FIFTHTEENTH definition

FIFTHTEENTH. This Plan and Agreement shall become effective as of the date hereof, shall continue in force and effect until August 23, 2001, and shall continue in force and effect from year to year thereafter, provided that such continuance is specifically approved at least annually (a)(i) by the Board of Directors of the Company or (ii) by the vote of a majority of the Funds' outstanding voting securities of Class B Shares (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's directors who are not parties to this Plan and Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 Act) of any party to this Plan a▇▇ ▇▇▇▇ement cast in person at a meeting called for such purpose. Any amendment to this Plan and Agreement that requires the approval of the shareholders of Class B Shares pursuant to Rule 12b-1 under the 1940 Act shall become effective as to such Class B Shares upon the approval of such amendment by a "majority of the outstanding voting securities" (as defined in the 1940 Act) of such Class B Shares, pro▇▇▇▇▇ ▇▇at the Board of Directors of the Company has approved such amendment.
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FIFTHTEENTH. The Firm's negligent discharge or abandonment of the duties assigned hereunder or the breach of the confid,mtiality clause hereinabove shall constitute a breach of this Agreement by the Firm and the Bank will be entitled to terminate this Agreement forthwith, without having to comply with the requirements of notice set forth in the SECOND Clause, without limitations of any other rights and remedies under law and will release and discharge the Bank from any further obligations and liabilities hereunder.
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Examples of FIFTHTEENTH in a sentence

  • FIFTHTEENTH: Except as modified by this Agreement, the Lease and all covenants, agreements, terms and conditions shall remain in full force and effect and are hereby in all respects ratified and confirmed and shall be binding upon the parties hereto and their respective successors and assigns.

  • If rent is not received on or before the FIFTHTEENTH day of the month in which rent is due, Tenant(s) agrees to pay an additional late charge in the amount of $50.00 ($75.00 + $50.00 = $125.00).

  • FIFTHTEENTH: Accounting Procedures and Permits: The Contractor shall adhere to written accounting procedures established by the Administrator.

  • FIFTHTEENTH: MODIFICATIONS: Modifications to the terms of the current Agreement will be considered binding and valid for the Parties if made by Addendum and in written form.