Common use of PAYMENT OF DIVIDENDS OR DISTRIBUTIONS Clause in Contracts

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust shall furnish to the Custodian a copy of the resolution of the Board of Trustees, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the Funds, the date of payment thereof, the record date as of which Funds shareholders entitled to payment shall be determined, the amount payable per share to Funds shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds shareholders entitled to payment shall be determined, the amount payable per share to Funds shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust Fund shall furnish to the Custodian a copy of the resolution of the Board of Trustees, Trustees certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsFund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust shall furnish to the Custodian a copy of the resolution of the Board of Trustees, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsFund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust In connection with any dividend or distribution declared with respect to shares of capital stock of the Fund, the Fund shall furnish to the Custodian a copy of the resolution of the Board of TrusteesDirectors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the Funds, the date of payment thereof, the record date as of which Funds shareholders entitled to payment shall be determined, the amount payable per share to Funds shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds shareholders entitled to payment shall be determined, the amount payable per share to Funds the shareholders of record as of that date and the total amount payable to be paid by the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and Transfer distribution on a daily basis and authorizing the Custodian to rely on a Certificate, Oral Instructions or Written Instructions setting forth 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 that date and the total amount payable to the Dividend Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust shall furnish to the Custodian a copy of the resolution of the Board of Trustees, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the Fundsa Fund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds a Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust Portfolio shall furnish to the Custodian a copy of the resolution of the Board of Trustees, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsPortfolio, the date of payment thereof, the record date as of which Funds shareholders holders of Portfolio shares entitled to payment shall be determined, the amount payable per share to Funds shareholders holder of Portfolio shares of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Portfolio on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds Portfolio on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds shareholders holders of Portfolio shares entitled to payment shall be determined, the amount payable per share to Funds shareholders holders of Portfolio shares of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust Fund shall furnish to the Custodian a copy of the resolution of the Board of TrusteesDirectors, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsFund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust Corporation shall furnish to the Custodian a copy of the resolution of the Board of TrusteesDirectors, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsFund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust shall furnish to the Custodian a copy of the resolution of the its Board of Trustees, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsTrust, the date of payment thereof, the record date as of which Funds Trust shareholders entitled to payment shall be determined, the amount payable per share to Funds Trust shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Trust on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds Trust on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Trust shareholders entitled to payment shall be determined, the amount payable per share to Funds Trust shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust shall furnish to the Custodian a copy of the resolution of the Board of Trustees, certified by the Secretarysecretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsFund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, . the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust shall furnish to the Custodian a copy of the resolution of the Board of Trustees, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsFund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (iiII) authorizing the declaration of dividends and distributions in respect of shares of the Funds Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust shall furnish to the Custodian a copy of the resolution of the Board of Trustees, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsFund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (iiIi) authorizing the declaration of dividends and distributions in respect of shares of the Funds Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust Company shall furnish to the Custodian a copy of the resolution of the Board of TrusteesDirectors, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the FundsFund, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds Fund on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds Fund shareholders entitled to payment shall be determined, the amount payable per share to Funds Fund shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. The Trust shall furnish to the Custodian a copy of the resolution of the Board of Trustees, certified by the Secretary, either (i) setting forth the date of the declaration of any dividend or distribution in respect of shares of the Funds, the date of payment thereof, the record date as of which Funds shareholders entitled to payment shall be determined, the amount payable per share to Funds shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent of the Funds on the payment date, or (ii) authorizing the declaration of dividends and distributions in respect of shares of the Funds on a daily basis and authorizing the Custodian to rely on Written Instructions or a Certificate setting forth the date of the declaration of any such dividend or distribution, the date of payment thereof, the record date as of which Funds shareholders entitled to payment shall be determined, . the amount payable per share to Funds shareholders of record as of that date and the total amount to be paid by the Dividend and Transfer Agent on the payment date.