Common use of The Auction Agent as Dividend and Redemption Price Disbursing Agent Clause in Contracts

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred of such series, (ii) on any date fixed for redemption of shares of MuniPreferred of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund as set forth in Section 2 of Part I of the Statement with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund as set forth in Section 11 of Part I of the Statement with respect to such series. The Fund shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I of the Statement. Such notice by the Fund to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred Preferred Shares of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred Preferred Shares of such series, (ii) on any date fixed for redemption of shares of MuniPreferred Preferred Shares of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred Preferred Shares to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I of the Statement with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred Preferred Shares at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I of the Statement. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred APS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred APS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred APS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred APS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I Sections 8.4 and 8.9 of the Statement Amended By-Laws with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I Sections 8.4, 8.6 and 8.9 of the Statement Amended By-Laws with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred APS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I 8.6 of the StatementAmended By-Laws. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I 8.6 of the Statement Amended By-Laws to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred Municipal Preferred of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred Municipal Preferred of such series, (ii) on any date fixed for redemption of shares of MuniPreferred Municipal Preferred of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds Trusts from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred Municipal Preferred to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of Section 12.1 of the Statement Bylaws with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I of Section 12.1 of the Statement Bylaws with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred Municipal Preferred at least five days prior to the date a notice Notice of redemption Redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I of the Statement. Such notice by the Fund to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I 12.1 of the Statement to be stated in the notice of redemption required to be mailed by the Fund to such Holders.15 15

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred AMPS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred AMPS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred AMPS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred AMPS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 9 of Part I of the Statement with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred AMPS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 9 of Part I of the Statement. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 9 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred AMPS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred AMPS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred AMPS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred AMPS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I of the Statement with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred AMPS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I of the Statement. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred of any series AMPS (i) on each Dividend Payment Date for such seriesthe AMPS, dividends on the shares of MuniPreferred of such seriesAMPS, (ii) on any date fixed for redemption of shares of MuniPreferred of any seriesAMPS, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred the AMPS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such seriesthe AMPS. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I of the Statement with respect to such seriesthe AMPS. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred AMPS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I of the Statement. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred Municipal Preferred of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred Municipal Preferred of such series, (ii) on any date fixed for redemption of shares of MuniPreferred Municipal Preferred of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds Trusts from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred Municipal Preferred to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of Section 12.1 of the Statement Bylaws with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I of Section 12.1 of the Statement Bylaws with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred Municipal Preferred at least five days prior to the date a notice Notice of redemption Redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I of the Statement. Such notice by the Fund to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I 12.1 of the Statement to be stated in the notice of redemption required to be mailed by the Fund to such Holders.17 15

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred of any series Preferred Shares (i) on each Dividend Payment Date for such seriesDate, dividends on the shares of MuniPreferred of such seriesPreferred Shares, (ii) on any date fixed for redemption of shares of MuniPreferred of any seriesPreferred Shares, the Redemption Price of any shares of such series the Preferred Shares called for redemption and (iii) any Late Charge late charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Chargelate charge. The amount of dividends for any Rate Dividend Period for any series of MuniPreferred to be paid by the Auction Agent to the Holders of such shares of such series Preferred Shares will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such seriesof Preferences. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 3 of Part I of the Statement with respect to such seriesof Preferences. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred Preferred Shares at least five days one Business Day prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (cb) of Section 11 3 of Part I of the StatementStatement of Preferences and shall notify the Auction Agent in writing on or prior to the 10th day preceding a Mandatory Redemption Date. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (cb) of Section 11 3 of Part I of the Statement of Preferences to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred of any series Preferred Shares (i) on each Dividend Payment Date for such seriesDate, dividends on the shares of MuniPreferred of such seriesPreferred Shares, (ii) on any date fixed for redemption of shares of MuniPreferred of any seriesPreferred Shares, the Redemption Price of any shares of such series the Preferred Shares called for redemption and (iii) any Late Charge late charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Corporation with which to pay such dividends, Redemption Price or Late Chargelate charge. The amount of dividends for any Rate Dividend Period for any series of MuniPreferred to be paid by the Auction Agent to the Holders of such shares of such series Preferred Shares will be determined by the Fund Corporation as set forth in Section 2 of Part Article I of the Statement with respect to such seriesArticles Supplementary. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Corporation as set forth in Section 11 3 of Part Article I of the Statement with respect to such seriesArticles Supplementary. The Fund Corporation shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred Preferred Shares at least five days one Business Day prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (cb) of Section 11 3 of Part Article I of the StatementArticles Supplementary and shall notify the Auction Agent in writing on or prior to the 10th day preceding a Mandatory Redemption Date. Such notice by the Fund Corporation to the Auction Agent shall contain the information required by paragraph (cb) of Section 11 3 of Part Article I of the Statement Articles Supplementary to be stated in the notice of redemption required to be mailed by the Fund Corporation to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred APS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred APS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred APS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred APS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 10 of Part I of the Statement with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred APS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 10 of Part I of the Statement. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 10 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred AMPS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred AMPS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred AMPS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred AMPS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 Paragraph 1 of Part I of Section 12.1 of the Statement Amended Bylaws with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 Paragraph 8 of Part I of Section 12.1 of the Statement Amended Bylaws with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred AMPS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (cParagraph 8(c) of Section 11 of Part I of the Statement. Such notice by the Fund to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund to such Holders.12.1

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred APS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred APS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred APS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge, and provide any notice in connection therewith that shall be required by the Investment Company Act of 1940 and the rules and regulations of the Securities and Exchange Commission thereunder, or as may otherwise be requested by the Trust. The amount of dividends for any Rate Period for any series of MuniPreferred APS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I Sections 8.4 and 8.9 of the Statement Amended By-Laws with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I Sections 8.4, 8.6 and 8.9 of the Statement Amended By-Laws with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred APS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I 8.6 of the StatementAmended By-Laws. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I 8.6 of the Statement Amended By-Laws to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred APS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred APS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred APS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred APS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I Sections 8.4 and 8.9 of the Statement By-Laws with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I Sections 8.4, 8.6 and 8.9 of the Statement By-Laws with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred APS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I 8.6 of the StatementBy-Laws. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 of Part I 8.6 of the Statement By-Laws to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred Municipal Preferred of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred Municipal Preferred of such series, (ii) on any date fixed for redemption of shares of MuniPreferred Municipal Preferred of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds Trusts from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred Municipal Preferred to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of Section 12.1 of the Statement Bylaws with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 of Part I of Section 12.1 of the Statement Bylaws with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred Municipal Preferred at least five days prior to the date a notice Notice of redemption Redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 of Part I of the Statement. Such notice by the Fund to the Auction Agent shall contain the information required by paragraph (c) Section 12.1 of Section 11 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund to such Holders.the

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred AMPS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred AMPS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred AMPS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge, and provide any notice in connection therewith that shall be required by the Investment Company Act of 1940, as amended, and the rules and regulations of the Securities and Exchange Commission thereunder, or as may otherwise be requested by the Trust. The amount of dividends for any Rate Dividend Period for any series of MuniPreferred AMPS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 9 of Part I of the Statement with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred AMPS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 9 of Part I of the Statement. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 9 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred AMPS of any series (i) on each Dividend Payment Date for such series, dividends on the shares of MuniPreferred AMPS of such series, (ii) on any date fixed for redemption of shares of MuniPreferred AMPS of any series, the Redemption Price of any shares of such series called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred AMPS to be paid by the Auction Agent to the Holders of such shares of such series will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such to such series. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 10 of Part I of the Statement with respect to such series. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred AMPS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 10 of Part I of the Statement. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 10 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred of any series APS (i) on each Dividend Payment Date for such seriesDate, dividends on the shares of MuniPreferred of such seriesAPS, (ii) on any date fixed for redemption of shares of MuniPreferred of any seriesAPS, the Redemption Price of any shares of such series APS called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Trust with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for any series of MuniPreferred to be paid by the Auction Agent to the Holders of such shares of such series APS will be determined by the Fund Trust as set forth in Section 2 of Part I of the Statement with respect to such seriesStatement. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Trust as set forth in Section 11 10 of Part I of the Statement with respect to such seriesStatement. The Fund Trust shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred APS at least five days prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (c) of Section 11 10 of Part I of the Statement. Such notice by the Fund Trust to the Auction Agent shall contain the information required by paragraph (c) of Section 11 10 of Part I of the Statement to be stated in the notice of redemption required to be mailed by the Fund Trust to such Holders.

The Auction Agent as Dividend and Redemption Price Disbursing Agent. The Auction Agent, as dividend and redemption price disbursing agent, shall pay to the Holders of shares of MuniPreferred of any series Preferred Shares (i) on each Dividend Payment Date for such seriesDate, dividends on the shares of MuniPreferred of such seriesPreferred Shares, (ii) on any date fixed for redemption of shares of MuniPreferred of any seriesPreferred Shares, the Redemption Price of any shares of such series the Preferred Shares called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund Corporation with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Dividend Period for any series of MuniPreferred to be paid by the Auction Agent to the Holders of such shares of such series Preferred Shares will be determined by the Fund Corporation as set forth in Section 2 of Part Article I of the Statement with respect to such seriesArticles Supplementary. The Redemption Price of any shares to be paid by the Auction Agent to the Holders will be determined by the Fund Corporation as set forth in Section 11 3 of Part Article I of the Statement with respect to such seriesArticles Supplementary. The Fund Corporation shall notify the Auction Agent in writing of a decision to redeem shares of any series of MuniPreferred Preferred Shares at least five days one Business Day prior to the date a notice of redemption is required to be mailed to the Holders of the shares to be redeemed by paragraph (cb) of Section 11 3 of Part Article I of the StatementArticles Supplementary and shall notify the Auction Agent in writing on or prior to the 10th day preceding a Mandatory Redemption Date. Such notice by the Fund Corporation to the Auction Agent shall contain the information required by paragraph (cb) of Section 11 3 of Part Article I of the Statement Articles Supplementary to be stated in the notice of redemption required to be mailed by the Fund Corporation to such Holders.