Common use of Current Funds Clause in Contracts

Current Funds. With respect to each of the Funds listed on Schedule A as of May 15, 2001 ("Current Funds"), this Agreement shall be effective as of the date that the relevant Original Agreement became effective with respect to that Current Fund ("Original Agreement Date"), provided that with respect to any Current Fund the Original Agreement was approved in accordance with the terms of the Original Agreement. For each Current Fund, this Agreement shall continue in effect, unless sooner terminated, as provided herein, for two years from the Original Agreement Date for that Current Fund and shall continue from year to year thereafter, provided each continuance is specifically approved at least annually by (i) the vote of a majority of the members of the relevant Board or (ii) a vote of a "majority" (as defined in the ▇▇▇▇ ▇▇▇) of the Current Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the members of the relevant Board who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 3 contracts

Sources: Investment Advisory Agreement (Munder Funds Trust), Investment Advisory Agreement (St Clair Funds Inc), Investment Advisory Agreement (St Clair Funds Inc)

Current Funds. With respect to each of the Funds listed on Schedule A as of May 15, 2001 ("Current Funds"), ) this Agreement shall be effective as of the date that the relevant Original Agreement became effective with respect to that Current Fund ("Original Agreement Date"), provided that with respect to any Current Fund the Original Agreement was approved in accordance with the terms of the Original Agreement. For each Current Fund, this Agreement shall continue in effect, unless sooner terminated, as provided herein, for two years from the Original Agreement Date for that Current Fund and shall continue from year to year thereafter, provided each continuance is specifically approved at least annually by (i) the vote of a majority of the members of the relevant Board or (ii) a vote of a "majority" (as defined in the ▇▇▇▇ ▇▇▇) of the Current Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the members of the relevant Board who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Sources: Investment Sub Advisory Agreement (Munder Framlington Funds Trust), Investment Sub Advisory Agreement (Munder Framlington Funds Trust)

Current Funds. With This Agreement shall be effective with respect to each of the Funds listed on Schedule A as of May 15the dates set forth thereon, 2001 which dates are intended to reflect the date upon which each such Fund commenced operations pursuant to an effective registration statement under the Securities Act of 1933, as amended, and the 1940 Act ("Current Funds"), this Agreement shall be effective as of the date that the relevant Original Agreement became effective with respect to that Current Fund ("Original Agreement Date"), provided that with respect to any Current Fund the Original Agreement was approved in accordance with the terms of the Original Agreement. For each Current Fund, this Agreement shall continue in effect, unless sooner terminated, as provided herein, for two years from the Original Agreement Date for that Current Fund initial effective date and shall continue from year to year thereafter, provided each continuance is specifically approved at least annually by (i) the vote of a majority of the members of the relevant Board or (ii) a vote of a "majority" (as defined in the ▇▇▇▇ ▇▇▇) of the Current Fund's ’s outstanding voting securities, provided that in either event the continuance is also approved by a majority of the members of the relevant Board who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Sources: Investment Advisory Agreement (Smead Funds Trust)