Common use of Amendment or Assignment of Agreement Clause in Contracts

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 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)

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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 S 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)

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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 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 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)

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