Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the 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 Trust shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, the AMPS, at the Trust's request, may be registered for transfer or exchange, and new certificates thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent properly endorsed for transfer with (a) all necessary endorsers' signatures guaranteed in such manner and form as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsible, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes.
Appears in 2 contracts
Samples: Auction Agent Agreement (Muniyield Florida Insured Fund /Nj/), Auction Agent Agreement (Muniyield Pennsylvania Fund)
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the AMPS 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 Trust Fund shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, resignation the AMPSPreferred Shares, at the Trust's Fund’s request, may be registered for transfer or exchange, and new certificates thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent to be properly endorsed for transfer with (a) all necessary endorsers' ’ signatures guaranteed in such manner and form and by such guarantor as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsiblerequire, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes. If the certificate or certificates for Preferred Shares are not held by the Securities Depository or its nominee, payments upon transfer of shares in an Auction shall be made in Federal Funds or similar same-day funds to the Auction Agent against delivery of certificates therefore.
Appears in 2 contracts
Samples: Auction Agency Agreement, Auction Agency Agreement (Real Estate Income Fund Inc)
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the 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 Trust Fund shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, resignation the AMPS, at the Trust's Fund’s request, may be registered for transfer or exchange, and a new certificates certificate thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent to be properly endorsed for transfer with (a) all necessary endorsers' ’ signatures guaranteed in such manner and form and by such guarantor as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsiblerequire, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes. If the certificate for the AMPS is not held by the Securities Depository or its nominee, payments upon transfer of shares in an Auction shall be made in Federal Funds or similar same-day funds to the Auction Agent against delivery of certificates therefor.
Appears in 1 contract
Samples: Auction Agency Agreement (Duff & Phelps Utility & Corporate Bond Trust Inc)
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the AMPS shares of each series 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 Trust Fund shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, the AMPSresignation of Preferred Shares, at the Trust's Fund’s request, may be registered for transfer or exchange, and new certificates thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent to be properly endorsed for transfer with (a) all necessary endorsers' ’ signatures guaranteed in such manner and form and by such guarantor as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsiblerequire, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes. If the certificate or certificates for Preferred Shares are not held by the Securities Depository or its nominee, payments upon transfer of shares in an Auction shall be made in Federal Funds or similar same-day funds to the Auction Agent against delivery of certificates therefor.
Appears in 1 contract
Samples: Auction Agency Agreement (Prospect Street High Income Portfolio Inc)
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the 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 Trust Company shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, the AMPS, at the TrustCompany's request, may be registered for transfer or exchange, and new certificates thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent properly endorsed for transfer with (a) all necessary endorsers' signatures guaranteed in such manner and form as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsible, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes.
Appears in 1 contract
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.25.2, the 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 Trust Fund shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, resignation the AMPS, at the Trust's Fund’s request, may be registered for transfer or exchange, and a new certificates certificate thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent to be properly endorsed for transfer with (a) all necessary endorsers' ’ signatures guaranteed in such manner and form and by such guarantor as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsiblerequire, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes. If the certificate for the AMPS is not held by the Securities Depository or its nominee, payments upon transfer of shares in an Auction shall be made in Federal Funds or similar same-day funds to the Auction Agent against delivery of certificates therefor.
Appears in 1 contract
Samples: Auction Agreement (Cohen & Steers Global Income Builder, Inc)
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the AMPS APS 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 Trust Company shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, the AMPSAPS, at the TrustCompany's requestrequest and expense, may be registered for transfer or exchange, and new certificates thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent properly endorsed for transfer with (a) all necessary endorsers' signatures guaranteed in such manner and form as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsible, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes.
Appears in 1 contract
Samples: Auction Agent Agreement (Massachusetts Health & Education Tax Exempt Trust)
Registration of Transfer or Exchange of Shares. Except as otherwise provided in this Section 4.2, shares of the AMPS DARTS 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 Trust Company shall not have selected a substitute Securities Depository acceptable to the Paying Agent Trust Company prior to such resignation, then upon such resignation, the AMPS, at shares of each series of the Trust's request, may DARTS shall be registered for transfer or exchange, and new certificates thereupon shall be issued issued, in the name or names of the designated transferee or transferees, upon surrender of the old certificate certificates in form deemed by the Paying Agent Trust Company properly endorsed for transfer with (a) all necessary endorsers' signatures guaranteed guaranteed, in such manner and form as the Paying Agent Trust Company may require require, by a guarantor reasonably believed by the Paying Agent Trust Company to be responsible, (b) accompanied by such assurances as the Paying Agent Trust Company 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes.
Appears in 1 contract
Samples: Trust Company Agreement (Hancock John Patriot Premium Dividend Fund Ii)
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the AMPS 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 Trust Fund shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, resignation the AMPSPreferred Shares, at the TrustFund's request, may be registered for transfer or exchange, and a new certificates certificate thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent to be properly endorsed for transfer with (a) all necessary endorsers' signatures guaranteed in such manner and form and by such guarantor as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsiblerequire, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes. If the certificate for the Preferred Shares is not held by the Securities Depository or its nominee, payments upon transfer of shares in an Auction shall be made in Federal Funds or similar same-day funds to the Auction Agent against delivery of certificates therefor.
Appears in 1 contract
Samples: Auction Agency Agreement (Cohen & Steers Reit & Utility Income Fund Inc)
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the 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 Trust Fund shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then then, upon such resignationresignation of the Securities Depository, the AMPS, at the TrustFund's request, may be registered for transfer or exchange, and new certificates thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent to be properly endorsed for transfer with (a) all necessary endorsers' signatures guaranteed in such manner and form and by such guarantor as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsiblerequire, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes.
Appears in 1 contract
Samples: Auction Agency Agreement (Mbia Capital Claymore Man Dur Inv GRD Muni Fund)
Registration of Transfer or Exchange of Shares. Except as provided in this Section 4.2, the AMPS Series 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 Trust Fund shall not have selected a substitute Securities Depository acceptable to the Paying Agent prior to such resignation, then upon such resignation, resignation the AMPSSeries Preferred Shares, at the TrustFund's request, may be registered for transfer or exchange, and a new certificates certificate thereupon shall be issued in the name of the designated transferee or transferees, upon surrender of the old certificate in form deemed by the Paying Agent to be properly endorsed for transfer with (a) all necessary endorsers' signatures guaranteed in such manner and form and by such guarantor as the Paying Agent may require by a guarantor reasonably believed by the Paying Agent to be responsiblerequire, (b) such assurances as the Paying 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 in connection with any registration of transfer or exchange or funds necessary for the payment of such taxes. If the certificate for the Series Preferred Shares is not held by the Securities Depository or its nominee, payments upon transfer of shares in an Auction shall be made in Federal Funds or similar same-day funds to the Auction Agent against delivery of certificates therefor.
Appears in 1 contract
Samples: Auction Agency Agreement (Cohen & Steers Select Utility Fund Inc)