Common use of Manner of Payment or Distribution Clause in Contracts

Manner of Payment or Distribution. All distributions made by the Trustees through the transfer agent to the Ultimate Beneficiaries pursuant to this Agreement shall be payable to the Ultimate Beneficiaries as of the record date fixed for each such distribution as determined by the Trustees in their sole discretion. If any distribution shall be in cash, the Trustees shall cause to be distributed such cash by wire, check or such other method as the Trustees deem appropriate under the circumstances.

Manner of Payment or Distribution. All distributions made by the Trustees through the transfer agent to the Ultimate Beneficiaries pursuant to this Agreement shall be payable to the Ultimate Beneficiaries as of the record date fixed for each such distribution as determined by the Trustees in their sole discretion. If any distribution shall be in cash, the Trustees shall cause to be distributed such cash by wire, check or such other method as the Trustees deem appropriate under the circumstances.