Common use of Term of Agreement; Amendment; Assignment Clause in Contracts

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereof. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of Trustees, or (ii) the vote of a “majority of the outstanding voting securities” of the Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Board who are not “interested persons” (as defined in the 0000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 3 contracts

Samples: Stone Ridge Trust V (Stone Ridge Trust V), Stone Ridge Trust Iv (Stone Ridge Trust IV), Distribution Agreement (Stone Ridge Trust V)

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Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereof. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of Trustees, or (ii) the vote of a “majority of the outstanding voting securities” of the Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Board who are not “interested persons” (as defined in the 0000 1000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 2 contracts

Samples: Stone Ridge Trust Iii (Stone Ridge Trust III), Stone Ridge Trust Ii (Stone Ridge Trust II)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereof. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years one year from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of TrusteesFund’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of the a Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Fund’s Board who are not “interested persons” (as defined in the 0000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Barrett Opportunity Fund, Inc.)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the each Fund hereof as of the date hereof. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the each Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of TrusteesTrust’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of the a Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Trust’s Board who are not “interested persons” (as defined in the 0000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Brown Advisory Funds)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereof. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of TrusteesTrust’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of the a Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Trust’s Board who are not “interested persons” (as defined in the 0000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Trust for Professional Managers)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereoffirst written above. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the each Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of TrusteesFund’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of the a Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Fund’s Board who are not “interested persons” (as defined in the 0000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Cushing MLP Infrastructure Fund II)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereofexecuted above. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of TrusteesFund’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of the a Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Fund’s Board who are not “interested persons” (as defined in the 0000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (RiverNorth Marketplace Lending Corp)

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Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereofthe Fund begins operations. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of TrusteesBoard, or (ii) the vote of a “majority of the outstanding voting securities” (as that term is defined in the 1000 Xxx) of the Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Board who are not “interested persons” (as defined in the 0000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Angel Oak Strategic Credit Fund)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereofthe Fund begins operations. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of TrusteesBoard, or (ii) the vote of a “majority of the outstanding voting securities” (as that term is defined in the 0000 Xxx) of the Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Board who are not “interested persons” (as defined in the 0000 Xxx) of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Distribution Agreement (Angel Oak Strategic Credit Fund)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective with respect to the Fund as of the date hereofthe Fund begins operations. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to the Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board of TrusteesBoard, or (ii) the vote of a "majority of the outstanding voting securities" (as that term is defined in the 0000 Xxx) of the Fund, and provided that in either event, the continuance is also approved by a majority of the members of the Board who are not "interested persons” (as defined in the 0000 Xxx) " of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval.

Appears in 1 contract

Samples: Form of Distribution Agreement (USQ Core Real Estate Fund)

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