Common use of Effective Date and Term of Agreement Clause in Contracts

Effective Date and Term of Agreement. This Agreement shall become effective for all purposes on the date the Fund commences investment operations, and shall continue in effect for two years from such date. Thereafter, this Agreement shall continue in effect from year to year, provided that each such continuance is approved by the Board, including the vote of a majority of the Directors who are not “interested persons” of the Fund as defined by the 1940 Act and the rules thereunder.

Appears in 8 contracts

Samples: Placement Agency Agreement (NB Crossroads Private Markets Fund VII LP), Placement Agency Agreement (NB Crossroads Private Markets Fund VI Custody LP), Placement Agency Agreement (NB Crossroads Private Markets Fund VI Advisory LP)

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Effective Date and Term of Agreement. This Agreement shall become effective for all purposes on as of the date the Fund commences investment operations, hereof and shall continue remain in effect for two years an initial term of one year from such date. Thereafter, this Agreement shall continue in effect from year to year, provided that each such continuance is approved by the BoardManagers of the Fund, including the vote of a majority of the Directors Managers who are not "interested persons” of the Fund ," as defined by the Investment Company Act of 1940, as amended (the "1940 Act and Act"). The Fund shall notify promptly the rules thereunderAgent if the continuance of this Agreement has not been so approved by the Managers.

Appears in 2 contracts

Samples: Torrey Us Strategy Partners LLC, Torrey International Strategy Partners LLC

Effective Date and Term of Agreement. This Agreement shall become effective for all purposes on the date the Fund commences investment operations, and shall continue in effect for two years from such date. Thereafter, this Agreement shall continue in effect from year to year, provided that each such continuance is approved by the Fund's Board, including the vote of a majority of the Directors who are not "interested persons" of the Fund as defined by the 1940 Act and the rules thereunder.

Appears in 2 contracts

Samples: Placement Agency Agreement (CPG Focused Access Fund, LLC), Placement Agency Agreement (CPG Carlyle Fund, LLC)

Effective Date and Term of Agreement. This Agreement shall become effective for all purposes on the date the Fund commences investment operations, and shall continue in effect for two years from such date. Thereafter, this Agreement shall continue in effect from year to year, provided that each such continuance is approved by the Board, including the vote of a majority of the Directors Managers who are not “interested persons” of the Fund as defined by the 1940 Act and the rules thereunder.

Appears in 2 contracts

Samples: Nb Crossroads (NB Crossroads Private Markets Fund IV (TI) - Client LLC), Nb Crossroads Private Markets (NB Crossroads Private Markets Fund IV (TE) - Client LLC)

Effective Date and Term of Agreement. This Agreement shall become effective for all purposes on as of the date the Fund commences investment operationsfirst noted above, and shall continue remain in effect for an initial term of two years from such date. Thereafter, this Agreement shall continue in effect from year to year, provided that each such continuance is approved by the Fund's Board, including the vote of a majority of the Directors who are not "interested persons" of the Fund as defined by the 1940 Act and the rules thereunder.

Appears in 1 contract

Samples: A&Q Long/Short Strategies Fund LLC

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Effective Date and Term of Agreement. This Agreement shall become effective for all purposes on the date the Fund commences investment operations, and shall continue in effect for two years from such date. Thereafter, this Agreement shall continue in effect from year to year, provided that each such continuance is approved annually by (i) the Fund's Board, including the vote of a majority of the Directors who are not "interested persons" of the Fund (as defined by the 1000 Xxx) or (ii) the vote of a majority of the outstanding voting securities of the Fund, in accordance with Section 15 of the 1940 Act and the rules thereunderAct.

Appears in 1 contract

Samples: Distribution Agreement (CPG Cooper Square International Equity, LLC)

Effective Date and Term of Agreement. This Agreement shall become effective for all purposes on as of the date the Fund commences investment operationsfirst noted above, and shall continue remain in effect for an initial term of two years from such date. Thereafter, this Agreement shall continue in effect from year to year, provided that each such continuance is approved by the Fund's Board, including the vote of a majority of the Directors Trustees who are not "interested persons" of the Fund as defined by the 1940 Act and the rules thereunder.

Appears in 1 contract

Samples: A&Q Multi-Strategy Fund

Effective Date and Term of Agreement. This Agreement shall will become effective for all purposes on the date the Fund commences investment operations, and shall continue remain in effect for an initial term of two years from such date. Thereafter, this Agreement shall continue in effect from year to year, provided that each such continuance is approved by the Fund's Board, including the vote of a majority of the Directors Trustees who are not "interested persons" of the Fund as defined by the 1940 Act and the rules thereunder.

Appears in 1 contract

Samples: A&Q Masters Fund

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