Common use of Amendment and Assignment of Agreement Clause in Contracts

Amendment and Assignment of Agreement. Any amendment to this Agreement shall be in writing and signed by the parties hereto; provided, that no material amendment shall be effective unless authorized by a resolution of the Board of Directors of the Fund or by a vote of a majority of the outstanding voting securities of the Fund or, in the case of an amendment to this Agreement with respect to a particular Portfolio, by a resolution of the Board of Directors of the Fund or by a vote of a majority of the outstanding voting securities of such Portfolio. The assignment (as that term is defined in Section 2(a)(4) of the 1940 Act and rules thereunder) of this Agreement or any rights or obligations thereunder shall be prohibited by either party without the written consent of the other party. This Agreement shall inure to the benefit of and be binding upon the parties and their respected permitted successors and assigns.

Appears in 5 contracts

Samples: Sub Administrative Services Agreement (PBHG Insurance Series Fund Inc), Sub Administrative Services Agreement (PBHG Funds Inc /), Sub Administrative Services Agreement (PBHG Funds Inc /)

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Amendment and Assignment of Agreement. Any amendment to this Agreement shall be in writing and signed by the parties hereto; provided, that no material amendment shall be effective unless authorized by a resolution of the Board of Directors of the Fund Company or by a vote of a majority of the outstanding voting securities of the Fund Company or, in the case of an amendment to this Agreement with respect to a particular PortfolioFund, by a resolution of the Board of Directors of the Fund Company or by a vote of a majority of the outstanding voting securities of such PortfolioFund. The assignment (as that term is defined in Section 2(a)(4) of the 1940 Act and rules thereunder) of this Agreement or any rights or obligations thereunder shall be prohibited by either party without the written consent of the other party. This Agreement shall inure to the benefit of and be binding upon the parties and their respected permitted successors and assigns.

Appears in 2 contracts

Samples: Sub Administrative Services Agreement (PBHG Advisor Funds Inc), Sub Administrative Services Agreement (PBHG Advisor Funds Inc)

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