Common use of Provisions Relating to Dividend Disbursing Agency Clause in Contracts

Provisions Relating to Dividend Disbursing Agency. A. IFTC will, at the expense of Fund, provide a special form of check containing the imprint of any device or other matter desired by Fund. Said checks must, however, be of a form and size convenient for use by IFTC. B. If Fund desires to include additional printed matter, financial statements, etc., with the dividend checks, the same will be furnished to IFTC within a reasonable time prior to the date of mailing of the dividend checks, at the expense of Fund. C. If Fund desires its distributions mailed in any special form of envelopes, sufficient supply of the same will be furnished to IFTC but the size and form of said envelopes will be subject to the approval of IFTC. If stamped envelopes are used, they must be furnished by Fund; or if postage stamps are to be affixed to the envelopes, the stamps or the cash necessary for such stamps must be furnished by Fund. D. IFTC will maintain one or more deposit accounts as Agent for Fund at banks or trust companies approved by the Fund (which approval shall not be unreasonably withheld), into which the funds for payment of dividends, distributions, redemptions or other disbursements provided for hereunder will be deposited, and against which checks will be drawn. E. IFTC is authorized and directed to stop payment of checks theretofore issued hereunder, but not presented for payment, when the payees thereof allege either that they have not received the checks or that such checks have been mislaid, lost, stolen, destroyed or through no fault of theirs, are otherwise beyond their control, and cannot be produced by them for presentation and collection, and, to issue and deliver duplicate checks in replacement thereof. 19.

Provisions Relating to Dividend Disbursing Agency. A. IFTC DST will, at the expense of the Fund, provide a special form of check containing the imprint of any device or other matter desired by the Fund. Said checks must, however, be of a form and size convenient for use by IFTCDST. B. If the Fund desires to include additional printed matter, financial statements, etc., with the dividend checks, the same will be furnished to IFTC DST within a reasonable time prior to the date of mailing of the dividend checks, at the expense of the Fund. C. If the Fund desires its distributions mailed in any special form of envelopes, sufficient supply of the same will be furnished to IFTC DST but the size and form of said envelopes will be subject to the approval of IFTCDST. If stamped envelopes are used, they must be furnished by the Fund; or if postage stamps are to be affixed to the envelopes, the stamps or the cash necessary for such stamps must be furnished by the Fund. D. IFTC will DST shall establish and maintain on behalf of the Fund one or more deposit accounts as Agent for Fund at banks or trust companies approved by the Fund (which approval shall not be unreasonably withheld)Fund, into which DST shall deposit the funds DST receives for payment of dividends, distributions, redemptions or other disbursements provided for hereunder will be deposited, and to draw checks against which checks will be drawnsuch accounts. E. IFTC DST is authorized and directed to stop payment of checks theretofore issued hereunder, but not presented for payment, when the payees thereof allege either that they have not received the checks or that such checks have been mislaid, lost, stolen, destroyed or through no fault of theirs, are otherwise beyond their control, and cannot be produced by them for presentation and collection, and, to issue and deliver duplicate checks in replacement thereof. 1921. Assumption of Duties By the Fund or Agents Designated By the Fund. A. The Fund or its designated agents other than DST may assume certain duties and responsibilities of DST or those services of Transfer Agent and Dividend Disbursing Agent as those terms are referred to in Section 4.D. of this Agreement including but not limited to answering and responding to telephone inquiries from shareholders and brokers, accepting shareholder and broker instructions (either or both oral and written) and transmitting orders based on such instructions to DST, preparing and mailing confirmations, obtaining certified TIN numbers, classifying the status of shareholders and shareholder accounts under applicable tax law, establishing shareholder accounts on the TA2000 System and assigning social codes and Taxpayer Identification Number codes thereof, and disbursing monies of the Fund, said assumption to be embodied in writing to be signed by both parties. B. To the extent the Fund or its agent or affiliate assumes such duties and responsibilities, DST shall be relieved from all responsibility and liability therefor and is hereby indemnified and held harmless against any liability therefrom and in the same manner and degree as provided for in Section 8 hereof. C. Initially the Fund or its designees shall be responsible for the following: [LIST RESPONSIBILITIES OR DELETE AS APPROPRIATE.] (i) answer and respond to phone calls from shareholders and broker-dealers, and (ii) scan items into DST's AWDTM System as such calls or items are received by the Fund, and (iii) enter and confirm wire order trades. 22.

Provisions Relating to Dividend Disbursing Agency. A. IFTC will, at the expense of the Fund, provide a special form of check containing the imprint of any device or other matter desired by the Fund. Said checks must, however, be of a form and size convenient for use by IFTC. B. If the Fund desires to include additional printed matter, financial statements, etc., with the dividend checks, the same will be furnished to IFTC within a reasonable time prior to the date of mailing of the dividend checks, at the expense of the Fund. C. If the Fund desires its distributions mailed in any special form of envelopes, sufficient supply of the same will be furnished to IFTC but the size and form of said envelopes will be subject to the approval of IFTC. If stamped envelopes are used, they must be furnished by the Fund; or if postage stamps are to be affixed to the envelopes, the stamps or the cash necessary for such stamps must be furnished by Fundthe Fund (prior to mailing if so requested by IFTC). D. IFTC will maintain one or more deposit accounts as Agent for Fund at banks or trust companies approved by the Fund (which approval shall not be unreasonably withheld)Fund, into which the funds for payment of dividends, distributions, redemptions or other disbursements provided for hereunder will be deposited, and against which checks will be drawn. E. IFTC is authorized and directed to stop payment of checks theretofore issued hereunder, but not presented for payment, when the payees thereof allege either that they have not received the checks or that such checks have been mislaid, lost, stolen, destroyed or through no fault of theirs, are otherwise beyond their control, and cannot be produced by them for presentation and collection, and, to issue and deliver duplicate checks in replacement thereof. 19IFTC shall bear no liability if payment upon stopped checks is subsequently compelled by a Holder in Due Course (or a Bona Fide Purchaser for Value). 21.

Provisions Relating to Dividend Disbursing Agency. A. IFTC DST will, at the expense of Fund, provide a special form of check containing the imprint of any device or other matter desired by Fund. Said checks must, however, be of a form and size convenient for use by IFTCDST. B. If Fund desires to include additional printed matter, financial statements, etc., with the dividend checks, the same will be furnished to IFTC DST within a reasonable time prior to the date of mailing of the dividend checks, at the expense of Fund. C. If Fund desires its distributions mailed in any special form of envelopes, sufficient supply of the same will be furnished to IFTC DST but the size and form of said envelopes will be subject to the approval of IFTCDST. If stamped envelopes are used, they must be furnished by Fund; or if postage stamps are to be affixed to the envelopes, the stamps or the cash necessary for such stamps must be furnished by Fund. D. IFTC will DST shall establish and maintain on behalf of the Fund one or more deposit accounts as Agent for Fund at banks or trust companies approved by the Fund (which approval shall not be unreasonably withheld)Fund, into which DST shall deposit the funds DST receives for payment of dividends, distributions, redemptions or other disbursements provided for hereunder will be deposited, and to draw checks against which checks will be drawnsuch accounts. E. IFTC DST is authorized and directed to stop payment of checks theretofore issued hereunder, but not presented for payment, when the payees thereof allege either that they have not received the checks or that such checks have been mislaid, lost, stolen, destroyed or through no fault of theirs, are otherwise beyond their control, and cannot be produced by them for presentation and collection, and, to issue and deliver duplicate checks in replacement thereof. 19.