Common use of Term, Amendment and Termination Clause in Contracts

Term, Amendment and Termination. This Agreement may be modified or amended from time to time by mutual agreement between the parties hereto. The Agreement shall remain in effect for a period of one year from the date the Fund's registration statement on file with the U.S. Securities and Exchange Commission becomes effective and shall automatically continue in effect thereafter unless terminated by either party at the end of such period or thereafter on one 60 days' prior written notice. Upon termination of the Agreement, the fund shall pay to MSAM such compensation as may be due under the terms hereof as the of the date of such termination. If, during the initial one year period, either of the parties hereto shall be in default in the performance of any its duties and obligations hereunder (the defaulting party), the other party hereto may give written notice to the defaulting party and if such default shall not have been remedied within 30 days after such written notice is given, then the party giving such notice may terminate this Agreement by 90 days' written notice of such termination to the defaulting party, but such termination shall not affect any rights or obligations of either party arising from or relating to such default under the terms hereof.

Appears in 2 contracts

Samples: Form of Administration Agreement (Morgan Stanley Strategic Adviser Fund Inc), Administration Agreement (Morgan Stanley Strategic Adviser Fund Inc)

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Term, Amendment and Termination. This Agreement may be modified or amended from time to time by mutual agreement between the parties hereto. The Agreement shall remain in effect for a period of one year from the date the Fund's ’s registration statement on file with the U.S. Securities and Exchange Commission becomes effective and shall automatically continue in effect thereafter unless terminated by either party at the end of such period or thereafter on one 60 days' prior written noticenotice to the other party. Upon termination of the Agreement, the fund Fund shall pay to MSAM such compensation as may be due under the terms hereof as the of the date of such termination. If, during the initial one one-year period, either of the parties hereto shall be in default in the performance of any of its duties and obligations hereunder (the defaulting party“Defaulting Party”), the other party hereto may give written notice to the defaulting party Defaulting Party and if such default shall not have been remedied within 30 days after such written notice is given, then the party giving such notice may terminate this Agreement by 90 days' written notice of such termination to the defaulting partyDefaulting Party, but such termination shall not affect any rights or obligations of either party arising from or relating to such default under the terms hereof.

Appears in 2 contracts

Samples: Administration Agreement (Universal Institutional Funds Inc), Administration Agreement (Universal Institutional Funds Inc)

Term, Amendment and Termination. This Agreement may be modified or amended from time to time by mutual agreement between the parties hereto. The Agreement shall remain in effect for a period of one year from the date the Fund's Funds registration statement on file with the U.S. Securities and Exchange Commission becomes effective and shall automatically continue in effect thereafter unless terminated by either party at the end of such period or thereafter on one 60 days' prior written notice. Upon termination of the Agreement, the fund Fund shall pay to MSAM MSIM such compensation as may be due under the terms hereof as the of the date care of such termination. If, during the initial one year period, either of the parties hereto shall be in default in the performance of any of its duties and obligations hereunder (the defaulting party), the other party hereto may give written notice to the defaulting party and if such default shall not have been remedied within 30 days after such written notice is given, then the party giving such notice may terminate this Agreement by 90 days' written notice of such termination to the defaulting party, but such termination shall not affect any rights or obligations of either party arising from or relating to such default under the terms hereof.

Appears in 2 contracts

Samples: Msim Administration Agreement (Morgan Stanley Institutional Liquidity Funds), Msim Administration Agreement (Morgan Stanley Institutional Liquidity Funds)

Term, Amendment and Termination. This Agreement may be modified or amended from time to time by mutual agreement between the parties hereto. The Agreement shall remain in effect for a period of one year from the date the Fund's registration statement on file with the U.S. Securities and Exchange Commission becomes effective and shall automatically continue in effect thereafter unless terminated by either party at the end of such period or thereafter on one 60 days' prior written notice. Upon termination of the Agreement, the fund Fund shall pay to MSAM such compensation as may be due under the terms hereof as the of the date of such termination. If, during the initial one one-year period, either of the parties hereto shall be in default in the performance of any its duties and obligations hereunder (the defaulting party"Defaulting Party"), the other party hereto may give written notice to the defaulting party Defaulting Party and if such default shall not have been remedied within 30 days after such written notice is given, then the party giving such notice may terminate this Agreement by on 90 days' written notice of such termination to the defaulting partyDefaulting Party, but such termination shall not affect any rights or obligations of either party arising from or relating to such default under the terms hereof.

Appears in 1 contract

Samples: Administration Agreement (Morgan Stanley Fund Inc)

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Term, Amendment and Termination. This Agreement may be modified or amended from time to time by mutual agreement between the parties hereto. The Agreement shall remain in effect for a period of one year from the date the Fund's registration statement on file with the U.S. Securities and Exchange Commission becomes effective and shall automatically continue in effect thereafter unless terminated by either party at the end of such period or thereafter on one 60 days' prior written noticenotice to the other party. Upon termination of the Agreement, the fund Fund shall pay to MSAM MAS such compensation as may be due under the terms hereof as the of the date of such termination. If, during the initial one one-year period, either of the parties hereto shall be in default in the performance of any of its duties and obligations hereunder (the defaulting party"Defaulting Party"), the other party hereto may give written notice to the defaulting party Defaulting Party and if such default shall not have been remedied within 30 days after such written notice is given, then the party giving such notice may terminate this Agreement by 90 days' written notice of such termination to the defaulting partyDefaulting Party, but such termination shall not affect any rights or obligations of either party arising from or relating to such default under the terms hereof.

Appears in 1 contract

Samples: Administration Agreement (Morgan Stanley Universal Funds Inc)

Term, Amendment and Termination. This Agreement may be modified or amended from time to time by mutual agreement between the parties hereto. The Agreement shall remain in effect for a period of one year from the date the Fund's registration statement on file with the U.S. Securities and Exchange Commission becomes effective and shall automatically continue in effect thereafter unless terminated by either party at the end of such period or thereafter on one 60 days' prior written noticenotice to the other party. Upon termination of the Agreement, the fund Fund shall pay to MSAM such compensation as may be due under the terms hereof as the of the date of such termination. If, during the initial one one-year period, either of the parties hereto shall be in default in the performance of any of its duties and obligations hereunder (the defaulting party"Defaulting Party"), the other party hereto may give written notice to the defaulting party Defaulting Party and if such default shall not have been remedied within 30 days after such written notice is given, then the party giving such notice may terminate this Agreement by 90 days' written notice of such termination to the defaulting partyDefaulting Party, but such termination shall not affect any rights or obligations of either party arising from or relating to such default under the terms hereof.

Appears in 1 contract

Samples: Administration Agreement (Morgan Stanley Universal Funds Inc)

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