Common use of Effectiveness, Termination and Amendment Clause in Contracts

Effectiveness, Termination and Amendment. (a) This Agreement shall become effective five (5) Business Days after execution and delivery to the Distributor upon notice by the Distributor to the Authorized Participant. This Agreement may be terminated (i) at any time by any party upon sixty (60) days prior written notice to the other parties and (ii) may be terminated earlier by the Distributor at any time in the event of a material breach by the Authorized Participant of any provision of this Agreement or the procedures described or incorporated herein, provided that, in either case, any pending Orders are settled in accordance with their terms. This Agreement supersedes any prior such agreement between or among the parties.

Effectiveness, Termination and Amendment. (a) This Agreement shall become effective five (5) Business Days after execution and delivery to the Distributor upon notice by the Distributor to the Authorized Participant. This Agreement may be terminated (i) at any time by any party upon sixty (60) days prior written notice to the other parties and (ii) may be terminated earlier by the Trust or the Distributor at any time in the event of a material breach by the Authorized Participant of any provision of this Agreement or the procedures described or incorporated herein, provided that, in either case, any pending Orders are settled in accordance with their terms. This Agreement supersedes any prior such agreement between or among the parties.

Effectiveness, Termination and Amendment. (a) This Agreement shall become effective five (5) Business Days after execution and delivery to the Distributor upon notice by the Distributor to the Authorized Participant. This Agreement may be terminated (i) at any time by any party upon sixty (60) days prior written notice to the other parties and (ii) may be terminated earlier by the Fund or the Distributor at any time in the event of a material breach by the Authorized Participant of any provision of this Agreement or the procedures described or incorporated herein, provided that, in either case, any pending Orders are settled in accordance with their terms. This Agreement supersedes any prior such agreement between or among the parties.