Common use of Effective Date Duration and Renewal Clause in Contracts

Effective Date Duration and Renewal. This agreement shall become effective on November 1, 2001. Unless terminated as provided in Section 13, this agreement shall continue in effect as to a Fund until July 31, 2003 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of Liberty Acorn or of Liberty WAM, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a "majority of the outstanding shares" of that Fund (which term as used throughout this agreement shall be construed in accordance with the definition of "vote of a majority of the outstanding voting securities of a company" in section 2(a)(42) of the 1940 Act).

Appears in 2 contracts

Samples: Investment Advisory Agreement (Liberty Acorn Trust), Investment Advisory Agreement (Liberty Acorn Trust)

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Effective Date Duration and Renewal. This agreement shall become effective on November 1December __, 20011998. Unless terminated as provided in Section 1311, this agreement shall continue in effect as to a Fund until July 31December __, 2003 2000 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of Liberty Acorn PPMA Funds or of Liberty WAMPPMA, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a "majority of the outstanding shares" of that Fund (which term as used throughout this agreement shall be construed in accordance with the definition of "vote of a majority of the outstanding voting securities of a company" in section 2(a)(42) of the 1940 Act).

Appears in 2 contracts

Samples: PPM America Funds, PPM America Funds

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Effective Date Duration and Renewal. This agreement shall become effective on November 1September ___, 20012005. Unless terminated as provided in Section 13, this agreement shall continue in effect as to a Fund until July 31, 2003 2006 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of Liberty Columbia Acorn or of Liberty Columbia WAM, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a "majority of the outstanding shares" of that Fund (which term as used throughout this agreement shall be construed in accordance with the definition of "vote of a majority of the outstanding voting securities of a company" in section 2(a)(42) of the 1940 Act).

Appears in 1 contract

Samples: Investment Advisory Agreement (Columbia Acorn Trust)

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