Common use of Payment of Dividends and Interest Clause in Contracts

Payment of Dividends and Interest. Any assets which pay dividends or interest will declare a record date to establish entitlement for such payment. Syfe shall claim all amounts in respect of interest or dividends pertaining to your Authorised Investments held in custody which are known to Syfe to be payable. Such amounts shall be paid to you or held in a segregated trust account with Syfe as and when they are actually received, but neither Syfe nor its Delegate shall be responsible for claiming any other distribution or entitlement or benefit you may have on your behalf, or for taking up or exercising any conversion rights, subscription rights or other rights of any nature, dealing with takeover or other offers or capital reorganisations. Syfe and/or its Delegate may execute in your name whenever it deems it appropriate such documents and other certificates as may be required to obtain the payment of income from your Authorised Investments or the sale thereof.

Payment of Dividends and Interest. Any assets which pay dividends or interest will declare a record date to establish entitlement for such payment. Syfe shall claim all amounts in respect of interest or dividends pertaining to your Authorised Investments held in custody which are known to Syfe to be payable. Such amounts shall be paid to you or held in a segregated trust account with Syfe Xxxx as and when they are actually received, but neither Syfe nor its Delegate shall be responsible for claiming any other distribution or entitlement or benefit you may have on your behalf, or for taking up or exercising any conversion rights, subscription rights or other rights of any nature, dealing with takeover or other offers or capital reorganisations. Syfe and/or its Delegate may execute in your name whenever it deems it appropriate such documents and other certificates as may be required to obtain the payment of income from your Authorised Investments or the sale thereof.