Common use of Amendment and Assignment of Agreement Clause in Contracts

Amendment and Assignment of Agreement. This Agreement shall automatically and immediately terminate in the event of its assignment. This Agreement may not be amended except pursuant to a written instrument executed on behalf of both parties. In the case of the Fund, approval of any such amendment shall be by resolution of a majority of the directors who are not parties to this Agreement or interested persons of any such party, and, if required by the 1940 Act, by the affirmative vote of a majority of the outstanding voting securities of the Fund.

Appears in 95 contracts

Samples: Investment Management Agreement (T. Rowe Price Retirement Funds, Inc.), Investment Management Agreement (T. Rowe Price International Funds, Inc.), Investment Management Agreement (T. Rowe Price Prime Reserve Fund, Inc.)

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Amendment and Assignment of Agreement. This Agreement shall automatically and immediately terminate in the event of its assignment. This No provision of this Agreement may not be amended except pursuant to a written changed, waived, discharged, or terminated orally, but only by an instrument executed on behalf of both parties. In in writing signed by the case party against which enforcement of the Fundchange, approval waiver, discharge, or termination is sought, and no material amendment of any such amendment this Agreement shall be effective except as permitted by resolution of a majority of the directors who are not parties to this Agreement or interested persons of any such party, andlaw including, if required by the 1940 Act, being approved by the affirmative vote of a majority of the Fund’s outstanding voting securities of the Fundsecurities.

Appears in 23 contracts

Samples: Investment Sub Advisory Agreement (T. Rowe Price International Funds, Inc.), Investment Sub Advisory Agreement (Penn Series Funds Inc), Investment Sub Advisory Agreement (T. Rowe Price Equity Funds, Inc.)

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