Dividend Disbursing Agent. 4.1 The Corporation hereby appoints Odyssey as agent to distribute to holders of Shares dividends as may from time to time be declared by the board of directors of the Corporation and Odyssey hereby accepts such appointment upon the terms herein contained. 4.2 Odyssey shall disburse dividends in accordance herewith upon receiving written direction from the Corporation and a certified copy of a resolution of the board of directors of the Corporation declaring such dividends. 4.3 At least one business day before the date on which such dividends are payable, the Corporation shall deliver to Odyssey by electronic transfer or certified cheque, funds sufficient to pay such dividends, or make such other arrangements for the provision of funds as may be agreeable between the parties. Notwithstanding the foregoing, all payments in excess of $25 million in Canadian dollars (or such other amount as determined from time to time by the Canadian Payments Association) must be made by electronic transfer. 4.4 If any funds are received by Odyssey in the form of uncertified cheques, Odyssey shall be entitled to delay the time for release of such funds until such uncertified cheques shall be determined to have cleared the financial institution upon which the same are drawn.
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Samples: Transfer Agent and Registrar Agreement, Transfer Agent and Registrar Agreement, Transfer Agent and Registrar Agreement