The Company to Provide Funds for Interest and Redemptions. (a) Not later than 3:00 p.m. on the Business Day preceding each Interest 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 interest to be paid to Holders on such Interest Payment Date and shall give the Paying Agent irrevocable instructions to apply such funds to the payment of such interest on such Interest Payment Date.
Appears in 4 contracts
Samples: Auction Agency Agreement (Kayne Anderson MLP Investment CO), Auction Agency Agreement (Kayne Anderson MLP Investment CO), Auction Agency Agreement (Kayne Anderson MLP Investment CO)
