Common use of Bankruptcy and Related Events Clause in Contracts

Bankruptcy and Related Events. Each of the Adviser and the Subadviser agrees that it will provide prompt notice to the other in the event that: (i) it makes an assignment for the benefit of creditors, files a voluntary petition in bankruptcy, or is otherwise adjudged bankrupt or insolvent by a court of competent jurisdiction; or (ii) a material event occurs that could reasonably be expected to adversely impair its ability to perform this Agreement. The Adviser further agrees that it will provide prompt notice to the Subadviser in the event that the Fund ceases to be registered as an investment company under the Act. [signature page follows] By: Name: Gxxxxx X. Xxxxxxx Title: President By: Name: Fxxxxxx X. Xxxxxxx Title: Executive Vice President Name: Mxxxxxx Xxxxxxxxx Title: Chief Operating Officer SCHEDULES: A. Operational Procedures

Appears in 2 contracts

Samples: Subadvisory Agreement (Virtus Global Dividend & Income Fund Inc.), Subadvisory Agreement (Zweig Fund Inc /Md/)

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Bankruptcy and Related Events. Each of the Adviser and the Subadviser agrees that it will provide prompt notice to the other in the event that: (i) it makes an assignment for the benefit of creditors, files a voluntary petition in bankruptcy, or is otherwise adjudged bankrupt or insolvent by a court of competent jurisdiction; or (ii) a material event occurs that could reasonably be expected to adversely impair its ability to perform this Agreement. The Adviser further agrees that it will provide prompt notice to the Subadviser in the event that the Fund ceases to be registered as an investment company under the Act. [signature page follows] By: Name: Gxxxxx X. Xxxxxxx Title: President By: Name: Fxxxxxx X. Xxxxxxx Title: Executive Vice President Name: Mxxxxxx Xxxxxxxxx Jxxxxxxx Xxxxxx Title: Chief Operating Officer SCHEDULES: A. Operational Procedures

Appears in 1 contract

Samples: Subadvisory Agreement (Virtus Global Dividend & Income Fund Inc.)

Bankruptcy and Related Events. Each of the Adviser and the Subadviser agrees that it will provide prompt notice to the other in the event that: (i) it makes an assignment for the benefit of creditors, files a voluntary petition in bankruptcy, or is otherwise adjudged bankrupt or insolvent by a court of competent jurisdiction; or (ii) a material event occurs that could reasonably be expected to adversely impair its ability to perform this Agreement. The Adviser further agrees that it will provide prompt notice to the Subadviser in the event that the Fund ceases to be registered as an investment company under the Act. [signature page follows] By: Name: Gxxxxx X. Xxxxxxx Title: President By: Name: Fxxxxxx X. Xxxxxxx Title: Executive Vice President Name: Mxxxxxx Xxxxxxxxx Title: Chief Operating Officer SCHEDULES: A. Operational Procedures

Appears in 1 contract

Samples: Subadvisory Agreement (Virtus Global Dividend & Income Fund Inc.)

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Bankruptcy and Related Events. Each of the Adviser and the Subadviser agrees that it will provide prompt notice to the other in the event that: (i) it makes an assignment for the benefit of creditors, files a voluntary petition in bankruptcy, or is otherwise adjudged bankrupt or insolvent by a court of competent jurisdiction; or (ii) a material event occurs that could reasonably be expected to adversely impair its ability to perform this Agreement. The Adviser further agrees that it will provide prompt notice to the Subadviser in the event that the Fund ceases to be registered as an investment company under the Act. [signature page follows] By: Name: Gxxxxx X. Xxxxxxx Title: President By: Name: Fxxxxxx X. Xxxxxxx Title: Executive Vice President Name: Mxxxxxx Xxxxxxxxx Nxxxxx Xxxxxxx Title: President and Chief Operating Investment Officer SCHEDULES: A. Operational Procedures

Appears in 1 contract

Samples: Subadvisory Agreement (Zweig Fund Inc /Md/)

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