Common use of of the 1940 Act Clause in Contracts

of the 1940 Act. This Agreement may be terminated at any time without the payment of any penalty by the Company by giving the Distributor at least sixty (60) days' previous written notice of such intention to terminate. This Agreement may be terminated by the Distributor at any time by giving the Company at least sixty (60) days' previous written notice of such intention to terminate.

Appears in 22 contracts

Samples: Class C Distribution Agreement (Security Equity Fund), Distribution Agreement (Security Growth & Income Fund/Ks/), Security Equity Fund Institutional Class Distribution Agreement (Security Equity Fund)

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of the 1940 Act. This Agreement may be terminated at any time without the payment of any penalty by the Company Fund by giving the Distributor at least sixty (60) days' previous written notice of such intention to terminate. This Agreement may be terminated by the Distributor at any time by giving the Company Fund at least sixty (60) days' previous written notice of such intention to terminate.

Appears in 5 contracts

Samples: Distribution Agreement (Security Income Fund /Ks/), Distribution Agreement (Security Mid Cap Growth Fund), Distribution Agreement (Security Large Cap Value Fund/Ks/)

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of the 1940 Act. This Agreement may be terminated at any time without the payment of any penalty by the Company by giving the Distributor at least sixty (60) days' previous written notice of such intention to terminate. This Agreement may be terminated by the Distributor at any time by giving the Company at least sixty (60) days' previous written notice of such intention to terminate. This Agreement shall terminate automatically in the event of its assignment. As used in the preceding sentence, the word "assignment" shall have the meaning set forth in Section 2(a)(4) of the 1940 Act. 9.

Appears in 1 contract

Samples: Income Fund Class S Distribution Agreement (Security Income Fund /Ks/)

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