Common use of Renewal and Termination Clause in Contracts

Renewal and Termination. (1) This Agreement shall continue in effect for each Portfolio until May 12, 1998, or until a new agreement is approved by a vote of the majority of the outstanding units of each Portfolio and by vote of the Trust's Board, including the vote required by (b) of this paragraph, and if no new agreement is so approved, this Agreement shall continue from year to year thereafter unless and until terminated by either party as hereinafter provided, except that such continuance shall be specifically approved at least annually (a) by the Board or by a vote of the majority of the outstanding units of the relevant Portfolios and (b) by the vote of a majority of the trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. As used in this paragraph, the term "

Appears in 5 contracts

Samples: Investment Management Services Agreement (Growth & Income Trust), Investment Management Services Agreement (World Trust), Investment Management Services Agreement (Income Trust)

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Renewal and Termination. (1) This Agreement shall continue in effect for each Portfolio until May 12______, 1998____, or until a new agreement is approved by a vote of the majority of the outstanding units of each Portfolio and by vote of the Trust's Board, including the vote required by (b) of this paragraph, and if no new agreement is so approved, this Agreement shall continue from year to year thereafter unless and until terminated by either party as hereinafter provided, except that such continuance shall be specifically approved at least annually (a) by the Board or by a vote of the majority of the outstanding units of the relevant Portfolios and (b) by the vote of a majority of the trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. As used in this paragraph, the term "

Appears in 4 contracts

Samples: Investment Management Services Agreement (Growth Trust), Investment Management Services Agreement (World Trust), Investment Management Services Agreement (Tax Free Income Trust)

Renewal and Termination. (1) This Agreement shall continue in effect for each Portfolio until May 12November 30, 1998, 2004 or until a new agreement is approved by a vote of the majority of the outstanding units of each Portfolio and by vote of the Trust's Board, including the vote required by (b) of this paragraph, and if no new agreement is so approved, this Agreement shall continue from year to year thereafter unless and until terminated by either party as hereinafter provided, except that such continuance shall be specifically approved at least annually (a) by the Board or by a vote of the majority of the outstanding units of the relevant Portfolios and (b) by the vote of a majority of the trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. As used in this paragraph, the term "

Appears in 4 contracts

Samples: Investment Management Services Agreement (Growth Trust), Investment Management Services Agreement (Axp Dimensions Series Inc), Investment Management Services Agreement (Axp Growth Series Inc/Mn)

Renewal and Termination. (1) This Agreement shall continue in effect for each Portfolio until May 12June 30, 19982001, or until a new agreement is approved by a vote of the majority of the outstanding units of each Portfolio and by vote of the Trust's Board, including the vote required by (b) of this paragraph, and if no new agreement is so approved, this Agreement shall continue from year to year thereafter unless and until terminated by either party as hereinafter provided, except that such continuance shall be specifically approved at least annually (a) by the Board or by a vote of the majority of the outstanding units of the relevant Portfolios and (b) by the vote of a majority of the trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. As used in this paragraph, the term "

Appears in 2 contracts

Samples: Investment Management Services Agreement (Growth & Income Trust), Investment Management Services Agreement (World Trust)

Renewal and Termination. (1) This Agreement agreement shall continue in effect for each Portfolio until May Nov. 12, 1998, or until a new agreement is approved by a vote of the majority of the outstanding units of each Portfolio and by vote of the Trust's Board, including the vote required by (b) of this paragraph, and if no new agreement is so approved, this Agreement agreement shall continue from year to year thereafter unless and until terminated by either party as hereinafter provided, except that such continuance shall be specifically approved at least annually (a) by the Board or by a vote of the majority of the outstanding units of the relevant Portfolios and (b) by the vote of a majority of the trustees who are not parties to this Agreement agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. As used in this paragraph, the term "

Appears in 1 contract

Samples: Investment Management Services Agreement (World Trust)

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Renewal and Termination. (1) This Agreement shall continue in effect for each the Portfolio until May 12June 30, 19982001, or until a new agreement is approved by a vote of the majority of the outstanding units of each the Portfolio and by vote of the Trust's Board, including the vote required by (b) of this paragraph, and if no new agreement is so approved, this Agreement shall continue from year to year thereafter unless and until terminated by either party as hereinafter provided, except that such continuance shall be specifically approved at least annually (a) by the Board or by a vote of the majority of the outstanding units of the relevant Portfolios Portfolio and (b) by the vote of a majority of the trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. As used in this paragraph, the term "

Appears in 1 contract

Samples: Investment Management Services Agreement (Ids Growth Fund Inc)

Renewal and Termination. (1) This Agreement shall continue in effect for each the Portfolio until May 12August 18, 1998, or until a new agreement is approved by a vote of the majority of the outstanding units of each the Portfolio and by vote of the Trust's Board, including the vote required by (b) of this paragraph, and if no new agreement is so approved, this Agreement shall continue from year to year thereafter unless and until terminated by either party as hereinafter provided, except that such continuance shall be specifically approved at least annually (a) by the Board or by a vote of the majority of the outstanding units of the relevant Portfolios Portfolio and (b) by the vote of a majority of the trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. As used in this paragraph, the term "

Appears in 1 contract

Samples: Investment Management Services Agreement (Growth Trust)

Renewal and Termination. (1) This Agreement shall continue in effect for each Portfolio until May Nov. 12, 1998, or until a new agreement is approved by a vote of the majority of the outstanding units of each Portfolio and by vote of the Trust's Board, including the vote required by (b) of this paragraph, and if no new agreement is so approved, this Agreement shall continue from year to year thereafter unless and until terminated by either party as hereinafter provided, except that such continuance shall be specifically approved at least annually (a) by the Board or by a vote of the majority of the outstanding units of the relevant Portfolios and (b) by the vote of a majority of the trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. As used in this paragraph, the term "

Appears in 1 contract

Samples: Investment Management Services Agreement (World Trust)

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