Common use of Term of Agreement; Amendment; Assignment Clause in Contracts

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to each Fund listed on Exhibit A hereof as of the date hereof and, with respect to each Fund not in existence on that date, on the date an amendment to Exhibit A to this Agreement relating to that Fund is executed. This Agreement shall continue in effect automatically as to each Fund for successive one-year periods, provided that such continuance is specifically approved at least annually by: (i) the Trust’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of a Fund, and provided that in either event, the continuance is also approved by a majority of the Trust’s Board who are not “interested persons” of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Distribution Agreement (Permanent Portfolio Family of Funds), Distribution Agreement (Permanent Portfolio Family of Funds)

AutoNDA by SimpleDocs

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to each the Fund listed on Exhibit A hereof as of the date hereof andthe Fund begins operations. Unless sooner terminated as provided herein, with respect to each Fund not this Agreement shall continue in existence on that date, on effect for a period of one year from the date an amendment to Exhibit A to hereof. Thereafter, if not terminated, this Agreement relating to that Fund is executed. This Agreement shall continue in effect automatically as to each the Fund for successive one-year periods, provided that such continuance is specifically approved at least annually by: (i) the Trust’s Board, or (ii) the vote of a “majority of the outstanding voting securities” (as that term is defined in the 0000 Xxx) of a the Fund, and provided that in either event, the continuance is also approved by a majority of the Trust’s members of the Board who are not “interested persons” of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Distribution Agreement (Tortoise Tax-Advantaged Social Infrastructure Fund, Inc.), Distribution Agreement (Tortoise Tax-Advantaged Social Infrastructure Fund, Inc.)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to each Fund listed on Exhibit A hereof as of the date hereof and, with respect and to each Fund not in existence on that date, on may be authorized and issued by the Trust subsequent to the date an amendment to Exhibit A to of this Agreement. Unless sooner terminated as provided herein, this Agreement relating to that Fund is executedshall continue in effect for two years from the date hereof. This Thereafter, if not terminated, this Agreement shall continue in effect automatically as to each Fund for successive one-year periods, provided that such continuance is specifically approved at least annually by: (i) the Trust’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of a Fund, and provided that in either event, the continuance is also approved by a majority of the Trust’s Board who are not “interested persons” of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Appleton Funds)

AutoNDA by SimpleDocs

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to each Fund listed on Exhibit A hereof as of the date hereof andOctober 31, with respect to each Fund not in existence on that date2014. Unless sooner terminated as provided herein, on the date an amendment to Exhibit A to this Agreement relating shall continue in effect until December 12, 2014, or such other date that the parties may agree to that Fund is executedin writing. This Thereafter, if not terminated, this Agreement shall continue in effect automatically as to each Fund for successive one-year periods, provided that such continuance is specifically approved at least annually by: (i) the Trust’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of a Fund, and provided that in either event, the continuance is also approved by a majority of the Trust’s Board who are not “interested persons” of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Interim Co Distribution Agreement (Trust for Advised Portfolios)

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