The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date. (b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS called for redemption upon surrender of the certificate or certificates therefor.
Appears in 24 contracts
Samples: Auction Agency Agreement (Clough Global Equity Fund), Auction Agency Agreement (Reaves Utility Income Fund), Auction Agency Agreement (Clough Global Opportunities Fund)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS Preferred Shares called for redemption upon surrender of the certificate or certificates therefor.
Appears in 12 contracts
Samples: Auction Agency Agreement (Neuberger Berman Realty Income Fund Inc), Auction Agency Agreement (Neuberger Berman Real Estate Securities Income Fund Inc), Auction Agency Agreement (Neuberger Berman Realty Income Fund Inc)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by 12:00 noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS Preferred Shares called for redemption upon surrender of the certificate or certificates therefortherefore.
Appears in 7 contracts
Samples: Auction Agency Agreement, Auction Agency Agreement (Real Estate Income Fund Inc), Auction Agency Agreement (Scudder Rreef Real Estate Fund Ii Inc)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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, Date and shall give the Paying Agent irrevocable written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS Preferred Shares called for redemption upon surrender of the certificate or certificates therefor.
Appears in 7 contracts
Samples: Auction Agency Agreement (Pimco Municipal Income Fund Ii), Auction Agency Agreement (Pimco Municipal Income Fund Iii), Auction Agency Agreement (Pimco New York Municipal Income Fund Ii)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS shares of Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS shares of Preferred Shares called for redemption upon surrender of the certificate or certificates therefor.
Appears in 6 contracts
Samples: Auction Agency Agreement (Prospect Street High Income Portfolio Inc), Auction Agency Agreement (Pimco California Municipal Income Fund), Auction Agency Agreement (Pimco Municipal Income Fund)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS APS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS APS called for redemption upon surrender of the certificate or certificates therefor.
Appears in 4 contracts
Samples: Auction Agency Agreement (DNP Select Income Fund Inc), Auction Agency Agreement (DNP Select Income Fund Inc), Auction Agency Agreement (DNP Select Income Fund Inc)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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, Date and shall give the Paying Agent irrevocable written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by 12:00 noon of on the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS called for redemption upon surrender of the certificate or certificates therefor.
Appears in 4 contracts
Samples: Auction Agency Agreement (Pimco Corporate & Income Opportunity Fund), Auction Agency Agreement (PIMCO Floating Rate Strategy Fund), Auction Agency Agreement (Pimco Corporate Opportunity Fund)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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, Date and shall give the Paying Agent irrevocable written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by 12:00 noon of on the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS Preferred Shares called for redemption upon surrender of the certificate or certificates therefor.
Appears in 3 contracts
Samples: Auction Agency Agreement (Pimco High Income Fund), Auction Agency Agreement (Pioneer Municipal High Income Advantage Trust), Auction Agency Agreement (Nicholas Applegate Convertible & Income Fund Ii)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS shares of Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS Preferred Shares called for redemption upon surrender of the certificate or certificates therefor.
Appears in 2 contracts
Samples: Auction Agency Agreement (Pimco Corporate & Income Strategy Fund), Auction Agency Agreement (Pimco Corporate Income Fund)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS Series Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS Series Preferred Shares called for redemption upon surrender of the certificate or certificates therefor.
Appears in 2 contracts
Samples: Auction Agency Agreement (Cohen & Steers Select Utility Fund Inc), Auction Agency Agreement (Cohen & Steers Reit & Utility Income Fund Inc)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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, Date and shall give the Paying Agent irrevocable written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by 12:00 noon of on the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS APS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS APS called for redemption upon surrender of the certificate or certificates therefor.
Appears in 2 contracts
Samples: Auction Agency Agreement (Blackrock Florida Municipal 2020 Term Trust), Auction Agency Agreement (Blackrock Municipal 2020 Term Trust)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on the Business Day next preceding each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS called for redemption upon surrender of the certificate or certificates therefor.
Appears in 2 contracts
Samples: Auction Agency Agreement (Evergreen Managed Income Fund), Auction Agency Agreement (Evergreen Income Advantage Fund)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon 9:00 A.M. of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS Preferred Shares called for redemption upon surrender of the certificate or certificates therefortherefore.
Appears in 1 contract
Samples: Auction Agency Agreement (Travelers Corp Loan Fund Inc)
The Fund to Provide Funds for Dividends and Redemptions. (a1) Not later than 12:00 noon on each Dividend Payment Date, the Fund shall deposit with the Paying Agent an aggregate amount of Federal Funds or similar sameSame-day funds Day Funds equal to the declared dividends to be paid to Holders on such Dividend Payment Date, and shall give the Paying Agent irrevocable written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b2) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar sameSame-day funds Day Funds sufficient to redeem such AMPS shares of APS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS shares of APS called for redemption upon surrender of the certificate or certificates therefor.
Appears in 1 contract
Samples: Auction Agent Agreement (Eaton Vance Credit Opportunities Fund)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS Preferred Shares called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS Preferred Shares called for redemption upon surrender of the certificate or certificates therefor.
Appears in 1 contract
Samples: Auction Agency Agreement (Cohen & Steers Advantage Income Fund Inc)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS called for redemption upon surrender of the certificate or certificates therefor.. 3.4
Appears in 1 contract
Samples: Auction Agency Agreement (Clough Global Allocation Fund)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on the Business Day preceding each Dividend Payment Date, the Fund 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, Date and shall give the Paying Agent irrevocable written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by 12:00 noon of on the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders of AMPS called for redemption upon surrender of the certificate or certificates therefor.
Appears in 1 contract
Samples: Auction Agency Agreement (First Trust Four Corners Senior Floating Rate Income Fund Ii)
The Fund to Provide Funds for Dividends and Redemptions. (a) Not later than 12:00 noon on each Dividend Payment Date, the Fund 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 Existing Owners on such Dividend Payment Date, and shall give the Paying Agent irrevocable written instructions to apply such funds to the payment of such dividends on such Dividend Payment Date.
(b) If the Fund shall give a Notice of Redemption, then by noon of the date fixed for redemption, the Fund shall deposit in trust with the Paying Agent an aggregate amount of Federal Funds or similar same-day funds sufficient to redeem such AMPS called for redemption and shall give the Paying Agent irrevocable written instructions and authority to pay the redemption price to the Holders Existing Owners of AMPS called for redemption upon surrender of the certificate or certificates therefor.
Appears in 1 contract
Samples: Auction Agreement (Cohen & Steers Global Income Builder, Inc)
