Common use of Termination of Amendment Clause in Contracts

Termination of Amendment. Any party may terminate Sections 1 and 2 of this Amendment upon thirty (30) days written notice to the other party, commencing from the date of receipt of such notice. The obligations of the Company and Trust under Sections 3 and 4 of this Amendment, respectively, shall survive any termination hereof with respect to any transactions occurring or circumstances arising out of supplied or omitted information or actions or omissions to act before the effective date of any termination hereof. Commencing from the date of receipt of such notice (“Notification Date”), the Trust, Distributor and Company shall proceed with the termination of Sections 1 and 2 of this Amendment in accordance with the following schedule unless otherwise agreed to by the parties: (a) transactions through Fund/SERV shall cease as of the Notification Date; (b) a plan which sets forth the procedures that must be followed to effect the termination of Sections 1 and 2 of this Amendment (“Termination Plan”) must be agreed upon by all of the parties within sixty (60) days of the Notification Date; (c) the Termination Plan must be fully implemented within ninety (90) days of the Notification Date; and (d) the Termination Plan must be fully completed within one hundred eighty (180) days of the Notification Date.

Termination of Amendment. Any party may terminate Sections Section 1 and 2 of this Amendment upon thirty (30) days written notice to the other party, commencing from the date of receipt of such notice. The obligations of the Company and Trust under Sections 2 and 3 and 4 of this Amendment, respectively, shall survive any termination hereof with respect to any transactions occurring or circumstances arising out of supplied or omitted information or actions or omissions to act before the effective date of any termination hereof. Commencing from the date of receipt of such notice (“Notification Date”), the Trust, Distributor and Company shall proceed with the termination of Sections Section 1 and 2 of this Amendment in accordance with the following schedule unless otherwise agreed to by the parties: (a) transactions through Fund/SERV shall cease as of the Notification Date; (b) a plan which sets forth the procedures that must be followed to effect the termination of Sections Section 1 and 2 of this Amendment (“Termination Plan”) must be agreed upon by all of the parties within sixty (60) days of the Notification Date; (c) the Termination Plan must be fully implemented within ninety (90) days of the Notification Date; and (d) the Termination Plan must be fully completed within one hundred eighty (180) days of the Notification Date.