Duration, Amendment and Termination Sample Clauses
The 'Duration, Amendment and Termination' clause defines how long an agreement remains in effect, the process for making changes to its terms, and the conditions under which it can be ended. Typically, this clause specifies the start and end dates of the contract, outlines the procedures for modifying the agreement—such as requiring written consent from both parties—and details the circumstances that allow for early termination, like breach of contract or mutual agreement. Its core function is to provide clear guidelines for the contract's lifecycle, ensuring both parties understand their rights and obligations regarding the agreement's duration, modification, and conclusion.
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Duration, Amendment and Termination. This Agreement, unless sooner terminated as provided herein, shall remain in effect until two years from date of execution, and thereafter, for periods of one year so long as such continuance thereafter is specifically approved at least annually (a) by the vote of a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval, and (b) by the Trustees of the Trust or by vote of a majority of the outstanding voting securities of each Portfolio; provided, however, that if the shareholders of any Portfolio fail to approve the Agreement as provided herein, the Adviser may continue to serve hereunder in the manner and to the extent permitted by the 1940 Act and rules and regulations thereunder. The foregoing requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. This Agreement may be modified by mutual consent subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the U.S. Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases of, the Commission. This Agreement may be terminated as to any Portfolio at any time, without the payment of any penalty by vote of a majority of the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the Portfolio on not less than 30 days nor more than 60 days written notice to the Adviser, or by the Adviser at any time without the payment of any penalty, on 90 days written notice to the Trust. This Agreement will automatically and immediately terminate in the event of its assignment. Any notice under this Agreement shall be given in writing, addressed and delivered, or mailed postpaid, to the other party at any office of such party. As used in this Section 12, the terms "assignment," "interested persons," and a "vote of a majority of the outstanding voting securities" shall have the respective meanings set forth in the 1940 Act and the rules and regulations thereunder; subject to such exemptions as may be granted by the Commission under said Act.
Duration, Amendment and Termination. (a) This Agreement shall go into effect as to each Fund on the date set forth above (the "Effective Date") and shall, unless terminated as hereinafter provided, continue in effect for two years from the Effective Date and shall continue from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the Board of Trustees, including the vote of a majority of the trustees who are not parties to this Agreement or "interested persons" (as defined in the Act) of any such party cast in person at a meeting called for the purpose of voting on such approval, or by the vote of the holders of a "majority" (as so defined) of the outstanding voting securities of a Fund and by such a vote of the trustees.
(b) This Agreement may be amended only if such amendment is approved by the vote of the holders of a "majority" (as defined in the Act) of the outstanding voting securities of a Fund.
(c) This Agreement may be terminated as to a Fund by the Adviser at any time without penalty upon giving such Fund sixty (60) days' written notice (which notice may be waived by the Fund) and may be terminated by a Fund at any time without penalty upon giving the Adviser sixty (60) days' written notice (which notice may be waived by the Adviser), provided that such termination by such Fund shall be approved by the vote of a majority of all the trustees in office at the time or by the vote of the holders of a "majority" (as defined in the Act) of the voting securities of the Fund at the time outstanding and entitled to vote. This Agreement shall automatically terminate in the event of its "assignment" (as defined in the Act).
Duration, Amendment and Termination. This Agreement shall go into effect as to each Fund on the date set forth above (the “Effective Date”) and shall continue in effect for two years from the Effective Date and shall continue from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the Board of Trustees, including the vote of a majority of the trustees who are not parties to this Agreement or “interested persons” (as defined in the Act) of any such party cast in person at a meeting called for the purpose of voting on such approval.
Duration, Amendment and Termination. (a) The Board of Directors of Circuit City may at any time terminate the Plan or make such amendments thereof as it shall deem advisable and in the best interests of Circuit City, without further action on the part of the stockholders of Circuit City; provided that no such termination or amendment shall, without the consent of the individual to whom any option shall therefore have been granted, affect or impair the rights of such individual under such option, and provided further, that unless the stockholders of Circuit City by the affirmative vote of a majority of the shares of Circuit City present and voting at a meeting of stockholders at which a quorum is present shall have first approved thereof, no amendment of this Plan shall be made whereby:
(i) the total number of securities which may be issued under the Plan shall be materially increased, except by operation of the adjustment provisions of Section 9 hereof; or
(ii) the eligibility requirements for participation in the Plan shall be materially modified.
(b) No options shall be granted under the Plan after the 10th anniversary of the date of its adoption, but options granted prior to or as of such date may extend beyond such date in accordance with the provisions hereof.
Duration, Amendment and Termination. No Incentive Stock Option or other benefit shall be granted more than ten years after the date of original adoption of this Plan by the Board of Directors; provided, however, that the terms and conditions applicable to any benefit granted on or before such date may thereafter be amended or modified by mutual agreement between Motorola and the participant, or such other person as may then have an interest therein. The Board of Directors or the Committee may amend the Plan from time to time or terminate the Plan at any time. However, no such action shall reduce the amount of any existing award or change the terms and conditions thereof without the participant’s consent. No amendment of the Plan shall be made without stockholder approval if stockholder approval is required by law, regulation, or stock exchange rule.
Duration, Amendment and Termination. No Incentive Stock Option shall be granted more than ten years after the date of adoption of this Plan by the Board of Directors; provided, however, that the terms and conditions applicable to any benefit granted on or before such date may thereafter be amended or modified by mutual agreement between Motorola and the participant, or such other person as may then have an interest therein. The Board of Directors or the Committee may amend the Plan from time to time or terminate the Plan at any time. However, no such action shall reduce the amount of any existing award or change the terms and conditions thereof without the participant’s consent.
Duration, Amendment and Termination. This Memorandum of Understanding shall become effective from the start of the academic year 2016-2017 and shall be valid through the academic year 2020-2021. The memorandum may be renewed by mutual written consent at least six (6) months prior to the expiration date.
Duration, Amendment and Termination a. This Agreement will become effective upon execution by the FAA, Texas SHPO, NPS, ACHP, SpaceX, USFWS, and TPWD, and will remain in effect for a term of ten (10) years from its date of execution, at which time the FAA or SpaceX may seek to extend this Agreement for an additional period of time.
b. Any Signatory or Invited Signatory to this Agreement may request the other Signatories and Invited Signatories consider amending it, in which case the parties will consult to consider the proposed amendment(s). The amendment will be effective on the date a copy is signed by all of the Signatories and Invited Signatories.
c. If any Signatory or Invited Signatory to this Agreement determines that its terms will not or cannot be carried out, that party will immediately consult with the other parties to attempt to develop an amendment per Stipulation XI.b. If within thirty (30) calendar days (or another time period agreed to by all Signatories) an amendment cannot be reached, any Signatory or Invited Signatory may terminate the Agreement upon written notification to the other Signatories and Invited Signatories.
d. A year prior to the expiration of the Agreement, the Signatories and Invited Signatories will consult to determine whether the Agreement should be extended for a period to be determined. If the term of the Agreement is not extended through an amendment, then the Agreement will expire at the end of the duration period set forth in Stipulation XI.a.
e. Once the Agreement is terminated, and prior to work continuing on the Undertaking, the FAA must either execute a new Agreement pursuant to 36 CFR § 800.6, or request, take into account, and respond to the comments of the ACHP under 36 CFR
Duration, Amendment and Termination. 4.1 Participating Companies agree to be subject to this Agreement by signing section 12 of the Agreement.
4.2 The Agreement is in effect for 5 years from the date of its signature by ECCC.
4.3 The term of Agreement may be extended with the written consent of the Participating Parties and ECCC.
4.4 This Agreement may be amended with the written consent the Participating Companies and ECCC.
4.5 A Participating Company may end its participation in this Agreement at any time, without cause and for their sole convenience, by providing at least three (3) month’s written notice to ECCC of its intention to terminate. The Agreement will then remain in effect for the remaining Participating Companies.
4.6 ECCC may terminate the Agreement with all or some of the Participating Companies without cause and at its sole convenience by providing at least three (3) month’s written notice of its intention to terminate.
4.7 In the event that a Participating Company no longer uses or releases chlorhexidine and its salts, it shall so inform ECCC, and that party’s responsibilities under this Agreement shall end. However, the Agreement will remain in effect for the remaining Participating Companies.
4.8 ECCC may amend the Agreement to add new Participating Companies without the consent of existing Participating Companies. The Agreement will become effective for the new Participating Company after signing section 12 of the Agreement.
Duration, Amendment and Termination. This Agreement shall become effective with respect to each Fund on the date first above written. With respect to any Additional Funds, provided the provisions of Section 1, Paragraph (b) have been complied with, this Agreement will become effective on the date on which the Agreement is approved in accordance with Section 15 of the 1940 Act. This Agreement, unless sooner terminated as provided herein, shall continue for each Fund for two (2) years following the effective date of this Agreement with respect to that Fund, if approved in accordance with Section 15 of the 1940 Act, and thereafter shall continue automatically for periods of one (1) year so long as such continuance is specifically approved at least annually (a) by the vote of a majority of those members of the Board of Trustees of the Investment Company who are not parties to this Agreement or interested persons (as defined in the 1940 Act) of any such party, cast in person at a meeting called for the purpose of voting such approval, and (b) by the Board of Trustees of the Investment Company or by vote of a majority of the outstanding voting securities of the Fund (as defined in the 1940 Act). This Agreement may be amended as to a Fund by the parties only if such amendment is specifically approved by (a) the vote of a majority of the outstanding voting securities of the Fund (as defined in the 1940 Act), and (b) a majority of those Trustees who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval, each as required by the 1940 Act. This Agreement may be terminated by the Manager, the Sub-Adviser, or the Investment Company on behalf of a Fund, at any time on sixty (60) days' written notice, without the payment of any penalty. Termination by the Investment Company on behalf of a Fund may be effected by vote of a majority of those members of the Board of Trustees who are not interested persons (as defined in the 1940 Act) of the Manager or the Investment Company, or by the vote of either the majority of the entire Board of Trustees of the Investment Company, or by vote of a majority of the outstanding voting securities of a Fund with respect to which the Agreement is being terminated. This Agreement will automatically and immediately terminate in the event of its assignment (as defined in the 1940 Act).