Common use of Term and Continuation Clause in Contracts

Term and Continuation. This Agreement shall take effect as of the date hereof, and shall remain in effect, unless sooner terminated as provided herein, with respect to a Portfolio for a period of two years following the date set forth on the attached Schedule. This Agreement shall continue thereafter on an annual basis with respect to a Portfolio provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, or (b) by vote of a majority of the outstanding voting shares of the Portfolio, and provided continuance is also approved by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement of "interested persons" (as defined in the 0000 Xxx) of the Trust, or the Adviser, cast in person at a meeting called for the purpose of voting on such approval. This Agreement may not be materially amended without a majority vote of the outstanding voting shares (as defined in the 0000 Xxx) of the pertinent Portfolio or Portfolios. However, any approval of this Agreement by the holders of a majority of the outstanding shares (as defined in the 0000 Xxx) of a particular Portfolio shall be effective to continue this Agreement with respect to such Portfolio notwithstanding (a) that this Agreement has not been approved by the holders of a majority of the outstanding shares of any other Portfolio or (b) that this Agreement has not been approved by the vote of a majority of the outstanding shares of the Trust, unless such approval shall be required by any other applicable law or otherwise. This Agreement will terminate automatically with respect to the services provided by the Adviser in event of its assignment, as that term is defined in the 1940 Act, by the Adviser. This Agreement may be terminated:

Appears in 4 contracts

Samples: Investment Advisory Agreement (Fixed Income Shares), Investment Advisory Agreement (Pimco Fixed Income Shares), Investment Advisory Agreement (Pimco Fixed Income Shares)

AutoNDA by SimpleDocs

Term and Continuation. This Agreement shall take effect as of the date --------------------- hereof, and shall remain in effect, unless sooner terminated as provided herein, with respect to a Portfolio the Fund for a period of two years following the date set forth on the attached Schedulehereof. This Agreement shall continue thereafter on an annual basis with respect to a Portfolio the Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, or (b) by vote of a majority of the outstanding voting shares of the PortfolioFund, and provided continuance is also approved by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement of or "interested persons" (as defined in the 0000 Xxx) of the Trust, or the Adviser, cast in person at a meeting called for the purpose of voting on such approval. This Agreement may not be materially amended without a majority vote of the outstanding voting shares (as defined in the 0000 Xxx) of the pertinent Portfolio or PortfoliosFund. However, any approval of this Agreement by the holders of a majority of the outstanding shares (as defined in the 0000 Xxx) of a particular Portfolio the Fund shall be effective to continue this Agreement with respect to such Portfolio the Fund notwithstanding (a) that this Agreement has not been approved by the holders of a majority of the outstanding shares of any other Portfolio series of the Trust or (b) that this Agreement has not been approved by the vote of a majority of the outstanding shares of the Trust, unless such approval shall be required by any other applicable law or otherwise. This Agreement will terminate automatically with respect to the services provided by the Adviser in the event of its assignment, as that term is defined in the 1940 Act, by the Adviser. This Agreement may be terminated:

Appears in 2 contracts

Samples: Investment Advisory Agreement (Pimco Funds Multi Manager Series), Pimco Funds Multi Manager Series

Term and Continuation. This Agreement shall take effect as of the date hereof, and shall remain in effect, unless sooner terminated as provided herein, with respect to a Portfolio Fund for a period of two years following the date set forth on the attached Schedule. This Agreement shall continue thereafter on an annual basis with respect to a Portfolio Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, or (b) by vote of a majority of the outstanding voting shares of the PortfolioFund, and provided continuance is also approved by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement of "or β€œinterested persons" ” (as defined in the 0000 Xxx) of the Trust, or the Adviser, cast in person at a meeting called for the purpose of voting on such approval. This Agreement may not be materially amended without a majority vote of the outstanding voting shares (as defined in the 0000 Xxx) of the pertinent Portfolio Fund or PortfoliosFunds. However, any approval of this Agreement by the holders of a majority of the outstanding shares (as defined in the 0000 Xxx) of a particular Portfolio Fund shall be effective to continue this Agreement with respect to such Portfolio Fund notwithstanding (a) that this Agreement has not been approved by the holders of a majority of the outstanding shares of any other Portfolio Fund or (b) that this Agreement has not been approved by the vote of a majority of the outstanding shares of the Trust, unless such approval shall be required by any other applicable law or otherwise. This Agreement will terminate automatically with respect to the services provided by the Adviser in the event of its assignment, as that term is defined in the 1940 Act, by the Adviser. This Agreement may be terminated:

Appears in 2 contracts

Samples: Investment Advisory Agreement (Allianz Funds), Investment Advisory Agreement (Allianz Funds)

Term and Continuation. This Agreement shall take effect as of --------------------- the date hereof, and shall remain in effect, unless sooner terminated as provided herein, with respect to a Portfolio Fund for a period of two years following the date set forth on the attached Schedule. This Agreement shall continue thereafter on an annual basis with respect to a Portfolio Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, or (b) by vote of a majority of the outstanding voting shares of the PortfolioFund, and provided continuance is also approved by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement of or "interested persons" (as defined in the 0000 Xxx) of the Trust, or the Adviser, cast in person at a meeting called for the purpose of voting on such approval. This Agreement may not be materially amended without a majority vote of the outstanding voting shares (as defined in the 0000 Xxx) of the pertinent Portfolio Fund or PortfoliosFunds. However, any approval of this Agreement by the holders of a majority of the outstanding shares (as defined in the 0000 Xxx) of a particular Portfolio Fund shall be effective to continue this Agreement with respect to such Portfolio Fund notwithstanding (a) that this Agreement has not been approved by the holders of a majority of the outstanding shares of any other Portfolio Fund or (b) that this Agreement has not been approved by the vote of a majority of the outstanding shares of the Trust, unless such approval shall be required by any other applicable law or otherwise. This Agreement will terminate automatically with respect to the services provided by the Adviser in event of its assignment, as that term is defined in the 1940 Act, by the Adviser. This Agreement may be terminated:

Appears in 1 contract

Samples: Investment Advisory Agreement (Pimco Funds Equity Advisors Series)

AutoNDA by SimpleDocs

Term and Continuation. This Agreement shall take effect as of the date --------------------- hereof, and shall remain in effect, unless sooner terminated as provided herein, with respect to a Portfolio Fund for a period of two years following the date set forth on the attached Schedule. This Agreement shall continue thereafter on an annual basis with respect to a Portfolio Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, or (b) by vote of a majority of the outstanding voting shares of the PortfolioFund, and provided continuance is also approved by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement of or "interested persons" (as defined in the 0000 Xxx) of the Trust, or the Adviser, cast in person at a meeting called for the purpose of voting on such approval. This Agreement may not be materially amended without a majority vote of the outstanding voting shares (as defined in the 0000 Xxx) of the pertinent Portfolio Fund or PortfoliosFunds. However, any approval of this Agreement by the holders of a majority of the outstanding shares (as defined in the 0000 Xxx) of a particular Portfolio Fund shall be effective to continue this Agreement with respect to such Portfolio Fund notwithstanding (a) that this Agreement has not been approved by the holders of a majority of the outstanding shares of any other Portfolio Fund or (b) that this Agreement has not been approved by the vote of a majority of the outstanding shares of the Trust, unless such approval shall be required by any other applicable law or otherwise. This Agreement will terminate automatically with respect to the services provided by the Adviser in the event of its assignment, as that term is defined in the 1940 Act, by the Adviser. This Agreement may be terminated:

Appears in 1 contract

Samples: Investment Advisory Agreement (Pimco Funds Multi Manager Series)

Term and Continuation. This Agreement shall take effect as of the date hereof, and shall remain in effect, unless sooner terminated as provided herein, with respect to a Portfolio the Fund for a period of two years following the date set forth on the attached Schedule. This Agreement shall continue thereafter on an annual basis with respect to a Portfolio the Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, or (b) by vote of a majority of the outstanding voting shares of the PortfolioFund, and provided continuance is also approved by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement of or "interested persons" (as defined in the 0000 Xxx) of the Trust, or the Adviser, cast in person at a meeting called for the purpose of voting on such approval. This Agreement may not be materially amended without a majority vote of the outstanding voting shares (as defined in the 0000 Xxx) of the pertinent Portfolio or PortfoliosFund. However, any approval of this Agreement by the holders of a majority of the outstanding shares (as defined in the 0000 Xxx) of a particular Portfolio the Fund shall be effective to continue this Agreement with respect to such Portfolio notwithstanding (a) that this Agreement has not been approved by the holders of a majority of the outstanding shares of any other Portfolio or (b) that this Agreement has not been approved by the vote of a majority of the outstanding shares of the Trust, unless such approval shall be required by any other applicable law or otherwise. This Agreement will terminate automatically with respect to the services provided by the Adviser in event of its assignment, as that term is defined in the 1940 Act, by the Adviser. This Agreement may be terminated:

Appears in 1 contract

Samples: Investment Advisory Agreement (Fixed Income Shares)

Time is Money Join Law Insider Premium to draft better contracts faster.