Common use of PAYMENT OF DIVIDENDS OR DISTRIBUTIONS Clause in Contracts

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the Fund shall furnish to the Custodian a copy of the resolution of the Fund's Board, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the The Fund shall furnish to the Custodian a copy of the resolution of the Fund's BoardTrustees, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series Fund the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the The Fund shall furnish to the Custodian a copy of the resolution of the Fund's BoardDirectors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series Fund the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the The Fund shall furnish to the Custodian with a copy of the resolution of the Fund's BoardDirectors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis or some other periodic basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series Fund the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the A Fund shall furnish to the Custodian with a copy of the resolution of the Fund's BoardTrustees, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the a Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis or some other periodic basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series a Fund the total amount payable to the Dividend Agent of the a Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the Fund shall furnish to the Custodian a copy of the resolution of the Fund's ’s Board, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the A Fund shall furnish to the Custodian with a copy of the resolution of the Fund's BoardDirectors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the a Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis or some other periodic basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series a Fund the total amount payable to the Dividend Agent of the a Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the 6.1 The Fund shall furnish to the Custodian a copy of Bank the resolution of the Fund's Board, Board of Directors of the Fund certified by the Secretary or any Assistant Secretary, either Secretary (i) setting forth authorizing the declaration of dividends or distribution with respect to a Portfolio on a specified periodic basis and authorizing the Bank to rely on Written Instructions specifying the date of the declaration of a each dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to be transferred to an appropriate deposit account that the Dividend Agent of the Fund transfer agent may write checks against on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such any dividend or distributiondistribution by a Portfolio, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that the record date and the total amount payable to the Dividend Agent appropriate deposit account on the payment date. 2. 6.2 Upon the payment date specified in such resolution, Oral Instructions, resolution or Written Instructions or Certificate, as the case may be, the Custodian Bank shall pay out of the moneys specifically allocated to and held for the account of the Series appropriate Portfolio the total amount payable to the Dividend Agent of the Fundappropriate deposit account.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 132. For each Series, the Each Fund shall furnish to the Custodian a copy of the resolution of the Fund's BoardBoard of Directors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis or some other periodic basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 233. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series Fund the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the Each Fund shall furnish to the Custodian with a copy of the resolution of the Fund's BoardDirectors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis or some other periodic basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series each Fund the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the The Fund shall furnish to the Custodian a copy of the resolution of the Fund's Board, certified by the Secretary or any Assistant Secretary, Certificate either (i) setting forth with respect to the Series specified therein the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share Share of such Series to the shareholders of record as of that date and the total amount payable to the Dividend Agent and any sub-dividend agent or codividend agent of the Fund on the payment date, or (ii) authorizing with respect to the Series specified therein the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share Share of such Series to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Certificate or Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the each Series the total amount payable to the Dividend Agent and any sub-dividend agent or co-dividend agent of the FundFund with respect to such Series.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 132. For each Series, the Each Fund shall furnish to the Custodian with a copy of the resolution of the Fund's BoardDirectors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis or some other periodic basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 233. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series each Fund the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the Fund 7.1 The Trust shall furnish to the Custodian a copy of the resolution of the Fund's Board, Board of Trustees of the Trust certified by the Secretary or any Assistant Secretary, either Secretary (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions or distribution with respect to a Series on a daily specified periodic basis and authorizing the Custodian to rely on Oral Instructions, or Written Instructions or a Certificate setting forth specifying the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that the record date and the total amount payable per share to the shareholders of record as of the record date and the total amount payable to the Dividend Transfer Agent on the payment date, or (ii) setting forth the date of declaration of any dividend or distribution by a Series, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date. 2. 7.2 Upon the payment date specified in such resolution, Oral Instructions, or Written Instructions or CertificateInstructions, as the case may be, the Custodian shall pay out of payout the moneys specifically allocated to and held for the account of the appropriate Series the total amount payable to the Dividend Transfer Agent of the FundTrust.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the The Fund shall furnish to the Custodian a copy of the resolution of the Fund's BoardBoard of Trustees, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distributiondistri- bution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on a Certifi- cate, Oral Instructions, Instructions or Written Instructions or a Certificate setting settin- forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determineddeter- mined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolutionresolu- tion, Certificate, Oral Instructions, or Written Instructions or CertificateInstruc- tions, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series Fund hereunder the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the Fund CPF shall furnish to the Custodian Custodian, on behalf of the Fund, a copy of the resolution of the Fund's BoardDirectors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series Fund the total amount payable to the Dividend Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the (a) The Fund shall furnish to the Custodian a copy of the resolution of the Fund's BoardBoard of Directors, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Transfer Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily specified periodic basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Transfer Agent on the payment date. 2. (b) Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series Fund the total amount payable to the Dividend Agent of the FundTransfer Agent.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the Fund (a) The Company shall furnish to the Custodian a copy the vote of the resolution Board of Directors or the Fund's BoardDividend Committee thereof, as the case may be, certified by the Secretary or any Assistant Secretary, either of the Company (i) authorizing the declaration of distributions with respect to the Portfolio on a specified periodic basis and authorizing the Custodian to rely on Oral or Written Instructions specifying the date of the declaration of such distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per Share to the shareholders of record as of the record date and the total amount payable to the Transfer Agent on the payment date, or (ii) setting forth the date of the declaration of a dividend or distributionany distribution by the Portfolio, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that the record date and the total amount payable to the Dividend Agent of the Fund on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Transfer Agent on the payment date. 2. (b) Upon the payment date specified in such resolutionvote, Oral Instructions, or Written Instructions or CertificateInstructions, as the case may be, the Custodian shall pay the total amount payable to the Transfer Agent out of the moneys monies specifically allocated to and held for the account of the Series the total amount payable to the Dividend Agent of the FundPortfolio.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. 1. For each Series, the Fund shall furnish to the Custodian a copy of the resolution of the Fund's Board, certified by the Secretary or any Assistant Secretary, either (i) setting forth the date of the declaration of a dividend or distributiondistributi on, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent of the Fund Fu nd on the payment date, or (ii) authorizing the declaration of dividends and distributions on a daily basis and authorizing the Custodian to rely on Oral Instructions, Written Instructions or a Certificate setting forth the date of the declaration of such dividend or distribution, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, the amount payable per share to the shareholders of record as of that date and the total amount payable to the Dividend Agent on the payment date. 2. Upon the payment date specified in such resolution, Oral Instructions, Written Instructions or Certificate, as the case may be, the Custodian shall pay out of the moneys held for the account of the Series the total amount payable to the Dividend D ividend Agent of the Fund.