Common use of DIVIDENDS, DISTRIBUTIONS Clause in Contracts

DIVIDENDS, DISTRIBUTIONS. Any cash dividends or other distributions in cash received by the Trustee on Trust Shares shall be distributed by the Trustee to the Beneficiary in the same proportion as the number of Beneficiary Shares owned by such Beneficiary bears to the total number of Trust Shares held by the Trustee upon which the dividend or other distribution is made. Stock dividends or other distributions "in kind" shall be held by the Trustee as Trust Shares and shall thereafter be distributed to the Beneficiary as Beneficiary Shares in accordance with the Distribution Schedule.