Common use of Term, Duration and Termination Clause in Contracts

Term, Duration and Termination. This Agreement shall become effective with respect to each Fund as of the date first written above and, unless sooner terminated as provided herein, shall continue with respect to a particular Fund automatically for successive one-year terms, provided that such continuance is specifically approved at least annually by (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable without penalty, on not less than sixty days' prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," "interested persons" and "

Appears in 2 contracts

Samples: Distribution Agreement (HSBC Mutual Funds Trust), Distribution Agreement (HSBC Funds Trust)

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Term, Duration and Termination. This Agreement shall become effective with respect to each Fund as of the date first written above November 1, 1995 and, unless sooner terminated as provided herein, shall continue with respect to a particular Fund until October 31, 1996. Thereafter, if not terminated, this Agreement shall continue automatically for successive one-year terms, provided that such continuance is specifically approved at least annually by (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable without penalty, on not less than sixty days' sixty-days prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," "interested persons" and "

Appears in 1 contract

Samples: Distribution Agreement (One Group)

Term, Duration and Termination. This Agreement shall become effective with respect to each Fund as of the date first written above April 1, 2002 and, unless sooner terminated as provided herein, shall continue with respect to a particular Fund until November 30, 2002 Thereafter, if not terminated, this Agreement shall continue automatically for successive one-year terms, provided that such continuance is specifically approved at least annually by (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable may be terminated without penalty, on not less than sixty days' 60 days prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," ", "interested persons" and "

Appears in 1 contract

Samples: Distribution Agreement (One Group Mutual Funds)

Term, Duration and Termination. This Agreement shall become effective with respect to each Fund as of the date first written above April 1, 2002 and, unless sooner terminated as provided herein, shall continue with respect to a particular Fund until November 30, 2002. Thereafter, if not terminated, this Agreement shall continue automatically for successive one-year terms, provided that such continuance is specifically approved at least annually by (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable may be terminated without penalty, on not less than sixty days' 60 days prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," ", "interested persons" and "

Appears in 1 contract

Samples: Distribution Agreement (One Group Mutual Funds)

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Term, Duration and Termination. This Agreement shall become effective with respect to each Fund as of the date first written above November 1, 1995 and, unless sooner terminated as provided herein, shall continue with respect to a particular Fund until October 31, 1996. Thereafter, if not terminated, this Agreement shall continue automatically for successive one-year terms, provided that such continuance is specifically approved at least annually by (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable without penalty, on not less than sixty days' sixty-days prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," ", "interested persons" and "

Appears in 1 contract

Samples: Distribution Agreement (One Group)

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