The Certificate of Designation. The Trust shall notify the Paying Agent in writing of a decision to redeem any AMPS on or prior to the date specified in Section 3.2 above, and such notice by the Trust to the Paying Agent shall contain the information required to be stated in a Notice of Redemption required to be mailed by the Trust to such Holders. The Paying Agent shall have no duty to determine the redemption price and may rely conclusively on the amount thereof set forth in a Notice of Redemption.
Appears in 2 contracts
Sources: Auction Agent Agreement (Muniyield Pennsylvania Fund), Auction Agent Agreement (Muniyield Florida Insured Fund /Nj/)