Common use of Effective Date, Term and Approval Clause in Contracts

Effective Date, Term and Approval. This Agreement shall become effective on the Effective Date. This Agreement shall continue in force and effect for two years from the Execution Date, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by the vote of “a majority of the outstanding voting securities” of the Company (as defined in Section 2(a)(42) of the 1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or “interested persons” (as defined in the 1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 1 contract

Sources: Investment Advisory Agreement (Zea Capital Fund LLC)

Effective Date, Term and Approval. This Agreement shall become effective on binding against the Company as of the Effective Date. This Agreement shall continue in force and effect for two years from the Execution Effective Date, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by the vote of "a majority of the outstanding voting securities" of the Company (as defined in Section 2(a)(42) of the 1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or "interested persons" (as defined in the 1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 1 contract

Sources: Investment Advisory Agreement (MacKenzie Realty Capital, Inc.)

Effective Date, Term and Approval. This Agreement shall become effective on the Effective Date. This Agreement shall continue in force and effect for two years from the Execution Date, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by the vote of “a majority of the outstanding voting securities” of the Company (as defined in Section 2(a)(42) of the 1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or “interested persons” (as defined in the 1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 1 contract

Sources: Investment Advisory Agreement (Zea Capital Fund LLC)

Effective Date, Term and Approval. This Agreement shall become effective on binding against the Company as of the Effective Date. This Agreement shall continue in force and effect for two years from the Execution Effective Date, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: a. (i) by the Board or (ii) by the vote of “a majority of the outstanding voting securities” of the Company (as defined in Section 2(a)(42) of the 1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or “interested persons” (as defined in the 1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 1 contract

Sources: Investment Advisory Agreement (MacKenzie Realty Capital, Inc.)

Effective Date, Term and Approval. This Agreement shall become effective on with respect to the Effective DateCompany, as of the date of execution above. This Agreement shall continue in force and effect for two years from the Execution Datethrough December 31, 2010, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by the vote of “a majority of the outstanding voting securities” of the Company (as defined in Section 2(a)(42) of the 1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or “interested persons” (as defined in the 1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 1 contract

Sources: Investment Advisory Agreement (Tortoise Power & Energy Infrastructure Fund Inc)