DEPOSIT SECURITIES. Except as otherwise provided with respect to a Failed Remarketing Condition—Purchased LEARS Redemption in Section 6.21 below, if a Notice of Redemption of LEARS has been provided in accordance with the Statement, the Fund shall have available Deposit Securities or shall deposit with the Tender and Paying Agent, on the day such Notice of Redemption is provided to Holders, an aggregate amount of Deposit Securities with a Market Value sufficient to redeem the LEARS that are the subject of such notice as provided in the Statement.
Appears in 2 contracts
Sources: Administrative Services Agreement (Blackrock Muniyield New Jersey Fund, Inc.), Tender and Paying Agent Agreement (Blackrock Muniyield Pennsylvania Quality Fund)