Common use of Dividend Disbursing Agent Clause in Contracts

Dividend Disbursing Agent. The Custodian shall act as dividend disbursing agent for the Fund and shall, in paying dividends or distributions, act upon an officers' certificate indicating the date of 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 per share of cash and/or securities payable or distributable as dividends, that the appropriate action had been taken pursuant to the Articles of Incorporation and By-Laws of the Fund authorizing the payment of said dividend and such other matters as may be deemed appropriate.

Dividend Disbursing Agent. The Custodian shall act as dividend disbursing agent for the Fund and shall, shall in paying dividends or distributions, act upon an officers' certificate indicating the date of 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 per share of cash and/or securities payable or distributable as dividends, that the appropriate action had been taken pursuant to the Articles of Incorporation and By-Laws of the Fund authorizing the payment of said dividend and such other matters as may be deemed appropriate.