Common use of PAYMENT OF DIVIDENDS OR DISTRIBUTIONS Clause in Contracts

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund shall furnish to the Custodian the vote of the Board certified by the Secretary (i) authorizing the declaration of distributions 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 declaration of any distribution by the Funds, 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. (b) Upon the payment date specified in such vote, Oral Instructions or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund shall furnish to the Custodian the vote of the Board of Trustees of the Fund certified by the Secretary (i) authorizing the declaration of distributions 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 declaration of any distribution by the FundsFund, 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. (b) Upon the payment date specified in such vote, Oral Instructions or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund Trust shall furnish to the Custodian the vote of the Board certified by the Secretary (i) authorizing the declaration of distributions 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 declaration of any distribution by the Funds, 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. (b) Upon the payment date specified in such vote, Oral Instructions or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent of the FundTrust.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund Company shall furnish to the Custodian the vote of the Board of Directors or the Dividend Committee thereof, as the case may be, certified by the Secretary of the Company (i) authorizing the declaration of distributions with respect to a 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 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 declaration of any distribution by the Fundsa 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 the record date and the total amount payable to the Transfer Agent on the payment date. (b) Upon the payment date specified in such vote, Oral Instructions Instructions, or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent out of the Fundmonies specifically allocated to and held for the account of the appropriate Portfolio.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund shall furnish to the Custodian the vote of the Board of Directors of the Fund certified by the Secretary (i) authorizing the declaration of distributions on a specified periodic basis and authorizing the Custodian to rely on Oral or o r 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 declaration of any distribution by the FundsFund, 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. (b) Upon the payment date specified in such vote, Oral Instructions or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund Company shall furnish to the Custodian the vote of the Board of Directors certified by the Secretary or the Assistant Secretary of the Company (i) authorizing the declaration of distributions with respect to a 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 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 declaration of any distribution by the Fundsa Portfolio, the date of payment thereof, the record date as of which shareholders entitled to payment shall be determined, determined and 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. (b) Upon the payment date specified in such vote, Oral Instructions Instructions, or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent out of the Fundmonies specifically allocated to and held for the account of the appropriate Portfolio.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund Trust shall furnish to the Custodian the vote of the Board of Trustees or the Dividend Committee thereof, as the case may be, certified by the Secretary of the Trust (i) authorizing the declaration of distributions with respect to a 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 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 declaration of any distribution by the Fundsa 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 the record date and the total amount payable to the Transfer Agent on the payment date. (b) Upon the payment date specified in such vote, Oral Instructions Instructions, or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent out of the Fundmonies specifically allocated to and held for the account of the appropriate Portfolio.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund Company shall furnish to the Custodian the vote of the Board of Directors or the Dividend Committee thereof, as the case may be, certified by the Secretary of the Company (i) authorizing the declaration of distributions with respect to a 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 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 declaration of any distribution by the Fundsa 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 the record date and the total amount payable to the Transfer Agent on the payment Payment date. (b) Upon the payment date specified in such vote, Oral Instructions Instructions, or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent out of the Fundmonies specifically allocated to and held for the account of the appropriate Portfolio.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund shall furnish to the Custodian the vote of the Board of Trustees of the Trust certified by the Secretary (i) authorizing the declaration of distributions 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 declaration of any distribution by the FundsFund, 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. (b) Upon the payment date specified in such vote, Oral Instructions or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund shall furnish to the Custodian the vote of the Board of Directors of the Fund certified by the Secretary (i) authorizing the declaration of distributions 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 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 declaration of any distribution by the FundsFund, 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. (b) Upon the payment date specified in such vote, Oral Instructions Instructions, or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent of the Fund.

PAYMENT OF DIVIDENDS OR DISTRIBUTIONS. (a) The Fund Company shall furnish to the Custodian the vote of the Board of Trustees or the Dividend Committee thereof, as the case may be, certified by the Secretary 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 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 declaration of any distribution by the FundsPortfolio, 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. (b) Upon the payment date specified in such vote, Oral Instructions Instructions, or Written Instructions, as the case may be, the Custodian shall pay out the total amount payable to the Transfer Agent out of the Fundmonies specifically allocated to and held for the account of the Portfolio.