Duration and Termination of this Contract. (a) This Agreement shall become effective upon the date first above written, provided that this Agreement shall not take effect unless it has first been approved by a majority of the Directors, including a majority of the independent directors in accordance with the requirements of the 1940 Act and the rules and regulations thereunder.
Appears in 3 contracts
Samples: Investment Advisory Agreement (Popular Total Return Fund Inc), Investment Advisory Agreement (Popular High Grade Fixed-Income Fund, Inc.), Investment Advisory Agreement (Popular Income Plus Fund, Inc.)
Duration and Termination of this Contract. (a) This Agreement shall become effective upon the date first above written, provided that this Agreement shall not take effect unless it has first been approved by a majority of the Directors, including a majority of the independent directors in accordance with the requirements of the 1940 Act and the rules and regulations thereunder. As used in this paragraph, “independent directors” shall mean those members of the Board that are not “interested persons” (as defined in the 1940 Act and any applicable order or interpretation thereof issued by the SEC or its staff) of the Fund.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Popular U.S. Government Money Market Fund, LLC), Investment Advisory Agreement (Popular U.S. Government Money Market Fund, LLC)
