Common use of Stop Payments Clause in Contracts

Stop Payments. The Fund hereby authorizes the Transfer Agent to stop payment of checks issued in payment of dividends, but not presented for payment, when the payees thereof allege either that they have not received the checks or that such checks have been mislaid, lost, stolen, destroyed or, through no fault of theirs, are otherwise beyond their control and cannot be produced by them for presentation and collection, and the Transfer Agent shall issue and deliver duplicate checks in replacement thereof, and the Fund shall indemnify Transfer Agent against any loss or damage resulting from reissuance of the checks.

Appears in 102 contracts

Samples: Agency and Service Agreement, Transfer Agency and Service Agreement (Nuveen Credit Opportunities 2022 Target Term Fund), Transfer Agency and Service Agreement (Nuveen Preferred & Income 2022 Term Fund)

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