Common use of Payment of Dividends by the Agent Clause in Contracts

Payment of Dividends by the Agent. The Agent will, on the designated payment date, automatically reinvest all dividends required to be reinvested in additional shares at the net asset value of the applicable Fund (determined on such date), and mail to shareholders statements at such times as may be required by applicable law or agreed to by the Trust and the Agent showing the number of full and fractional shares (rounded to three decimal places) then currently owned by the shareholders and the net asset value of the shares so credited to the shareholders' accounts.

Payment of Dividends by the Agent. The Agent will, on the designated payment date, automatically reinvest all dividends required to be reinvested in additional shares at the net asset value of the applicable Fund (determined on such date), and mail to shareholders statements at such times as may be required by applicable law or agreed to by the Trust and the Agent showing the number of full and fractional shares (rounded to three decimal places) then currently owned by the shareholders and the net asset value of the shares so credited to the shareholders' accounts.. 13

Payment of Dividends by the Agent. The Agent will, on the designated payment date, automatically reinvest all dividends required to be reinvested in additional shares at the net asset value of the applicable Fund (determined on such date), and mail to shareholders statements at such times as may be required by applicable law or agreed to by the Trust and the Agent showing the number of full and fractional shares (rounded to three decimal places) then currently owned by the shareholders and the net asset value of the shares so credited to the shareholders' accounts.by

Payment of Dividends by the Agent. The Agent will, on the designated payment date, automatically reinvest all dividends required to be reinvested in additional shares at the net asset value of the applicable Fund (determined on such date), and mail to shareholders statements at such times as may be required by applicable law or agreed to by the Trust and the Agent showing the number of full and fractional shares (rounded to three decimal places) then currently owned by the shareholders and the net asset value of the shares so credited to the shareholders' accounts.