Continuance of Agreement. This Agreement will continue in effect for a period of more than one year from the date of its effectiveness only so long as its continuance is specifically approved annually by a majority vote of both (a) the full Board of Trustees of the Fund and (b) those Trustees who are not interested persons of the Fund and who have no direct or indirect financial interest in the operation of the Plan or this Agreement (the "Independent Trustees"), cast in person at a meeting called for the purpose of voting on this Agreement.
Appears in 20 contracts
Samples: Shareholder Services Agreement (Aquila Municipal Trust), Shareholder Services Agreement (Aquila Funds Trust), Shareholder Services Agreement (Aquila Municipal Trust)
Continuance of Agreement. This Agreement will continue in effect for a period of more than one year from the date of its effectiveness only so long as its continuance is specifically approved annually by a majority vote of both (a) the full Board of Trustees of the Fund Trust and (b) those Trustees who are not interested persons of the Fund Trust and who have no direct or indirect financial interest in the operation of the Plan or this Agreement (the "Independent Trustees"), cast in person at a meeting called for the purpose of voting on this Agreement.
Appears in 3 contracts
Samples: Shareholder Services Agreement (Tax Free Trust of Arizona), Shareholder Services Agreement (Hawaiian Tax Free Trust), Shareholder Services Agreement (Cascades Trust)
