For purposes of this Section 16(c), the "Other Contract" shall mean a contractual arrangement pursuant to which the Custodian provides custody services that may not be terminated earlier than the Anniversary Date and whose fee schedule is fixed until the Anniversary Date.
This Financing Agreement, unless terminated as herein provided, shall automatically continue from Anniversary Date to Anniversary Date.
The failure of the disinterested members of the Board to take the actions set forth herein before any Anniversary Date will result in the automatic non-renewal of this Agreement, even if the Board fails to affirmatively issue the Non-Renewal Notice to Executive.
In such event, this Agreement shall be extended to the third anniversary of the relevant Anniversary Date.
On May 20, 1998 and on each May 20 thereafter ("Annual Anniversary Date"), the term of this Agreement shall be extended automatically for an additional year, unless either the Board of Directors of the Holding Company or Executive gives contrary written notice to the other not less than 60 days in advance of such anniversary date.
More definitions of Anniversary Date
Anniversary Date means each November 28 occurring during the term of this Agreement, commencing November 28, 2018, or if any such date is not a Business Day, the next preceding Business Day.