Amendment or Assignment of Agreement. Any amendment to this Agreement shall be in writing signed by the parties hereto; provided, that no such amendment shall be effective unless authorized on behalf of any Portfolio (i) by resolution of the Trustees, including the vote or written consent of a majority of the Disinterested Trustees, or (ii) by vote of a majority of the outstanding voting securities of the Class I Shares of such Portfolio. This Agreement shall terminate automatically and immediately in the event of its assignment; provided, that with the consent of a Portfolio, the Administrator may subcontract to another person any of its responsibilities with respect to such Portfolio.
Appears in 3 contracts
Samples: Administration Agreement (Neuberger Berman Advisers Management Trust), Administration Agreement (Neuberger Berman Advisers Management Trust), Administration Agreement (Neuberger Berman Advisers Management Trust)
Amendment or Assignment of Agreement. Any amendment to this Agreement shall be in writing signed by the parties hereto; provided, that no such amendment shall be effective unless authorized on behalf of any Portfolio (i) by resolution of the Trustees, including the vote or written consent of a majority of the Disinterested Trustees, or (ii) by vote of a majority of the outstanding voting securities of the Class I S Shares of such Portfolio. This Agreement shall terminate automatically and immediately in the event of its assignment; provided, that with the consent of a Portfolio, the Administrator may subcontract to another person any of its responsibilities with respect to such Portfolio.
Appears in 3 contracts
Samples: Administration Agreement (Neuberger Berman Advisers Management Trust), Administration Agreement (Neuberger Berman Advisers Management Trust), Administration Agreement (Neuberger Berman Advisers Management Trust)
Amendment or Assignment of Agreement. Any amendment to this Agreement shall be in writing signed by the parties hereto; providedPROVIDED, that no such amendment shall be effective unless authorized on behalf of any Portfolio (i) by resolution of the Trustees, including the vote or written consent of a majority of the Disinterested Trustees, or (ii) by vote of a majority of the outstanding voting securities of the applicable Class I Shares of such Portfolio. This Agreement shall terminate automatically and immediately in the event of its assignment; provided, that with the consent of a Portfolio, the Administrator which may be general or specific, NBMI may subcontract to another person any of its responsibilities with respect to such Portfolio.
Appears in 2 contracts
Samples: Shareholder Servicing Agreement (Lehman Brothers Institutional Liquidity Funds), Shareholder Servicing Agreement (Lehman Brothers Institutional Liquidity Funds)