Examples of Auction Agency Agreement in a sentence
Consent of Auction Agent, Broker-Dealers and Market Agent So long as any Auction Agency Agreement, Broker-Dealer Agreement or Market Agent Agreement is in effect, no Supplemental Indenture which materially adversely affects the rights, duties or immunities of the Auction Agent, a Broker-Dealer or the Market Agent will become effective unless and until delivery to the Trustee of a written consent of the Auction Agent, the Broker-Dealer or the Market Agent, as the case may be, to such Supplemental Indenture.
The auction procedures that apply to many auctions conducted by Merrill Lynch may also include reference to agreements that are generally called “Broker-Dealer Agreements” and “Auction Agency Agreements.” In general, even if the auction procedures do not reference a Broker-Dealer Agreement or an Auction Agency Agreement, you should assume that such agreements exist with respect to every auction rate security.
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Auction Agency Agreements An Auction Agency Agreement is an agreement between the issuer of a specific auction rate security and a firm (typically a bank) that agrees to serve, for fees payable by the issuer, as the “auction agent” for auctions of the security.
It'll take maybe a couple of months before we start exporting it.