Common use of PAYMENT OF DIVIDENDS OR DISTRIBUTIONS Clause in Contracts

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 The Fund shall furnish to the Bank the resolution of the Board of Trustees of the Fund certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution with respect to a Series on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a Series, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 The Fund shall furnish to the Bank the resolution of the Board of Trustees Directors of the Fund certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution distributions with respect to a Series on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a Series, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 7.1 The Fund Trust shall furnish to the Bank Custodian the resolution of the Board of Trustees of the Fund Trust certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution with respect to a Series on a specified periodic basis and authorizing the Bank Custodian to rely on Oral or Written Instructions specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a Series, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 The Fund shall furnish to the Bank the resolution of the Board of Trustees Directors of the Fund certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution with respect to a Series Portfolio on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of such each dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to be transferred to an appropriate deposit account that the Transfer Agent transfer agent may write checks against on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a SeriesPortfolio, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent appropriate deposit account on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 6.1. The Fund shall furnish to the Bank the resolution of the Board of Trustees ----- Directors of the Fund certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution with respect to a Series on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable amountpayable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a Series, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 The Fund Trust shall furnish to the Bank the resolution of the Board of Trustees Directors of the Fund Trust certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution with respect to a Series on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the t he payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a Series, the date of payment thereofthereof , the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 The Fund Company shall furnish to the Bank the resolution of the Board of Trustees Directors of the Fund Company certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution with respect to a Series on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a Series, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 The Fund shall furnish to the Bank the resolution of the Board of Trustees of the Fund certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution with respect to a Series Portfolio on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share Share to the shareholders of record as of the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a SeriesPortfolio, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 6.1 The Fund Trust shall furnish to the Bank the resolution of the Board of Trustees of the Fund Trust certified by the Secretary or Assistant Secretary (i) authorizing the declaration of dividends or distribution with respect to a Series on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which such shareholders entitled to payment shall be determined, the amount payable per share Share to the shareholders of record as of the record date and the total amount payable per share Share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a Series, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date.be