registration of Transfer of Shares. Shares of Preferred Shares shall be registered solely in the name of the Securities Depository or its nominee. If the Securities Depository shall give notice of its intention to resign as such and if the Fund Company shall not have selected a substitute Securities Depository, then upon such resignation, the Preferred Shares shall be registered for transfer or exchange, and a new certificate or certificates shall be issued in the name or names of the designated transferee or transferees upon surrender of the old certificate or certificates in form deemed by the Auction Agent properly endorsed for transfer with all necessary endorsers' signatures guaranteed, in such manner and form as the Auction Agent may require, by a guarantor reasonably believed by the Auction Agent to be responsible, accompanied by such assurances as the Auction Agent shall deem necessary or appropriate to evidence the genuineness and effectiveness of each necessary endorsement and satisfactory evidence of compliance with all applicable laws relating to the collection of taxes or funds necessary for the payment of such taxes.

Appears in 2 contracts

Samples: Auction Agency Agreement (Zenix Income Fund Inc), Auction Agency Agreement (Zenix Income Fund Inc)

Registration of Transfer of Shares. Shares of Preferred Shares AMPS shall be registered solely in the name of the Securities Depository or its nominee. If the Securities Depository shall give notice of its intention to resign as such and if the Fund Company shall not have selected a substitute Securities Depository, then upon such resignation, the Preferred Shares AMPS shall be registered for transfer or exchange, and a new certificate or certificates shall be issued in the name or names of the designated transferee or transferees upon surrender of the old certificate or certificates in form deemed by the Auction Agent properly endorsed for transfer with all necessary endorsers' signatures guaranteed, in such manner and form as the Auction Agent may require, by a guarantor reasonably believed by the Auction Agent to be responsible, accompanied by such assurances as the Auction Agent shall deem necessary or appropriate to evidence the genuineness and effectiveness of each necessary endorsement and satisfactory evidence of compliance with all applicable laws relating to the collection of taxes or funds necessary for the payment of such taxes.

Appears in 1 contract

Samples: Auction Agency Agreement (Boulder Total Return Fund Inc)

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Registration of Transfer of Shares. Shares of Preferred Except as set forth in this Section 4.3, Shares shall be registered solely in the name of the Securities Depository or its nominee. If the Securities Depository shall give notice of its intention to resign as such such, and if the Fund Company shall not have selected a substitute Securities DepositoryDepository reasonably acceptable to the Agent prior to such resignation, then upon such resignation, the Preferred Shares shall be registered for transfer or exchange, and a new certificate or certificates shall be issued issued, in the name or names of the designated transferee or transferees transferees, upon surrender of the old certificate or certificates in form deemed by the Auction Agent properly endorsed for transfer with (a) all necessary endorsers' signatures guaranteed, guaranteed in such manner and form as the Auction Agent may require, require by a guarantor reasonably believed by the Auction Agent to be responsiblereasonable, accompanied by (b) such assurances as the Auction Agent shall deem necessary or appropriate to evidence the genuineness and effectiveness of each necessary endorsement and (c) satisfactory evidence of compliance with all applicable laws relating to the collection of taxes or funds necessary for the payment of such taxes.

Appears in 1 contract

Samples: Agency Agreement (Kemper Municipal Income Trust)

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