The Company to Provide Funds for Dividends and Redemptions. (a) Not later than noon on each Dividend Payment Date, the Company shall deposit with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds equal to the declared dividends to be paid to Holders on such Dividend Payment Date, and shall give the Paying Agent irrevocable instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
Appears in 28 contracts
Samples: Auction Agent Agreement (Preferred Income Strategies Fund Inc), Auction Agent Agreement (Muniyield Fund Inc), Auction Agent Agreement (Preferred & Corporate Income Strategies Fund Inc)
The Company to Provide Funds for Dividends and Redemptions. (a) Not later than noon 3:00 p.m. on the Business Day preceding each Dividend Payment Date, the Company shall deposit with the Paying Agent an aggregate amount of Federal Funds federal funds or similar same-day funds equal to the declared dividends to be paid to Holders on such Dividend Payment Date, Date and shall give the Paying Agent irrevocable instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
Appears in 10 contracts
Samples: Auction Agency Agreement (Tortoise Energy Infrastructure Corp), Auction Agency Agreement (Tortoise Energy Infrastructure Corp), Auction Agency Agreement (Tortoise Energy Infrastructure Corp)
The Company to Provide Funds for Dividends and Redemptions. (a) Not later than noon 3:00 p.m. on the Business Day preceding each Dividend Payment Date, the Company shall deposit with the Paying Agent an aggregate amount of Federal Funds funds or similar same-day funds equal to the declared dividends to be paid to Holders on such Dividend Payment Date, Date and shall give the Paying Agent irrevocable instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
Appears in 4 contracts
Samples: Auction Agency Agreement (Kayne Anderson Energy Total Return Fund, Inc.), Auction Agency Agreement (Kayne Anderson MLP Investment CO), Auction Agency Agreement (Kayne Anderson MLP Investment CO)
