Common use of Submission of Orders by Broker-Dealers to Auction Agent Clause in Contracts

Submission of Orders by Broker-Dealers to Auction Agent. (a) Each Broker-Dealer shall submit in writing to the Auction Agent prior to the Submission Deadline on each Auction Date for the Auction to be conducted on such Auction Date all Orders obtained by such Broker-Dealer and specifying with respect to each Order: (i) the name of the Existing Holder or Potential Holder placing such Order; (ii) the aggregate number of shares of the relevant series of ATP that are the subject of such Order; (iii) to the extent that such Orders are placed by an Existing Holder: (A) the number of shares of the relevant series of ATP, if any, subject to any Hold Order placed by such Existing Holder; (B) the number of shares of the relevant series of ATP, if any, subject to any Hold/Sell Order placed by such Existing Holder; (C) the number of shares of the relevant series of ATP, if any, subject to any Sell Order placed by such Existing Holder; and (iv) the rate per annum specified in such Order.