Common use of Amendment or Assignment Clause in Contracts

Amendment or Assignment. This Agreement may be amended with respect to a Portfolio only if such amendment is specifically approved by (i) the vote of the outstanding voting securities of such Portfolio and (ii) a majority of the Trustees, including a majority of those Trustees who are not parties to this Agreement or interested persons of such party, cast in person at a meeting called for the purpose of voting on such approval, provided that this Agreement may be amended to add a new Portfolio or delete an existing Portfolio without a vote of the shareholders of any other Portfolio covered by this Agreement. This Agreement shall automatically and immediately terminate in the event of its assignment, as that term is defined in the 1940 Act and the rules thereunder provided.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Premier Vit), Investment Advisory Agreement (Occ Accumulation Trust)

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Amendment or Assignment. This Agreement may be amended with respect to a Portfolio only if such amendment is specifically approved by (i) the vote of the outstanding voting securities of such Portfolio and (ii) a majority of the Trustees, including a majority of those Trustees who are not parties to this Agreement or interested persons of such party, cast in person at a meeting called for the purpose of voting on such approval, provided that this Agreement may be amended to add a new Portfolio or delete an existing Portfolio without a vote of the shareholders of any other Portfolio covered by this Agreement. This Agreement shall automatically and immediately terminate in the event of its assignment, as that term is defined in the 1940 Act and the rules thereunder providedthereunder.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Occ Accumulation Trust), Investment Advisory Agreement (Occ Accumulation Trust)

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Amendment or Assignment. This Agreement may be amended with respect to a Portfolio only if such amendment is specifically approved by (i) the vote of the outstanding voting securities of such Portfolio and (ii) a majority of the Trustees, including a majority of those Trustees who are not parties to this Agreement or interested persons of such party, cast in person at a meeting called for the purpose of voting on such approval, provided that this Agreement may be amended to add a new Portfolio or delete an existing Portfolio without a vote of the of shareholders of any other Portfolio covered by this Agreement. This Agreement shall automatically and immediately terminate in the event of its assignment, as that term is defined in the 1940 Act and the rules thereunder providedthereunder.

Appears in 1 contract

Samples: Investment Advisory Agreement (Occ Accumulation Trust)

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