Common use of Continuation and Termination Clause in Contracts

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, this Agreement shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Appears in 3 contracts

Samples: Administration Agreement (Voya EQUITY TRUST), Administration Agreement (Ing Equity Trust), Administration Agreement (Ing Equity Trust)

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Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Appears in 3 contracts

Samples: Administration Agreement (Voya FUNDS TRUST), Administration Agreement (Voya VARIABLE INSURANCE TRUST), Administration Agreement (Ing Variable Insurance Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, this Agreement shall continue from year to year thereafter with respect to that a Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Appears in 2 contracts

Samples: Administration Agreement (Ing Mutual Funds), Administration Agreement (Ing Mutual Funds)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s 's Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx1940 Act) of the Administrator, and the shareholders of each SeriesAdminisxxxxxx, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx1940 Act) of the Trust or the xx xxx Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 2 contracts

Samples: Administration Agreement (Lexington Global Income Fund), Administration Agreement (Lexington Money Market Trust)

Continuation and Termination. This Agreement shall become effective on the date first written abovebelow, subject and shall become effective with respect to each Fund as of the condition effective date set forth in Exhibit A for that Fund, if approved by the Trust’s Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement1940 Act). Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the TrustTrustees, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) 60 days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 2 contracts

Samples: Administration Agreement (Lincoln National Aggressive Growth Fund Inc), Administration Agreement (Lincoln Variable Insurance Products Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s 's Board of Trustees, including a majority of those Trustees who are not "interested persons persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 2 contracts

Samples: Administration Agreement (Ing Get Fund), Administration Agreement (Ing Get Fund)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, following the expiration of its initial term with respect to a Series, this Agreement shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Appears in 1 contract

Samples: Administration Agreement (Ing Investors Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees's Board, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, Administrator shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall continue in full force and effect with respect to each Series until SEPTEMBER 1, 2005, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust's Board, including a majority of the Trust's Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Trust's Board of Trustees of the Trust on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Administrative Services Agreement (Ing Equity Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Fund's Board of Trustees, including a majority of those Trustees who are not interested persons person (as such term is defined in the 0000 Xxx1940 Act) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the TrustFund, including a majority of the Board of Trustees of the Trust Fund who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx1940 Act) of the Trust Fund or the Administrator. This Agreement may Agreemxxx xxx be terminated by the Trust Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the TrustFund.

Appears in 1 contract

Samples: Form of Administration Agreement (Ing Series Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s 's Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx1940 Act) of the Administrator, and the xxx xhe shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx1940 Act) of the Trust or the Administratorxxx Xxxxnistrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust or by a vote of a majority of the outstanding voting shares of the Trust, or with respect to a Series, by vote of a majority of the outstanding voting shares of such Series, on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Adminstration Agreement (Nicholas Applegate Mutual Funds)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of TrusteesBoard, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, Administrator shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall continue in full force and effect with respect to each Series until September 1, 2004, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust’s Board, including a majority of the Trust’s Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Trust’s Board of Trustees of the Trust on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Appears in 1 contract

Samples: Administrative Services Agreement (Ing Equity Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall continue in full force and effect with respect to each Series until SEPTEMBER 1, 2005, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Administration Agreement (Ing Investors Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s 's Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx1940 Act) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless Xxxxxx terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx1940 Act) of the Trust or the Administrator. This Agreement may be terminated xxxxxxxted by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust or by a vote of a majority of the outstanding voting shares of the Trust, or with respect to a Series, by vote of a majority of the outstanding voting shares of such Series, on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Administration Agreement (Ing Mutual Funds)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the TrustPortfolio’s Board of Trustees, including a majority of those Trustees who are not interested persons persons” (as such term is defined in the 0000 Xxx) of the Portfolio or the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the TrustPortfolio, including a majority of the Board of Trustees of the Trust Portfolio who are not parties to this Agreement or “interested persons” (as such term is defined in the 0000 Xxx) of the Trust Portfolio or the Administrator. This Agreement may be terminated by the Trust Portfolio at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust Portfolio on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the TrustPortfolio.

Appears in 1 contract

Samples: Administration Agreement (Ing Intermediate Bond Portfolio)

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Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s 's Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Administration Agreement (Ing Vp Natural Resources Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s 's Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust or by a vote of a majority of the outstanding voting shares of the Trust, or with respect to a Series, by vote of a majority of the outstanding voting shares of such Series, on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Administration Agreement (Ing Smallcap Opportunities Fund)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Fund's Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 1940 Xxx) of xx the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the TrustFund, including a majority of the Board of Trustees of the Trust Fund who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 1940 Xxx) of xx the Trust Fund or the Administrator. This Agreement may be terminated by the Trust Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the TrustFund.

Appears in 1 contract

Samples: Administration Agreement (Ing Funds Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees's Board, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, Administrator shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall continue in full force and effect with respect to each Series until September 1, 2004, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust's Board, including a majority of the Trust's Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Trust's Board of Trustees of the Trust on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Administrative Services Agreement (Ing Equity Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees's Board, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, Administrator shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall continue in full force and effect with respect to each Series until SEPTEMBER 1, 2004, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust's Board, including a majority of the Trust's Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Trust's Board of Trustees of the Trust on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Administrative Services Agreement (Ing Equity Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s 's Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx1940 Act) of the Administrator, and the shareholders of each SeriesSeriex, shall xxxxx have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx1940 Act) of the Trust or the Administrator. This Agreement may be terminated bx xxxxxxated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust or by a vote of a majority of the outstanding voting shares of the Trust, or with respect to a Series, by vote of a majority of the outstanding voting shares of such Series, on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Administration Agreement (Pilgrim Mutual Funds)

Continuation and Termination. This Agreement shall become ---------------------------- effective on the date first written above, subject to the condition that the Trust’s 's Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect for two (2) years from the effective date of this Agreement Agreement, and shall continue from year to year thereafter with respect to that Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or "interested persons" (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Trust.

Appears in 1 contract

Samples: Form of Administration Agreement (Lexington Natural Resources Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Trust’s Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 0000 Xxx) of the Administrator, and the shareholders of each Series, shall have approved this Agreement. Unless terminated as provided herein, this the Agreement shall c continue from year to year thereafter with respect to that each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust, including a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as such term is defined in the 0000 Xxx) of the Trust or the Administrator. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Appears in 1 contract

Samples: Administration Agreement (Ing Funds Trust)

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