ASSIGNMENT AND TERMINATION OF AGREEMENT. This Agreement shall automatically terminate in the event of its assignment and may be terminated at any time without the payment of any penalty by any Trust or by the Distributor on 60 days’ written notice to the other party. Any Trust may effect such termination by a vote of (i) a majority of the Trust’s Board of Trustees, (ii) a majority of the Independent Trustees, or (iii) a majority of the outstanding voting securities of the Trust.
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Samples: Distribution Agreement, Distribution Agreement (Carillon Series Trust), Distribution Agreement (Eagle Capital Appreciation Fund)
ASSIGNMENT AND TERMINATION OF AGREEMENT. This Agreement shall automatically terminate in the event of its assignment and may be terminated at any time without the payment of any penalty by any the Trust or by the Distributor on 60 days’ ' written notice to the other party. Any The Trust may effect such termination by a vote of (i) a majority of the Trust’s 's Board of Trustees, (ii) a majority of the Independent Trustees, or (iii) a majority of the outstanding voting securities of the Trust.
Appears in 2 contracts
Samples: Distribution Agreement (Heritage Income Trust), Distribution Agreement (Heritage Cash Trust)
ASSIGNMENT AND TERMINATION OF AGREEMENT. This Agreement shall automatically terminate in the event of its assignment and may be terminated at any time without the payment of any penalty by any Trust or by the Distributor on 60 days’ ' written notice to the other party. Any Trust may effect such termination by a vote of (i) a majority of the Trust’s 's Board of Trustees, (ii) a majority of the Independent Trustees, or (iii) a majority of the outstanding voting securities of the Trust.
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ASSIGNMENT AND TERMINATION OF AGREEMENT. This Agreement shall automatically terminate in the event of its assignment and may be terminated at any time without the payment of any penalty by any Trust or by the Distributor on 60 days’ written notice to the other party. Any Trust may effect such termination by a vote of (i) a majority of the Trust’s Board of Trustees, (ii) a majority of the Independent Trustees, or (iii) a majority of the outstanding voting securities of the Trust. 22.
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