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 of the commencement of operations of the Fund as an open-end investment fund and shall remain in force until August 31, 1999, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Directors, or by the vote of a majority of the outstanding voting securities of the Fund, and (ii) a majority of those 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 Directors or by vote of a majority of the outstanding voting securities of the Fund, or by the Manager, 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 Growth Fund Inc)

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Duration and Termination of this Contract. This Agreement shall become effective as of the date of the commencement of operations of the Fund as an open-end investment fund first above written and shall remain in force until August 31, 19992001, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Directors, or by the vote of a majority of the outstanding voting securities of the Fund, and (ii) a majority of those 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 Directors or by vote of a majority of the outstanding voting securities of the Fund, or by the Manager, 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 Disciplined Growth Fund Inc)

Duration and Termination of this Contract. This Agreement shall become effective as of the date of the commencement of operations of the Fund as an open-end investment fund first above written and shall remain in force until August 31, 1999, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the DirectorsTrustees, or by the vote of a majority of the outstanding voting securities of the FundTrust, and (ii) a majority of those Directors 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 Directors Trustees or by vote of a majority of the outstanding voting securities of the FundTrust, or by the ManagerInvestment 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 (Master Internet Strategies Trust)

Duration and Termination of this Contract. This Agreement shall become effective as of the date of the commencement of operations of the Fund as an open-end investment fund and shall remain in force until August July 31, 1999, 1994 and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Directors, or by the vote of a majority of the outstanding voting securities of the Fund, and (ii) a majority of those Directors who are not parties to this Agreement or interested persons of 10 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 Directors or by vote of a majority of the outstanding voting securities of the Fund, or by the Manager, 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 Fundamental Growth Fund Inc)

Duration and Termination of this Contract. This Agreement shall become effective as of the date of the commencement of operations of the Fund as an open-end investment fund and shall remain in force until August 31, 1999, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Directors, or by the vote of a majority of the outstanding voting securities of the Fund, and (ii) a majority of those 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 Directors or by vote of a majority of the outstanding voting securities of the Fund, or by the Manager, 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 Fundamental Growth Fund Inc)

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Duration and Termination of this Contract. This Agreement shall become effective as of the date of the commencement of operations of the Fund as an open-end investment fund and shall remain in force until August July 31, 1999, 1994 and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Directors, or by the vote of a majority of the outstanding voting securities of the Fund, and (ii) a majority of those 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 Directors or by vote of a majority of the outstanding voting securities of the Fund, or by the Manager, 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 Fundamental Growth Fund Inc)

Duration and Termination of this Contract. This Agreement shall become effective as of the date of the commencement of operations of the Fund as an open-end investment fund first above written and shall remain in force until August 31, 1999, 1988 and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the DirectorsTrustees, or by the vote of a majority of the outstanding voting securities of the Fund, and (ii) a majority of those Directors 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 Directors Trustees or by vote of a majority of the outstanding voting securities of the Fund, or by the Manager, 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 Mun Interm Term Fd of Ml Mun Ser Tr)

Duration and Termination of this Contract. This Agreement shall become effective as of the date of the commencement of operations of the Fund as an open-end investment fund first above written and shall remain in force until August 31April 30, 19992000, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Directors, or by the vote of a majority of the outstanding voting securities of the Fund, and (ii) a majority of those 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 Directors or by vote of a majority of the outstanding voting securities of the Fund, or by the Manager, 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 Technology Leaders Fund Inc)

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