Common use of Payment of Dividends and other Distributions Clause in Contracts

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of Capital Stock of any Portfolio ("Portfolio Shares") by the Board of Directors of Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said Board of Directors certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. Except if the ex-dividend date and the reinvestment date of any dividend are the same, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the Fund, insofar as the same shall be available for such purposes, and wire to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on Portfolio Shares issued and outstanding on the record date established by such Resolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of Capital Stock of any Portfolio Fund ("Portfolio Fund Shares") by the Board of Directors of Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said Board of Directors certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. Except if the ex-dividend date and the reinvestment date of any dividend are the same, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the Fund, insofar as the same shall be available for such purposes, and wire credit to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on Portfolio Fund Shares issued and outstanding on the record date established by such Resolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of Capital Stock Beneficial Interest of any Portfolio ("Portfolio Shares") by the Board of Directors Trustees of Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said Board of Directors Trustees certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. Except if the ex-dividend date and the reinvestment date of any dividend are the same, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the Fund, insofar as the same shall be available for such purposes, and wire to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on Portfolio Shares issued and outstanding on the record date established by such Resolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of Capital Stock of any Portfolio the Fund ("Portfolio Fund Shares") by the governing Board of Directors of the Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said governing Board of Directors certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. Except if the ex-dividend date and the reinvestment date of any dividend are the same, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the Fund, insofar as the same shall be available for such purposes, and wire credit to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on Portfolio Fund Shares issued and outstanding on the record date established by such Resolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of Capital Stock Beneficial Interest of any Portfolio Fund ("Portfolio Fund Shares") by the Board of Directors Trustees of Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said Board of Directors Trustees certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. Except if the ex-dividend date and the reinvestment date of any dividend are the same, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the Fund, insofar as the same shall be available for such purposes, and wire credit to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on Portfolio Fund Shares issued and outstanding on the record date established by such Resolution.

Payment of Dividends and other Distributions. On or before the declaration of any dividend or other distribution on the shares of any class of Capital Stock of any Portfolio Fund ("Portfolio Shares") by the Board of Directors of Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said Board of Directors certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. For purposes of the foregoing, it shall be sufficient for the Fund to furnish a copy of the Resolution of the Board of Directors specifying procedures by which the record date, payment date and amount of dividend or other distribution shall be determined, and authorizing officers of the Fund to act in accordance with such procedures. Except if the ex-dividend date and the reinvestment date of any dividend are the samecame, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for the payment of such dividend or 10 other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the Fund, insofar as the same shall be available for such purposes, and wire credit to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on Portfolio the Shares issued and outstanding on the record date established by such Resolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of Capital Stock beneficial interest of any Portfolio a Series of Fund ("Portfolio Fund Shares") by the Board of Directors Trustees of Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said Board of Directors Trustees certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. Except if the ex-dividend date and the reinvestment date of any dividend are the same, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the Funda Series, insofar as the same shall be available for such purposes, and wire credit to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on Portfolio Fund Shares for a Series issued and outstanding on the record date established by such Resolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of Capital Stock Beneficial Interest of any Portfolio Fund ("Portfolio Fund Shares") by the Board of Directors Trustees of Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said Board of Directors Trustees certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. Except if the ex-dividend date and the reinvestment date of any dividend are the same, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for f or the payment of such dividend or other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the Fund, insofar as the same shall be available for such purposes, and wire credit to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on Portfolio Fund Shares issued and outstanding on the record date established by such Resolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of any class of Capital Stock of any Portfolio Fund ("Portfolio Shares") by the Board of Directors of Fund, Fund shall deliver to Custodian instructions with respect thereto, including a copy of the Resolution of said Board of Directors certified by the Secretary or an Assistant Secretary of Fund wherein there shall be set forth the record date as of which shareholders entitled to receive such dividend or other distribution shall be determined, the date of payment of such dividend or distribution, and the amount payable per share on such dividend or distribution. Except if the ex-dividend date and the reinvestment date of any dividend are the same, in which case funds shall remain in the Custody Account, on the date specified in such Resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the account of the applicable Portfolio of the FundPortfolio, insofar as the same shall be available for such purposes, and wire credit to the account of the Dividend Disbursing Agent for Fund, such amount as may be necessary to pay the amount per share payable in cash on the applicable Portfolio Shares issued and outstanding on the record date established by such Resolution.