Common use of DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT Clause in Contracts

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date first above written and shall govern the relations between the parties hereto thereafter, and shall remain in force until March 31, 1989 on which date it will terminate unless its continuance after March 31, 1989 is "specifically approved at least annually" (i) by the vote of a majority of the Trustees of the Account who are not "interested persons" of the Account or of the Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the Account, or by "vote of a majority of the outstanding voting securities" of the Account. The aforesaid requirement that the continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the Investment Company Act of 1940 and the Rules and Regulations thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees or by "vote of a majority of the outstanding voting securities" of the Account, or by the Adviser, in each case on not more than sixty days' nor less than thirty days' written notice to the other party. This Agreement shall automatically terminate in the event of its "assignment".

Appears in 1 contract

Samples: Investment Advisory Agreement (MFS Government Limited Maturity Fund /Ma/)

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DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date first above written of its execution and shall govern the relations between the parties hereto thereafter, and shall remain in force until March 31September 15, 1989 2000 on which date it will terminate with respect to a fund, unless its continuance after March 31, 1989 that date is "specifically approved at least annually" annually (i) by the vote of a majority of the Board of Trustees of the Account Fund who are not "interested persons" persons of the Account Fund, or of the Adviser, or of the Sub-Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the Account, Fund or by "vote of a majority of the outstanding voting securities" securities of the Accountfund. The aforesaid requirement that the continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the Investment Company Act of 1940 and the Rules all rules, regulations and Regulations orders thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees or of the Fund, by "vote of a majority of the outstanding voting securities" securities of the AccountFund, by the Adviser or by the Sub-Adviser, in each case on not more than sixty days' (60) days nor less than thirty days' (30) days written notice to the other partyparties. This Agreement shall automatically terminate in the event of its "assignment". This Agreement may be amended with respect to a fund only if such amendment is approved by vote of a majority of the outstanding voting securities of that fund, by the Adviser and by the Sub-Adviser.

Appears in 1 contract

Samples: Agreement (Citizens Investment Trust)

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date first above written of its execution and shall govern the relations relationship between the parties hereto thereafter, and shall remain in force until March 31August 1, 1989 1986 on which date it will terminate unless its continuance after March 31August 1, 1989 1986 is "specifically approved at least annually" annually (i) by the vote of a majority of the Trustees of the Account Fund who are not "interested persons" persons of the Account Fund or of the Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the AccountFund, or by "vote of a majority of the outstanding voting securities" securities of the AccountFund. The aforesaid requirement that the continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the Investment Company Act of 1940 and the Rules and Regulations thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees or by "vote of a majority of the outstanding voting securities" securities of the AccountFund, or by the Adviser, in each case on not more than sixty days' nor less than thirty days' written notice to the other party. This Agreement shall automatically terminate in the event of its "assignment". This Agreement may be amended only if such amendment is approved by vote of a majority of the outstanding voting securities of the Fund.

Appears in 1 contract

Samples: Investment Advisory Agreement (Massachusetts Investors Growth Stock Fund)

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date first above written of its execution and shall govern the relations relationship between the parties hereto thereafter, and shall remain in force until March 31August 1, 1989 2000 on which date it will terminate unless its continuance after March 31August 1, 1989 2000 is "specifically approved at least annually" annually (i) by the vote of a majority of the Trustees of the Account Fund who are not "interested persons" persons of the Account Fund or of the Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the AccountFund, or by "vote of a majority of the outstanding voting securities" securities of the AccountFund. The aforesaid requirement that the continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the Investment Company Act of 1940 and the Rules and Regulations thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees or by "vote of a majority of the outstanding voting securities" securities of the AccountFund, or by the Adviser, in each case on not more than sixty days' nor less than thirty days' written notice to the other party. This Agreement shall automatically terminate in the event of its "assignment". This Agreement may be amended only if such amendment is approved by vote of a majority of the outstanding voting securities of the Fund.

Appears in 1 contract

Samples: Investment Advisory Agreement (Massachusetts Investors Growth Stock Fund)

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DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date first above written of its execution and shall govern the relations between the parties hereto thereafter, and shall remain in force until March 31November 17, 1989 1999 on which date it will terminate with respect to a fund, unless its continuance after March 31, 1989 that date is "specifically approved at least annually" annually (i) by the vote of a majority of the Board of Trustees of the Account Fund who are not "interested persons" persons of the Account Fund, or of the Adviser, or of the Sub-Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the Account, Fund or by "vote of a majority of the outstanding voting securities" securities of the Accountfund. The aforesaid requirement that the continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the Investment Company Act of 1940 and the Rules all rules, regulations and Regulations orders thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees or of the Fund, by "vote of a majority of the outstanding voting securities" securities of the AccountFund, by the Adviser or by the Sub-Adviser, in each case on not more than sixty days' (60) days nor less than thirty days' (30) days written notice to the other partyparties. This Agreement shall automatically terminate in the event of its "assignment". This Agreement may be amended with respect to a fund only if such amendment is approved by vote of a majority of the outstanding voting securities of that fund, by the Adviser and by the Sub-Adviser.

Appears in 1 contract

Samples: Agreement (Citizens Investment Trust)

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