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

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective 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 Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board, or (ii) the vote of a “majority of the outstanding voting securities” of Fund, and provided that in either event, the continuance is also approved by a majority of the Board who are not “interested persons” of any party to this Agreement.

Appears in 3 contracts

Samples: Services Agreement (SCS Hedged Opportunities (1099) Fund, LLC), Services Agreement (SCS Hedged Opportunities Fund, LLC), Distribution Agreement (South Point Floating Rate Income Fund)

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Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective 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 Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Fund’s Board, 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 Fund’s Board who are not “interested persons” 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: Distribution Agreement (Greenspring Fund Inc), Distribution Agreement (Greenspring Fund Inc)

Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective 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 Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the BoardBoard 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 Board of Trustees who are not "interested persons" 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 (Brandes Investment Trust)

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 hereofuntil October 31, 2009. 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 Company’s Board, 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 Company’s Board who are not “interested persons” 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 (Glenmede Fund Inc)

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Term of Agreement; Amendment; Assignment. A. This Agreement shall become effective 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 Fund the Company for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board, or (ii) the vote of a “majority of the outstanding voting securities” of Fundthe Company, 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” 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 (Jensen Quality Growth Fund Inc)

Term of Agreement; Amendment; Assignment. A. a. This Agreement shall become effective 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 Fund the Company for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Board, or (ii) the vote of a “majority of the outstanding voting securities” of Fundthe Company, 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” 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 (Jensen Quality Growth Fund Inc)

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