Remarketing Procedures. Pursuant to an Optional Tender, Beneficial Owners may elect to tender their VRDP Shares (in one or more whole shares) for purchase at the Purchase Price on the Purchase Date designated in a Notice of Tender (or, if such day is not a Business Day, on the next succeeding Business Day) by a proper delivery of a Notice of Tender to the Tender and Paying Agent. Each Notice of Tender shall be irrevocable (except as provided below) and effective upon receipt by the Tender and Paying Agent and shall:
Appears in 2 contracts
Samples: Administrative Services Agreement (Blackrock Municipal Income Investment Trust), Administrative Services Agreement (Blackrock Municipal Income Investment Trust)
Remarketing Procedures. Pursuant to an Optional Tender, Beneficial Owners may elect to tender their VRDP Shares (in one or more whole sharesdenominations of $100,000 and integral multiples thereof) for purchase at the Purchase Price on the Purchase Date designated in a the Notice of Tender (or, or if such day is not a Business Day, on the next succeeding Business Day) by a proper delivery of a Notice of Tender to the Tender and Paying Agent. Each Notice of Tender shall be irrevocable (except as provided below) and effective upon receipt by the Tender and Paying Agent and shall:
Appears in 2 contracts
Samples: Administrative Services Agreement (Blackrock Muniyield Michigan Quality Fund, Inc.), Administrative Services Agreement (Blackrock Muniyield Michigan Quality Fund, Inc.)
Remarketing Procedures. Pursuant to an Optional Tender, Beneficial Owners may elect to tender their VRDP Shares (in one or more whole shares) for purchase at the Purchase Price on the Purchase Date designated in a the Notice of Tender (or, or if such day is not a Business Day, on the next succeeding Business Day) by a proper an effective delivery of a Notice of Tender to the Tender and Paying Agent. Each Notice of Tender shall be irrevocable (except as provided below) and effective upon receipt by the Tender and Paying Agent and shall:
Appears in 1 contract
Samples: VRDP Shares Fee Agreement (Blackrock Muniholdings New Jersey Quality Fund, Inc.)
