Common use of Duration and Termination of this Contract Clause in Contracts

Duration and Termination of this Contract. This Agreement shall become effective as of the date first written above and shall remain in force for a period of two years thereafter and thereafter continue from year to year, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, or by the vote of a majority of the outstanding voting securities of the Trust, and (ii) a majority of those Trustees who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. 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 Trust, or by the Adviser, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

Appears in 4 contracts

Samples: Management Agreement (Master Real Investment Trust), Management Agreement (Merrill Lynch Real Investment Fund), Investment Advisory Agreement (Merrill Lynch Inflation Protected Bond Fund)

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Duration and Termination of this Contract. This Agreement shall become effective as of the date first written above and shall remain in force for a period of two years thereafter and thereafter continue from year to year, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, or by the vote of a majority of the outstanding voting securities of the TrustFund, and (ii) a majority of those Trustees who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. 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 TrustFund, or by the AdviserManager, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

Appears in 3 contracts

Samples: Management Agreement (Merrill Lynch Principal Protected Trust), Management Agreement (Merrill Lynch Principal Protected Trust), Management Agreement (Merrill Lynch Principal Protected Trust)

Duration and Termination of this Contract. This Agreement shall become effective as of the date first above written above and shall remain in force for a period of two years thereafter until the first anniversary thereof, and thereafter continue from year to yearthereafter, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, Board of the Trust or by the vote of a majority of the outstanding voting securities of the Trust, Trust and (ii) a majority of those the Independent Trustees of the Trust who are not parties to this Agreement or interested persons of any such party party, by a vote cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time, without the payment of any penalty, by vote of a majority of the Independent Trustees or of the Trust, by vote of a majority of the outstanding voting securities of the Trust, or by the AdviserManagement Company, on sixty at least 60 days' prior written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

Appears in 2 contracts

Samples: Trust Management Agreement (Baron Capital Trust), Trust Management Agreement (Baron Capital Trust)

Duration and Termination of this Contract. This Agreement shall become effective as of the date first written above and shall remain in force for a period of two years thereafter and thereafter continue from year to year, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, or by the vote of a majority of the outstanding voting securities of the TrustFund, and (ii) a majority of those Trustees who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. 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 TrustFund, or by the Adviser, on sixty 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 (Multi Strategy Hedge Advantage)

Duration and Termination of this Contract. This Agreement shall become effective as of the date first written above and shall remain in force for a period of two years thereafter and thereafter continue from year to year, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, or by the vote of a majority of the outstanding voting securities of the TrustFund, and (ii) a majority of those Trustees who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. 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 TrustFund, or by the AdviserManager, on sixty days' ’ written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch Global Equity Opportunities Fund)

Duration and Termination of this Contract. This Agreement shall become effective as of the date first written above and shall remain in force for a period of two years thereafter and thereafter continue from year to year, but only so long as such continuance is specifically approved at least annually by (i) the TrusteesDirectors, or by the vote of a majority of the outstanding voting securities of the TrustFund, and (ii) a majority of those Trustees Directors who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees Directors or by vote of a majority of the outstanding voting securities of the TrustFund, or by the Adviser, on sixty 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 (Multi-Strategy Hedge Opportunities LLC)

Duration and Termination of this Contract. This Agreement shall become effective as of the date first above written above and shall remain in force for a period of two years thereafter until the second anniversary thereof, and thereafter continue from year to yearthereafter, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, Board of the Trust or by the vote of a majority of the outstanding voting securities of the Trust, Trust and (ii) a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party party, by a vote cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees Board of the Trust or by vote of a majority of the outstanding voting securities of the Trust, or by the AdviserManagement Company, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

Appears in 1 contract

Samples: Management Agreement (Ridgewood Electric Power Trust Iv)

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Duration and Termination of this Contract. This Agreement shall become effective as of the date first written above and shall remain in force for a period of two years thereafter and thereafter continue from year to year, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, or with respect to each Portfolio, by the vote of a majority of the outstanding voting securities of the Trustthat Portfolio, and (ii) a majority of those Trustees who are not parties to this Agreement or interested persons of any such party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees or with respect to each Portfolio by vote of a majority of the outstanding voting securities of the Trustthat Portfolio, or by the Adviser, on sixty days' ’ written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

Appears in 1 contract

Samples: Management Agreement (Managed Account Series)

Duration and Termination of this Contract. This Agreement shall become effective as of the date first written above and shall remain in force for a period of two years thereafter and thereafter continue from year to year, but only so long as such continuance is specifically approved at least annually by (i) the TrusteesDirectors, or by the vote of a majority of the outstanding voting securities of the TrustPortfolio, and (ii) a majority of those Trustees Directors who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees Directors or by vote of a majority of the outstanding voting securities of the TrustPortfolio, or by the Investment Adviser, on sixty 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 (Merrill Lynch Municipal Bond Fund Inc)

Duration and Termination of this Contract. This Agreement shall become effective as of the date first above written above and shall remain in force for a period of two years thereafter and thereafter continue from year to year, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, or by the vote of a majority of the outstanding voting securities of the TrustFund, and (ii) a majority of those Trustees who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. 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 TrustFund, or by the AdviserManager, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch N Y Muni Bd Fd of M L Multi St Muni Ser Trust)

Duration and Termination of this Contract. This Agreement shall become effective as of the date first above written above and shall remain in force for a period of two years thereafter until January 31, 1998 and thereafter continue from year to yearthereafter, but only so long as such continuance is specifically approved at least annually by (i) the Trustees, Trustees of the Trusts or by the vote of a majority of the outstanding voting securities of the TrustMoney Market Fund, and (ii) a majority of those Trustees trustees who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees of the Trust or by vote of a majority of the outstanding voting securities of the TrustMoney Market Fund, or by the AdviserManager, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

Appears in 1 contract

Samples: Management Agreement (Merrill Lynch Retirement Reserves Mo Fu of Mer Lyn Re Ser Tr)

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