Common use of Processing dividend payments Clause in Contracts

Processing dividend payments. Upon payment by the Funds of any dividend to Shareholders, Recordkeeping Agent will process and pay to its customers their respective share of such dividends.

Appears in 2 contracts

Sources: Recordkeeping Agreement (MTB Funds), Recordkeeping Agreement (MTB Funds)

Processing dividend payments. Upon payment by the Funds of any dividend to Shareholders, Recordkeeping Agent will shall process and pay to its customers their respective share of such dividends.

Appears in 1 contract

Sources: Recordkeeping Agreement (Aul American Unit Trust)