Common use of Registration of Transfer or Exchange of Shares Clause in Contracts

Registration of Transfer or Exchange of Shares. Shares of each series of AMPS shall be registered solely in the name of the Securities Depository or its nominee. If there is no Securities Depository, at the Fund's option and upon its receipt of such documents as it deems appropriate, any AMPS may be registered in the Stock Register in the name of the Beneficial Owner thereof, and such Beneficial Owner thereupon will be entitled to receive certificates therefor and required to deliver certificates thereof upon transfer or exchange thereof. If the certificate or certificates for AMPS are not held by the Securities Depository or its nominee, payment will be made in same-day funds to the Auction Agent against delivery of such certificates.

Appears in 1 contract

Samples: Auction Agency Agreement (Western Asset Claymore Us Treasury Inflation Pro Sec Fund 2)

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Registration of Transfer or Exchange of Shares. Shares of Except as provided in this Section 4.2, each series of AMPS shall be registered solely in the name of the Securities Depository or its nominee. If there is no Securities Depository, at the Fund's option and upon its receipt of such documents as it deems appropriate, any AMPS may be registered in the Stock Register in the name of the Beneficial Owner thereof, and such Beneficial Owner thereupon will be entitled to receive certificates therefor and required to deliver certificates thereof upon transfer or exchange thereof. If the certificate or certificates for AMPS are not held by the Securities Depository or its nominee, payment will be made in same-day funds to the Auction Agent against delivery of such certificates.

Appears in 1 contract

Samples: Auction Agency Agreement (Pimco Corporate Opportunity Fund)

Registration of Transfer or Exchange of Shares. Shares Except as provided in this Section 4.2, the shares of each series of AMPS shall be registered solely in the name of the Securities Depository or its nominee. If there is no Securities Depository, at the Fund's option and upon its receipt of such documents as it deems appropriate, any AMPS may be registered in the Stock Register in the name of the Beneficial Owner thereof, and such Beneficial Owner thereupon will be entitled to receive certificates therefor and required to deliver certificates thereof upon transfer or exchange thereof. If the certificate or certificates for AMPS are not held by the Securities Depository or its nominee, payment will be made in same-day funds to the Auction Agent against delivery of such certificates.

Appears in 1 contract

Samples: Auction Agency Agreement (Pimco Floating Rate Income Fund)

Registration of Transfer or Exchange of Shares. Shares Except as provided in this Section 4.2, the shares of each series of AMPS shall be registered solely in the name of the Securities Depository or its nominee. If there is no Securities Depository, at the Fund's ’s option and upon its receipt of such documents as it deems appropriate, any AMPS may be registered in the Stock Register in the name of the Beneficial Owner thereof, and such Beneficial Owner thereupon will be entitled to receive certificates therefor and required to deliver certificates thereof upon transfer or exchange thereof. If the certificate or certificates for AMPS are not held by the Securities Depository or its nominee, payment will be made in same-day funds to the Auction Agent against delivery of such certificates.

Appears in 1 contract

Samples: Auction Agency Agreement (PIMCO Floating Rate Strategy Fund)

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Registration of Transfer or Exchange of Shares. Shares of Except as provided in this Section 4.2, each series of AMPS shall be registered solely in the name of the Securities Depository or its nominee. If there is no Securities Depository, at the Fund's ’s option and upon its receipt of such documents as it deems appropriate, any AMPS may be registered in the Stock Register in the name of the Beneficial Owner thereof, and such Beneficial Owner thereupon will be entitled to receive certificates therefor and required to deliver certificates thereof upon transfer or exchange thereof. If the certificate or certificates for AMPS are not held by the Securities Depository or its nominee, payment will be made in same-day funds to the Auction Agent against delivery of such certificates.

Appears in 1 contract

Samples: Auction Agency Agreement (Pimco Corporate & Income Opportunity Fund)

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