Termination on Assignment Sample Clauses

Termination on Assignment. Notwithstanding anything herein to the contrary, this Servicing Agreement may not be assigned and shall terminate automatically without notice to either party upon any assignment.
Sample 1Sample 2Sample 3See All (11)
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Termination on Assignment. This Agreement automatically and immediately terminates without notice or penalty in the event of assignment by any party hereto without giving prior written consent to such assignment.
Sample 1Sample 2Sample 3See All (10)
Termination on Assignment. This Agreement shall terminate automatically in the event of its "assignment" (as defined in the 1940 Act), it being understood that this Agreement has been approved by the Trustees, including the Qualified Trustees. Sierra Services agrees to notify the Trust of any circumstances that might result in this Agreement being deemed to be assigned.
Sample 1Sample 2Sample 3See All (6)
Termination on Assignment. This Agreement shall automatically and immediately terminate without notice or penalty in the event of its assignment by any party hereto without the giving of prior written consent to such assignment by the other party hereto.
Sample 1Sample 2Sample 3See All (4)
Termination on Assignment. This Agreement shall terminate automatically in the event of its "assignment" (as defined in the 1940 Act), it being understood that this Agreement has been approved by the Trustees, including the Qualified Trustees in contemplation of an Amended and Restated Purchase and Sale Agreement to be entered into by the Distributor, Citibank, N.A. and Citicorp North America, Inc., which provides for a transfer of receivables relating to the Distribution Fees and CDSCs payable to the Distributor under this Agreement. The Distributor agrees to notify the respective Trust of any circumstances that might result in this Agreement being deemed to be assigned.
Sample 1Sample 2Sample 3
Termination on Assignment. This Agreement shall terminate automatically in the event of its "assignment" (as defined in the 1940 Act), it being understood that this Agreement has been approved by the Trustees, including the Qualified Trustees in contemplation of a Purchase and Sale Agreement to be entered into by Sierra Services, Corporate Asset Funding Company, Inc. and Citicorp North America, Inc., which provides for a transfer of receivables relating to the Distribution Fees and CDSCs payable to Sierra Services under this Agreement. Sierra Services agrees to notify the Trust of any circumstances that might result in this Agreement being deemed to be assigned.
Sample 1
Termination on Assignment. THIS AGREEMENT SHALL TERMINATE AUTOMATICALLY IN THE EVENT OF ITS "ASSIGNMENT" (AS DEFINED IN THE 1940 ACT), IT BEING UNDERSTOOD THAT THIS AGREEMENT HAS BEEN APPROVED BY THE TRUSTEES, INCLUDING THE QUALIFIED TRUSTEES IN CONTEMPLATION OF AN AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT TO BE ENTERED INTO BY THE DISTRIBUTOR, CITIBANK, N.A. AND CITICORP NORTH AMERICA, INC., WHICH PROVIDES FOR A TRANSFER OF RECEIVABLES RELATING TO THE DISTRIBUTION FEES AND CDSCS PAYABLE TO THE DISTRIBUTOR UNDER THIS AGREEMENT. THE DISTRIBUTOR AGREES TO NOTIFY THE RESPECTIVE TRUST OF ANY CIRCUMSTANCES THAT MIGHT RESULT IN THIS AGREEMENT BEING DEEMED TO BE ASSIGNED. VOLUNTARY TERMINATION. EACH TRUST MAY TERMINATE THIS AGREEMENT WITH RESPECT TO ANY FUND OR CLASS, OR IN ITS ENTIRETY, WITHOUT PENALTY, ON 60 DAYS' WRITTEN NOTICE TO THE DISTRIBUTOR BY VOTE OF THE BOARD OF TRUSTEES OF THE RESPECTIVE TRUST, OR BY VOTE OF A MAJORITY OF THE QUALIFIED TRUSTEES OR BY VOTE OF A MAJORITY OF THE OUTSTANDING VOTING SHARES OF SUCH FUND, AS THE CASE MAY BE. THE DISTRIBUTOR MAY TERMINATE THIS AGREEMENT WITH RESPECT TO ANY FUND, OR IN ITS ENTIRETY, ON 60 DAYS' WRITTEN NOTICE TO THE FUND OR TRUST AS THE CASE MAY BE. TERMINATION OF THIS AGREEMENT WITH RESPECT TO ANY CLASS OF SHARES OF ANY FUND SHALL NOT CAUSE THIS AGREEMENT TO TERMINATE WITH RESPECT TO THE OTHER CLASS OF SHARES OF SUCH FUND OR ANY SHARES OF ANY OTHER FUND. NOTICE OF TERMINATION AS PROVIDED FOR IN THIS SECTION MAY BE WAIVED BY EITHER PARTY, SUCH WAIVER TO BE IN WRITING. CONTINUED PAYMENT. WITH RESPECT TO CLASS B SHARES OF ANY FUND SOLD PURSUANT TO THIS AGREEMENT, THE RESPECTIVE TRUST SHALL CONTINUE PAYMENT TO THE DISTRIBUTOR OF (A) THE DISTRIBUTOR'S ALLOCABLE PORTION, AS DEFINED IN SCHEDULE 1 TO THIS AGREEMENT, OF THE CONTINGENT DEFERRED SALES CHARGES ATTRIBUTABLE TO SUCH SHARES OF SUCH FUND, AND (B) SO LONG AS THERE HAS BEEN NO COMPLETE TERMINATION (AS DEFINED IN THE APPLICABLE DISTRIBUTION PLAN), THE DISTRIBUTOR'S ALLOCABLE PORTION OF THE DISTRIBUTION FEE ATTRIBUTABLE TO SUCH CLASS B SHARES OF SUCH FUND, IN EITHER CASE NOTWITHSTANDING TERMINATION OF THIS AGREEMENT ACCORDING TO ITS TERMS.
Sample 1
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Termination on Assignment. This Agreement shall terminate automatically in the event of its "assignment" (as defined in the 1940 Act), it being understood that this Agreement has been approved by the Trustees, including the Qualified Trustees. Sierxx Xxxvices agrees to notify the Trust of any circumstances that might result in this Agreement being deemed to be assigned.
Sample 1

Related to Termination on Assignment

  • Limitation on Assignment This Agreement is personal to the Participant and, except as otherwise provided in Section 5 above, shall not be assignable by the Participant otherwise than by will or the laws of descent and distribution, without the written consent of the Company executed by a Senior Vice President or above of UL Solutions Inc. This Agreement shall inure to the benefit of and be enforceable by the Participant’s legal representatives.

  • Prohibition on Assignment Other than pursuant to the laws of descent and distribution, Executive's right to benefit payments under this Section 4.2 are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of Executive or Executive's beneficiary.

  • Termination; Assignment This Agreement may be terminated by either party at any time upon the provision of ninety days prior written notice thereof to the other. Any such termination, however, will not affect the Company’s ongoing obligations to make payments to NCPS in accordance with the terms hereunder. Both parties acknowledge that the duties and obligations provided for herein are personal in nature and agree that neither this Agreement nor any of such duties or obligations may be assigned by either party without the express written consent of the other, except that NCPS may assign its rights and obligations under this contract to an affiliated broker-dealer with Company’s prior written consent. This provision specifically does not prevent or enjoin NCPS from entering into any licensing, syndication, or selling agreement as described in Section 3 with the Company’s prior written consent.

  • Term and Termination; Assignment; Amendment (a) This Agreement shall be effective for the duration of the Acquired Funds’ and the Acquiring Funds’ reliance on the Rule, as interpreted or modified by the SEC or its Staff from time to time. While the terms of the Agreement shall only be applicable to investments in Funds made in reliance on the Rule, as interpreted or modified by the SEC or its Staff from time to time, the Agreement shall continue in effect until terminated pursuant to Section 9(b).

  • Limitation on Resignation and Assignment by Company The Purchaser has entered into this Agreement with the Company and subsequent Purchasers will purchase the Mortgage Loans in reliance upon the independent status of the Company, and the representations as to the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing, and the continuance thereof. Therefore, the Company shall neither assign this Agreement or the servicing hereunder or delegate its rights or duties hereunder or any portion hereof (to other than a Subservicer) or sell or otherwise dispose of all or substantially all of its property or assets without the prior written consent of the Purchaser, which consent shall be granted or withheld in the sole discretion of the Purchaser; provided, however, notwithstanding any of the foregoing or any other provision in this Agreement, the Company may assign its right and obligations hereunder to Servicing LP or any entity that is directly or indirectly owned or controlled by the Company and the Company guarantees the performance by Servicing LP or such entity of all obligations hereunder. The Company shall not resign from the obligations and duties hereby imposed on it except by mutual consent of the Company and the Purchaser or upon the determination that its duties hereunder are no longer permissible under applicable law and such incapacity cannot be cured by the Company. Any such determination permitting the resignation of the Company shall be evidenced by an Opinion of Counsel to such effect delivered to the Purchaser which Opinion of Counsel shall be in form and substance acceptable to the Purchaser. No such resignation shall become effective until a successor shall have assumed the Company's responsibilities and obligations hereunder in the manner provided in Section 12.01. Without in any way limiting the generality of this Section 9.04, in the event that the Company either shall assign this Agreement or the servicing responsibilities hereunder or delegate its duties hereunder or any portion thereof (to other than a Subservicer) or sell or otherwise dispose of all or substantially all of its property or assets, without the prior written consent of the Purchaser, then the Purchaser shall have the right to terminate this Agreement upon notice given as set forth in Section 10.01, without any payment of any penalty or damages and without any liability whatsoever to the Company or any third party.

  • Non-Assignment This Agreement shall not be assigned by either party without the written consent of the other party.

  • Limitation on Resignation and Assignment by Servicer The Owner has entered into this Agreement with the Servicer and subsequent Owners will purchase the Mortgage Loans in reliance upon the independent status of the Servicer, and the representations as to the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing, and the continuance thereof. Therefore, the Servicer shall neither assign this Agreement or the servicing hereunder or delegate its rights or duties hereunder or any portion hereof (to other than a third party in the case of outsourcing routine tasks such as taxes, insurance and property inspection, in which case the Servicer shall be fully liable for such tasks as if the Servicer performed them itself) or sell or otherwise dispose of all or substantially all of its property or assets without the prior written consent of the Owner, which consent shall be granted or withheld in the reasonable discretion of the Owner, provided, however, that the Servicer may assign its rights and obligations hereunder without prior written consent of the Owner to any entity that is directly owned or controlled by the Servicer, and the Servicer guarantees the performance of such entity hereunder. In the event of such assignment by the Servicer, the Servicer shall provide the Owner with a written statement guaranteeing the successor entity's performance of the Servicer's obligations under the Agreement. The Servicer shall not resign from the obligations and duties hereby imposed on it except by mutual consent of the Servicer and the Owner or upon the determination that its duties hereunder are no longer permissible under applicable law and such incapacity cannot be cured by the Servicer. Any such determination permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Owner which Opinion of Counsel shall be in form and substance acceptable to the Owner. No such resignation shall become effective until a successor shall have assumed the Servicer's responsibilities and obligations hereunder in the manner provided in Section 10.01. Without in any way limiting the generality of this Section 8.03, in the event that the Servicer either shall assign this Agreement or the servicing responsibilities hereunder or delegate its duties hereunder or any portion thereof (to other than a third party in the case of outsourcing routine tasks such as taxes, insurance and property inspection, in which case the Servicer shall be fully liable for such tasks as if the Servicer performed them itself) or sell or otherwise dispose of all or substantially all of its property or assets, without the prior written consent of the Owner, then the Owner shall have the right to terminate this Agreement upon notice given as set forth in Section 9.01 without any payment of any penalty or damages and without any liability whatsoever to the Servicer or any third party.

  • Limitations on Assignment In entering into this Agreement, the Company is relying on the unique personal services of Executive; services from another person will not be an acceptable substitute. Except as provided in this Agreement, Executive may not assign this Agreement or any of the rights or obligations set forth in this Agreement without the explicit written consent of the Company. Any attempted assignment by Executive in violation of this Section 12(b) shall be void. Except as provided in this Agreement, nothing in this Agreement entitles any person other than the parties to the Agreement to any claim, cause of action, remedy, or right of any kind, including, without limitation, the right of continued employment.

  • Termination on Notice Notwithstanding any other provision of this Agreement, either party may terminate this Agreement at any time by giving thirty (30) days written notice to the other party. Unless otherwise terminated as provided in this Agreement, this Agreement will continue in force until the Services provided for in this Agreement have been fully and completely performed.

  • Termination of the Agreement The Employment may be terminated as follows:

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