Common use of Checks Clause in Contracts

Checks. The Trust shall supply SSI with a sufficient supply of serially pre-numbered blank checks for the dividend bank accounts and for the principal bank accounts of Trust. SSI shall prepare and sign by facsimile signature plates, bearing the facsimiles of the signatures of authorized signatories, dividend account checks for payment of ordinary income dividends and capital gain distributions and principal account checks for payment of redemptions of Shares, including those in connection with the Trusts' Withdrawal Plans, refunds on subscriptions and other capital payments on Shares, in accordance with this Agreement. SSI shall hold signature facsimile plates for this purpose and shall exercise reasonable care in their transportation, storage or use. SSI may deliver such signature facsimile plates to an agent or contractor to perform the services described herein, but shall not be relieved of its duties hereunder by any such delivery.

Checks. The Each Trust shall supply SSI with a sufficient supply of serially pre-numbered blank checks for the dividend bank accounts and for the principal bank accounts of Trust. SSI shall prepare and sign by facsimile signature plates, bearing the facsimiles of the signatures of authorized signatories, dividend account checks for payment of ordinary income dividends and capital gain distributions and principal account checks for payment of redemptions of Shares, including those in connection with the Trusts' Withdrawal Plans, refunds on subscriptions and other capital payments on Shares, in accordance with this Agreement. SSI shall hold signature facsimile plates for this purpose and shall exercise reasonable care in their transportation, storage or use. SSI may deliver such signature facsimile plates to an agent or contractor to perform the services described herein, but shall not be relieved of its duties hereunder by any such delivery.