Common use of EFFECTIVENESS AND DURATION Clause in Contracts

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 67 contracts

Samples: Underwriting Agreement (Northern Lights Fund Trust), Underwriting Agreement (Advisorone Funds), Underwriting Agreement (Northern Lights Fund Trust Ii)

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EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 34 contracts

Samples: Distribution Agreement (Princeton Private Investments Access Fund), Underwriting Agreement (Arrow Investments Trust), Underwriting Agreement (Northern Lights Fund Trust Iii)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 7 contracts

Samples: Underwriting Agreement (Leader Funds Trust), Underwriting Agreement (Leader Funds Trust), Underwriting Agreement (Forethought Variable Insurance Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twoone-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 6 contracts

Samples: Underwriting Agreement (Copeland Trust), Underwriting Agreement (Nile Capital Investment Trust), Underwriting Agreement (Copeland Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 6 contracts

Samples: Distribution Agreement (Orbitex Group of Funds), Distribution Agreement Alpha Analytics Investment Trust (Alpha Analytics Investment Trust), Distribution Agreement (Imillennium Capital Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 5 contracts

Samples: Underwriting Agreement (Multi-Strategy Growth & Income Fund), Underwriting Agreement (Equinox Funds Trust), Underwriting Agreement (Equinox Funds Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" ʺinterested personsʺ of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 4 contracts

Samples: Underwriting Agreement (Two Roads Shared Trust), Underwriting Agreement (North Country Funds), Underwriting Agreement (Predex)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustTRUST’s s Board or (ii) by a vote of a majority of the Shares of the TrustTRUST, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 3 contracts

Samples: Underwriting Agreement (Dunham Funds), Underwriting Agreement (Advisorone Funds), Underwriting Agreement (Advisorone Funds)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s FUND 's Board or (ii) by a vote of a majority of the Shares of the TrustFUND, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 3 contracts

Samples: Underwriting Agreement (Advisors Preferred Trust), Underwriting Agreement (Advisors Preferred Trust), Underwriting Agreement (Advisors Preferred Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-a period of one year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 3 contracts

Samples: Underwriting Agreement (Saratoga Advantage Trust), Underwriting Agreement (Saratoga Advantage Trust), Underwriting Agreement (Saratoga Advantage Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustCorporation’s s Board or (ii) by a vote of a majority of the Shares of the TrustCorporation, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 3 contracts

Samples: Underwriting Agreement (Tributary Funds, Inc.), Underwriting Agreement (Tributary Funds, Inc.), Underwriting Agreement (First Focus Funds Inc)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof Effective Date and have an initial term of two (2) years (the “Initial Term”). This Agreement will continue for an initial two-year term and will continue thereafter after the Initial Term so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Northern Lights Fund Trust IV), Underwriting Agreement (Northern Lights Fund Trust IV)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof Effective Date and have an initial term of two (2) years (the “Initial Term”). This Agreement will continue for an initial two-year term and will continue thereafter after the Initial Term so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Boyar Value Fund Inc), Underwriting Agreement (Centerstone Investors Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year two‐year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" ʺinterested personsʺ of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Predex), Underwriting Agreement (Two Roads Shared Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year two‐year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" ʺinterested personsʺ of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Resource Real Estate Diversified Income Fund), Underwriting Agreement (Multi-Strategy Growth & Income Fund)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term until June 30, 2019, and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Copeland Trust), Underwriting Agreement (Copeland Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually annually: (i) by the Trust’s s Board Board, or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Advisorone Funds), Underwriting Agreement (Advisorone Funds)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustCompany’s s Board or (ii) by a vote of a majority of the Shares of the TrustCompany, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Underwriting Agreement (Dominion Funds Inc), Underwriting Agreement (Dominion Funds Inc)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares outstanding voting securities of the TrustFunds, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Underwriting Agreement (New River Funds), Underwriting Agreement (New River Funds)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustFund’s s Board or (ii) by a vote of a majority of the Shares of the TrustFund, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Distribution Agreement (Princeton Private Investment Fund), Underwriting Agreement (Forefront Income Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twothree-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Advisorone Funds)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term through September 26, 2016 and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Princeton Private Equity Fund)

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EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twoone-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Vertical Capital Income Fund)

EFFECTIVENESS AND DURATION. (a) This a)This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Forethought Variable Insurance Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s Corporation's s Board or (ii) by a vote of a majority of the Shares of the TrustCorporation, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Tributary Funds, Inc.)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Hays Series Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year one -year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Fund's Board or (ii) by a vote of a majority of the Shares of the TrustFund, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Mp63 Fund Inc)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Forethought Variable Insurance Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twoone-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (North Country Funds)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof Effective Date and have an initial term of two (2) years (the “Initial Term”). This Agreement will continue for an initial two-year term and will continue thereafter after the Initial Term so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" ʺinterested personsʺ of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Mutual Fund Series Trust)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustCorporation’s s Board or (ii) by a vote of a majority of the Shares of the TrustCorporation, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Tributary Funds, Inc.)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof Effective Date and have an initial term of two (2) years (the “Initial Term”). This Agreement will continue for an initial two-year term and will continue thereafter after the Initial Term so long as such continuance is specifically approved at least annually (i) by the TrustFund’s s Board or (ii) by a vote of a majority of the Shares of the TrustFund, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Crow Point Global Dividend Plus Fund)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term running through February 28, 2005, and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (North Country Funds)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (Total Income (Plus) Real Estate Fund)

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s 's s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Underwriting Agreement (DCM Series Trust)

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