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

Duration and Termination of this Contract. This Contract shall become effective upon May 1, 1998 and shall thereafter continue in the effect; provided, that this Contract shall continue in effect for a period of more than one year with respect to a Fund only so long as the continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx) or by the Trust's Board of Trustees and (b) by the vote, cast in person at a meeting called for the purpose, of a majority of the Trust's Trustees who are not parties to this Contract or "interested persons" (as defined in the 0000 Xxx) of any such party. This Contract may be terminated with respect to a Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx) or by a vote of a majority of the Trust's Board of Trustees on 60 days' written notice to the Adviser or by the Adviser on 60 days' written notice to the Trust. If this Contract is terminated with respect to any Fund, it shall nonetheless remain in effect with respect to any remaining Funds. This Contract shall terminate automatically in the event of its assignment (as defined in the 1940 Act). 8.

Appears in 2 contracts

Samples: HSBC Mutual Funds Trust, HSBC Funds Trust

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Duration and Termination of this Contract. This Contract ----------------------------------------- shall become effective upon May 1, 1998 and shall thereafter continue in the effect; provided, that this Contract shall continue in effect for a period of -------- more than one year with respect to a Fund only so long as the continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx) or by the Trust's Board of Trustees and (b) by the vote, cast in person at a meeting called for the purpose, of a majority of the Trust's Trustees who are not parties to this Contract or "interested persons" (as defined in the 0000 Xxx) of any such party. This Contract may be terminated with respect to a Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx) or by a vote of a majority of the Trust's Board of Trustees on 60 days' written notice to the Adviser or by the Adviser on 60 days' written notice to the Trust. If this Contract is terminated with respect to any Fund, it shall nonetheless remain in effect with respect to any remaining Funds. This Contract shall terminate automatically in the event of its assignment (as defined in the 1940 Act). 8.

Appears in 1 contract

Samples: Advisory Contract (HSBC Funds Trust)

Duration and Termination of this Contract. This Contract shall ----------------------------------------- become effective upon May 1, 1998 and shall thereafter continue in the effect; provided, that this Contract shall continue in effect for a period of more than -------- one year with respect to a Fund only so long as the continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx) or by the Trust's Board of Trustees and (b) by the vote, cast in person at a meeting called for the purpose, of a majority of the Trust's Trustees who are not parties to this Contract or "interested persons" (as defined in the 0000 Xxx) of any such party. This Contract may be terminated with respect to a Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx) or by a vote of a majority of the Trust's Board of Trustees on 60 days' written notice to the Adviser or by the Adviser on 60 days' written notice to the Trust. If this Contract is terminated with respect to any Fund, it shall nonetheless remain in effect with respect to any remaining Funds. This Contract shall terminate automatically in the event of its assignment (as defined in the 1940 Act). 8.

Appears in 1 contract

Samples: Advisory Contract (HSBC Funds Trust)

Duration and Termination of this Contract. This Contract ----------------------------------------- shall become effective upon May 1, 1998 and shall thereafter continue in the effect; provided, that this Contract shall continue in effect for a period of more than one year with respect to a Fund only so long as the continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx1940 Act) or by the Trust's Board of Trustees and (b) by the vote, cast in person at a meeting called for the purpose, of a majority of the Trust's Trustees who are not parties to this Contract or "interested persons" (as defined in the 0000 Xxx1940 Act) of any such party. This Contract may be terminated with respect to a Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx1940 Act) or by a vote of a majority of the Trust's Board of Trustees on 60 days' written notice to the Adviser or by the Adviser on 60 days' written notice to the Trust. If this Contract is terminated with respect to any Fund, it shall nonetheless remain in effect with respect to any remaining Funds. This Contract shall terminate automatically in the event of its assignment (as defined in the 1940 Act). 8.

Appears in 1 contract

Samples: Exhibit 99 (HSBC Mutual Funds Trust)

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Duration and Termination of this Contract. This Contract shall ----------------------------------------- become effective upon May 1, 1998 and shall thereafter continue in the effect; provided, that this Contract shall continue in effect for a period of more than -------- one year with respect to a Fund only so long as the continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx1940 Act) or by the Trust's Board of Trustees and (b) by the vote, cast in person at a meeting called for the purpose, of a majority of the Trust's Trustees who are not parties to this Contract or "interested persons" (as defined in the 0000 Xxx1940 Act) of any such party. This Contract may be terminated with respect to a Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities of that Fund (as defined in the 0000 Xxx1940 Act) or by a vote of a majority of the Trust's Board of Trustees on 60 days' written notice to the Adviser or by the Adviser on 60 days' written notice to the Trust. If this Contract is terminated with respect to any Fund, it shall nonetheless remain in effect with respect to any remaining Funds. This Contract shall terminate automatically in the event of its assignment (as defined in the 1940 Act). 8.

Appears in 1 contract

Samples: HSBC Mutual Funds Trust

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