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 beneficial interest of a Portfolio ("Fund Shares") by the Board, Fund shall deliver to Custodian Instructions with respect thereto, including a copy of the Resolution of said Board 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 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, insofar as the same shall be available for such purposes, and 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 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 beneficial interest of a Portfolio the Fund ("Fund Shares") by the BoardBoard of Directors of Fund, Fund shall deliver to Custodian Instructions 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 Accountaccount of Fund, insofar as the same shall be available for such purposes, and 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 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 beneficial interest capital stock of a Portfolio the Fund ("Fund Shares") by the BoardBoard of Directors of Fund, Fund shall deliver to Custodian Instructions instructions with respect thereto, including a copy of the Resolution 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 resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the Accountaccount of the Fund, insofar as the same shall be available for such purposes, and 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 Fund Shares issued and outstanding on the record date established by such Resolutionresolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of beneficial interest capital stock of a the Portfolio ("Fund Portfolio Shares") by the BoardBoard of Directors of Fund, Fund shall deliver to Custodian Instructions instructions with respect thereto, including a copy of the Resolution 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 Account, on the date specified in such Resolution resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the Accountaccount of Fund, insofar as the same shall be available for such purposes, and 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 Fund Portfolio Shares issued and outstanding on the record date established by such Resolutionresolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of beneficial interest of a Portfolio the Fund ("Fund Shares") by the BoardTrustees of Fund, Fund shall deliver to Custodian Instructions instructions with respect thereto, including a copy of the Resolution of said Board 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 Accountaccount of the applicable Portfolio, insofar as the same shall be available for such purposes, and 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 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 beneficial interest of a Portfolio the Fund ("Fund Shares") by the Boardgoverning Board of the Fund, Fund shall deliver to Custodian Instructions instructions with respect thereto, including a copy of the Resolution of said governing Board 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 Accountaccount of Fund, insofar as the same shall be available for such purposes, and 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 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 beneficial interest of a Portfolio ("the Series ( Fund Shares"Shares ) by the BoardTrustees of Fund, Fund shall deliver to Custodian Instructions instructions with respect thereto, including a copy of the Resolution resolution of said Board 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 applicable Account, on the date specified in such Resolution resolution for the payment of such dividend or other distribution, Custodian will pay out of the monies held for the Accountaccount of the Series, insofar as the same shall be available for such purposes, and 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 Fund Shares issued and outstanding on the record date established by such Resolutionresolution.

Payment of Dividends and other Distributions. On the declaration of any dividend or other distribution on the shares of beneficial interest of a Portfolio the Fund ("Fund Shares") by the BoardTrustees of the Fund, the Fund shall deliver to Custodian Instructions instructions with respect thereto, including a copy of the Resolution of said Board Trustees certified by the Secretary or an Assistant Secretary of the 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 Accountaccount of the applicable Portfolio, insofar as the same shall be available for such purposes, and credit to the account of the Dividend Disbursing Agent for the Fund, such amount as may be necessary to pay the amount per share payable in cash on Fund Shares issued and outstanding on the record date established by such Resolution.