Distributions Payable in Shares. In the event that the Board of the Investment Company shall declare a distribution payable in Shares, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the number of Shares involved, and (ii) that all appropriate action has been taken to effect such distribution.
Appears in 203 contracts
Samples: Transfer Agent and Shareholder Services Agreement (Franklin New York Tax Free Trust), Transfer Agent and Shareholder Services Agreement (Franklin Strategic Mortgage Portfolio), Transfer Agent and Shareholder Services Agreement (Franklin Custodian Funds)
Distributions Payable in Shares. In the event that the Board of the Investment Company shall declare a distribution payable in Shares, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the number of Shares involved, and (ii) that all appropriate action has been taken to effect such distribution.. 4
Appears in 2 contracts
Samples: Transfer Agent and Shareholder Services Agreement (Templeton Income Trust), Transfer Agent and Shareholder Services Agreement (Franklin Fund Allocator Series)
