Common use of Dividend Disbursing Agent Clause in Contracts

Dividend Disbursing Agent. Section 5.1 As Dividend Disbursing Agent, DSC shall disburse and cause to be disbursed to Fund shareholders Fund dividends, capital gains distributions or any payments from other sources as directed by Fund. In connection therewith, but not in limitation thereof, DSC shall: A. Calculate the total disbursement due and payable and the disbursement to each shareholder as to shares owned, in accordance with Fund's authorization. B. Calculate the total disbursements for each shareholder, as aforesaid, to be disbursed in cash; prepare and mail check therefor. C. Calculate the total disbursement for each shareholder, as aforesaid, for which Fund shares are to be issued, and authorized and instruct the issuance of Fund shares therefor in accordance with Section IV hereof. D. Prepare and mail or deliver such forms and notices pertaining to disbursements as required by the federal or state authority. E. Create and maintain records, reconcile and control disbursements to be made and made, both as to cash and shares, as aforesaid; provide such notices, instruction or authorization as Fund may require. Section 5.2 DSC shall not be required to make any disbursement upon the receipt from Fund, or from any federal or state agency or authority, written notice that such disbursement shall not be made.

Dividend Disbursing Agent. Section 5.1 As Dividend Disbursing AgentAgent for the Series, DSC shall disburse and cause to be disbursed to Fund Series' shareholders Fund Series' dividends, capital gains distributions or any payments from other sources as directed by Fund. In connection therewith, but not in limitation thereof, DSC shall: A. Calculate the total disbursement due and payable and the disbursement to each shareholder as to shares owned, in accordance with Fund's authorization. B. Calculate the total disbursements for each shareholder, as aforesaid, to be disbursed in cash; prepare and mail check therefor. C. Calculate the total disbursement for each shareholder, as aforesaid, for which Fund Series' shares are to be issued, and authorized and instruct the issuance of Fund Series' shares therefor in accordance with Section IV hereof. D. Prepare and mail or deliver such forms and notices pertaining to disbursements as required by the federal or state authority. E. Create and maintain records, reconcile and control disbursements to be made and made, both as to cash and shares, as aforesaid; provide such notices, instruction or authorization as Fund may require. Section 5.2 DSC shall not be required to make any disbursement upon the receipt from Fund, or from any federal or state agency or authority, written notice that such disbursement shall not be made.

Dividend Disbursing Agent. Section 5.1 As Dividend Disbursing AgentAgent for the Series, DSC shall disburse and cause to be disbursed to Fund shareholders Fund Series' stockholders Series' dividends, capital gains distributions or any payments from other sources as directed by the Fund. In connection therewith, but not in the limitation thereof, DSC shall: A. (a) Calculate the total disbursement due and payable and the disbursement to each shareholder stockholder as to shares owned, in accordance with the Fund's authorization. B. (b) Calculate the total disbursements for each shareholderstockholder, as aforesaid, to be disbursed in cash; prepare and mail check checks therefor. C. (c) Calculate the total disbursement for each shareholderstockholder, as aforesaid, for which Fund Series' shares are to be issued, issued and authorized and instruct the issuance of Fund Series' shares therefor in accordance with Section IV hereof. D. (d) Prepare and mail or deliver such forms and notices pertaining to disbursements as required by the federal or state authority. E. (e) Create and maintain records, reconcile and control disbursements to be made and made, both as to cash and shares, as aforesaid; provide such notices, instruction or authorization as the Fund may require. Section 5.2 DSC shall not be required to make any disbursement upon the receipt of DSC from the Fund, or from any federal or state agency or authority, written notice that such disbursement shall not be made.

Dividend Disbursing Agent. Section 5.1 As Dividend Disbursing AgentAgent for the Portfolios, DSC shall disburse and cause to be disbursed to Fund shareholders Fund stockholders of each Portfolio's dividends, capital gains distributions or any payments from other sources as directed by the Fund. In connection therewith, but not in the limitation thereof, DSC shall: A. (a) Calculate the total disbursement due and payable and the disbursement to each shareholder stockholder as to shares owned, in accordance with the Fund's authorization. B. (b) Calculate the total disbursements for each shareholderstockholder, as aforesaid, to be disbursed in cash; prepare and mail check checks therefor. C. (c) Calculate the total disbursement for each shareholderstockholder of each Portfolio, as aforesaid, for which Fund Portfolio shares are to be issued, issued and authorized and instruct the issuance of Fund Portfolio shares therefor in accordance with Section IV hereof. D. (d) Prepare and mail or deliver such forms and notices pertaining to disbursements as required by the federal or state authority. E. (e) Create and maintain records, reconcile and control disbursements to be made and made, both as to cash and shares, as aforesaid; provide such notices, instruction or authorization as the Fund may require. Section 5.2 DSC shall not be required to make any disbursement upon the receipt of DSC from the Fund, or from any federal or state agency or authority, written notice that such disbursement shall not be made.

Dividend Disbursing Agent. Section 5.1 As Dividend Disbursing AgentAgent for the Series, DSC shall disburse and cause to be disbursed to Fund shareholders Fund stockholders of each Series dividends, capital gains distributions or any payments from other sources as directed by the Fund. In connection therewith, but not in the limitation thereof, DSC shall: A. (a) Calculate the total disbursement due and payable and the disbursement to each shareholder stockholder as to shares owned, in accordance with the Fund's authorization. B. (b) Calculate the total disbursements for each shareholderstockholder, as aforesaid, to be disbursed in cash; prepare and mail check checks therefor. C. (c) Calculate the total disbursement for each shareholderstockholder of each Series, as aforesaid, for which Fund Series' shares are to be issued, issued and authorized and instruct the issuance of Fund Series' shares therefor in accordance with Section IV hereof. D. (d) Prepare and mail or deliver such forms and notices pertaining to disbursements as required by the federal or state authority. E. (e) Create and maintain records, reconcile and control disbursements to be made and made, both as to cash and shares, as aforesaid; provide such notices, instruction or authorization as the Fund may require. Section 5.2 DSC shall not be required to make any disbursement upon the receipt of DSC from the Fund, or from any federal or state agency or authority, written notice that such disbursement shall not be made.

Dividend Disbursing Agent. Section 5.1 As Dividend Disbursing AgentAgent for the Series, DSC shall disburse and cause to be disbursed to Fund shareholders Fund of the Series dividends, capital gains distributions or any payments from other sources as directed by Fundthe Trust. In connection therewith, but not in the limitation thereof, DSC shall: A. (a) Calculate the total disbursement due and payable and the disbursement to each shareholder as to shares owned, in accordance with Fundthe Trust's authorization. B. (b) Calculate the total disbursements for each shareholder, as aforesaid, to be disbursed in cash; prepare and mail check checks therefor. C. (c) Calculate the total disbursement for each shareholdershareholder of the Series, as aforesaid, for which Fund Series' shares are to be issued, issued and authorized and instruct the issuance of Fund Series' shares therefor in accordance with Section IV hereof. D. (d) Prepare and mail or deliver such forms and notices pertaining to disbursements as required by the federal or state authority. E. (e) Create and maintain records, reconcile and control disbursements to be made and made, both as to cash and shares, as aforesaid; provide such notices, instruction or authorization as Fund the Trust may require. Section 5.2 DSC shall not be required to make any disbursement upon the receipt of DSC from Fundthe Trust, or from any federal or state agency or authority, written notice that such disbursement shall not be made.