Common use of Duration, Termination and Amendment Clause in Contracts

Duration, Termination and Amendment. (a) This Agreement shall be effective on the date set forth above, and unless terminated as provided herein, shall continue for two years from its effective date, and thereafter from year to year, provided such continuance is approved annually by the Sponsor. This Agreement may be terminated at any time, without the payment of any penalty, as to each individual Fund by the Sponsor or by the Distributor, on at least sixty (60) days’ prior written notice.

Appears in 5 contracts

Samples: Distribution Services Agreement (Teucrium Commodity Trust), Distribution Services Agreement (Direxion Shares ETF Trust II), Distribution Services Agreement (Teucrium Commodity Trust)

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Duration, Termination and Amendment. (a) This Agreement shall be effective on the date set forth above, and unless terminated as provided herein, shall continue for two years from its effective date, and thereafter from year to year, provided such continuance is approved annually by the SponsorManaging Owner. This Agreement may be terminated at any time, without the payment of any penalty, as to each individual Fund by the Sponsor Managing Owner or by the Distributor, on at least sixty (60) days’ prior written notice. This Agreement shall automatically terminate without the payment of any penalty in the event of its assignment.

Appears in 4 contracts

Samples: Distribution Services Agreement (FactorShares 2X: S&P500 Bull/Usd Bear), Distribution Services Agreement (FactorShares 2X: Gold Bull/S&p500 Bear), Distribution Services Agreement (FactorShares 2X: S&P500 Bull/TBond Bear)

Duration, Termination and Amendment. (a) This Agreement shall be effective on the date set forth above, and unless terminated as provided herein, shall continue for two years from its effective dateuntil December 31, 2016, and thereafter from year to year, provided such continuance is approved annually by the Sponsor. This Agreement may be terminated at any timeunless earlier terminated, without the payment of any penalty, as to each individual Fund by the Sponsor or by the Distributor, on at least sixty (60) days’ prior written notice.

Appears in 2 contracts

Samples: Form of Distribution Services Agreement (WisdomTree Coal Fund), Form of Distribution Services Agreement (WisdomTree Continuous Commodity Index Master Fund)

Duration, Termination and Amendment. (a) This Agreement shall be effective on the date set forth aboveJanuary 1, 2013, and unless terminated as provided herein, shall continue for two years one year from its effective date, and thereafter hereafter from year to year, provided such continuance is approved annually by the SponsorManaging Owner. This Agreement may be terminated at any time, without the payment of any penalty, as to each individual Fund by the Sponsor Managing Owner or by the Distributor, on at least sixty (60) days' prior written notice. This Agreement shall automatically terminate without the payment of any penalty in the event of its assignment.

Appears in 2 contracts

Samples: Distribution Services Agreement (FactorShares 2X: Gold Bull/S&p500 Bear), Distribution Services Agreement (FactorShares 2X: S&P500 Bull/Usd Bear)

Duration, Termination and Amendment. (a) This Agreement shall be effective on the date set forth aboveOctober 29, 2014, and unless terminated as provided herein, shall continue for two years one year from its effective date, and thereafter hereafter from year to year, provided such continuance is approved annually by the SponsorManaging Owner. This Agreement may be terminated at any time, without the payment of any penalty, as to each individual Fund by the Sponsor Managing Owner or by the Distributor, on at least sixty (60) days' prior written notice. This Agreement shall automatically terminate without the payment of any penalty in the event of its assignment.

Appears in 1 contract

Samples: Distribution Services Agreement (ETF Managers Group Commodity Trust I)

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Duration, Termination and Amendment. (a) This Agreement shall be effective on the date set forth above, and unless terminated as provided herein, shall continue for two years from its effective date, and thereafter from year to year, provided such continuance is approved annually by the SponsorTrust. This Agreement may be terminated at any time, without the payment of any penalty, as to each individual Fund the Shares by the Sponsor or by the DistributorService Provider, on at least sixty (60) days’ days prior written noticenotice or the Trust. This Agreement shall automatically terminate without the payment of any penalty in the event of its assignment.

Appears in 1 contract

Samples: Administrative Services Agreement (SolidX Bitcoin Trust)

Duration, Termination and Amendment. (a) This Agreement shall be effective on the date set forth aboveOctober 29, 2014, and unless terminated as provided herein, shall continue for two years one year from its effective date, and thereafter hereafter from year to year, provided such continuance is approved annually by the SponsorManaging Owner. This Agreement may be terminated at any time, without the payment of any penalty, as to each individual Fund by the Sponsor Managing Owner or by the Distributor, on at least sixty (60) days’ prior written notice. This Agreement shall automatically terminate without the payment of any penalty in the event of its assignment.

Appears in 1 contract

Samples: Distribution Services Agreement (ETF Managers Group Commodity Trust I)

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