Common use of Duration, Termination and Amendment Clause in Contracts

Duration, Termination and Amendment. a. This Agreement shall become effective on the date first set forth above and shall remain in effect for up to two years from such date and thereafter from year to year provided such continuance is specifically approved at least annually prior to each anniversary of such date by (a) Board approval or by vote at a meeting of shareholders of a Fund of a “majority of the outstanding voting securities”, as defined under the 1940 Act and (b) by approval of the Independent Trustees.

Appears in 4 contracts

Samples: Distribution Agreement (Gabelli Nextshares Trust), Distribution Agreement (Gabelli Nextshares Trust), Distribution Agreement (Gabelli ETFs Trust)

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Duration, Termination and Amendment. a. 10.1 This Agreement shall become effective on the date first set forth above and shall remain in effect for up to two years from such date and thereafter from year to year provided such continuance is specifically approved at least annually prior to each anniversary of such date by (a) Board approval or by vote at a meeting of shareholders of a Fund of a “majority of the outstanding voting securities”, ,” as defined under the 1940 Act and (b) by approval of the Independent TrusteesTrustees who are not “interested persons” (as defined in the 0000 Xxx) of the Trust.

Appears in 1 contract

Samples: Distribution Agreement (Alger ETF Trust)

Duration, Termination and Amendment. a. (a) This Agreement shall become effective on the later of (i) the date it is approved by the Partners of the Fund or (ii) the date first set forth written above and shall remain continue in effect for up to an initial period of two years from such date and thereafter from year to year provided year, but only so long as such continuance continuation is specifically approved at least annually prior to each anniversary of such date by (a) Board approval or by vote at a meeting of shareholders of a Fund of a “majority the Directors in accordance with the requirements of the outstanding voting securities”, as defined under the 1940 Act and (b) by approval of the Independent TrusteesAct.

Appears in 1 contract

Samples: Investment Advisory Agreement (RIC Coinvestment Fund LP)

Duration, Termination and Amendment. a. (a) This Agreement shall become effective on the date first set forth above it is approved by the Shareholders of the Trust and shall remain continue in effect for up to two years from such date a period of one year and thereafter from year to year provided year, but only so long as such continuance continuation is specifically approved at least annually prior to each anniversary of such date by (a) Board approval or by vote at a meeting of shareholders of a Fund of a “majority the Trustees in accordance with the requirements of the outstanding voting securities”, as defined under the 1940 Act and (b) by approval of the Independent TrusteesAct.

Appears in 1 contract

Samples: Investment Advisory Agreement (Fortress Registered Investment Trust)

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Duration, Termination and Amendment. a. (a) This Agreement shall become be come effective on the date first set forth above it is approved by the Shareholders of the Trust and shall remain continue in effect for up to an initial period of two years from such date and thereafter from year to year provided year, but only so long as such continuance continuation is specifically approved at least annually prior to each anniversary of such date by (a) Board approval or by vote at a meeting of shareholders of a Fund of a “majority the Trustees in accordance with the requirements of the outstanding voting securities”, as defined under the 1940 Act and (b) by approval of the Independent TrusteesAct.

Appears in 1 contract

Samples: Investment Advisory Agreement (Fortress Investment Trust Ii)

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