Common use of Dividends and Distribution Clause in Contracts

Dividends and Distribution. (A) The Portfolio shall furnish GT with appropriate evidence of action by the Portfolio's board of trustees declaring dividends and distributions and authorizing their payment as described in the Registration Statement. After deducting any amount required to be withheld by any applicable tax laws, rules and regulations or other applicable laws, rules and regulations, in accordance with the instructions in proper form from a Shareholder and the provisions of the Governing Trust Documents and Registration Statement, GT shall issue and credit the account of the Shareholder with Shares or pay such dividends for distributions to the Shareholder in cash, upon the election of the Shareholder as provided for in the Registration Statement. In lieu of receiving from the Custodian and paying to Shareholders cash dividends or distributions, GT may arrange for the direct payment of cash dividends and distributions to Shareholders by the Custodian, in accordance with such procedures and controls as are mutually agreed upon from time to time by and among the Portfolio, GT and the Custodian.

Dividends and Distribution. (A) The Portfolio Fund shall furnish GT with appropriate evidence of action by the PortfolioFund's board of trustees directors declaring dividends and distributions and authorizing their payment as described in the Registration StatementProspectus. After deducting any amount required to be withheld by any applicable tax laws, rules and regulations or other applicable laws, rules and regulations, in accordance with the instructions in proper form from a Shareholder and the provisions of the Governing Trust Corporate Documents and Registration StatementProspectus, GT shall issue and credit the account of the Shareholder with Shares or pay such dividends for distributions to the Shareholder in cash, upon the election of the Shareholder as provided for in the Registration StatementProspectus. In lieu of receiving from the Custodian and paying to Shareholders cash dividends or distributions, GT may arrange for the direct payment of cash dividends and distributions to Shareholders by the Custodian, in accordance with such procedures and controls as are mutually agreed upon from time to time by and among the PortfolioFund, GT and the Custodian.

Dividends and Distribution. (A) The Portfolio Fund shall furnish GT with appropriate evidence of action by the PortfolioFund's board of trustees directors declaring dividends and distributions and authorizing their payment as described in the Registration StatementProspectus. After deducting any amount required to be withheld by any applicable tax laws, rules and regulations or other applicable laws, rules and regulations, in accordance with the instructions in proper form from a Shareholder and the provisions of the Governing Trust Corporate Documents and Registration StatementProspectus, GT shall issue and credit the account of the Shareholder with Shares or pay such dividends for distributions to the Shareholder in cash, upon the election of the Shareholder as provided for in the Registration StatementProspectus. In lieu of receiving from the Custodian and paying to Shareholders cash dividends or distributions, GT may arrange for the direct payment of cash dividends and distributions to Shareholders by the Custodian, in accordance with such procedures and controls as are mutually agreed upon from time to time by and among the Portfolio, GT and the Custodian.by