Common use of Bankruptcy Clause in Contracts

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 221 contracts

Samples: Transfer Agency and Service Agreement (Allspring Funds Trust), Transfer Agency and Service Agreement (Allspring Variable Trust), Transfer Agency and Service Agreement (Allspring Funds Trust)

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Bankruptcy. Either party hereto may terminate this This Agreement shall terminate, (a) by notice to by the other party, effective at any time specified therein, notifying party in the event that (a) the other party ceases to carry on its business or (b) immediately, without further action by a party, in the event that an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 122 contracts

Samples: Transfer Agency and Service Agreement (Federated Hermes Core Trust III), Transfer Agency and Service Agreement (Federated Hermes High Income Bond Fund, Inc.), Transfer Agency and Service Agreement (Federated Hermes Municipal Bond Fund, Inc.)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty sixty (3060) days.

Appears in 110 contracts

Samples: Transfer Agency and Service Agreement, Transfer Agency and Service Agreement (Nuveen Credit Opportunities 2022 Target Term Fund), Transfer Agency and Service Agreement (Nuveen Preferred & Income 2022 Term Fund)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) daysdays and (where the Fund is the subject of such action), the Fund is unable to meet its payment obligations hereunder.

Appears in 35 contracts

Samples: Transfer Agency and Service Agreement (Morgan Stanley Institutional Fund Inc), Transfer Agency and Service Agreement (Morgan Stanley Institutional Fund Inc), Transfer Agency and Service Agreement (Morgan Stanley Institutional Fund Inc)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, immediately or effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 17 contracts

Samples: Transfer Agency and Service Agreement, Transfer Agency and Service Agreement (Schwab Strategic Trust), Transfer Agency and Service Agreement (PIMCO Equity Series)

Bankruptcy. Either party Party hereto may terminate this Agreement by notice to the other partyParty, effective at any time specified therein, in the event that (a) the other party Party ceases to carry on its business or (b) an action is commenced by or against the other party Party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party Party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 6 contracts

Samples: Transfer Agency and Service Agreement, Transfer Agency and Service Agreement (AARP Funds), Transfer Agency and Service Agreement (AARP Funds)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 2 contracts

Samples: Transfer Agency and Service Agreement (Strong Income Funds Ii Inc), Transfer Agency and Service Agreement (Strong Short Term Municipal Bond Fund Inc)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.. Pyxis 19

Appears in 2 contracts

Samples: Transfer Agency and Service Agreement (Highland Global Allocation Fund), Transfer Agency and Service Agreement (Highland Global Allocation Fund Ii)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 1 1 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 2 contracts

Samples: Transfer Agency and Service Agreement, Transfer Agency and Service Agreement (Highland Funds I)

Bankruptcy. Either Any party hereto may terminate this Agreement by notice to the other partyparties, effective at any time specified therein, in the event that (a) the other any party ceases to carry on its business or (b) an action is commenced by or against the other any party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other a party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 2 contracts

Samples: Transfer Agency, Sub Transfer Agency and Service Agreement, Transfer Agency Agreement (Marshall Funds Inc)

Bankruptcy. Either Notwithstanding anything else in this Agreement, either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Harding Loevner Funds Inc)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) calendar days.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Credit Suisse Commodity Return Strategy Fund)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.. 11.7

Appears in 1 contract

Samples: Master Transfer Agency and Service Agreement (American Beacon Apollo Total Return Fund)

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Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) daysdays or such other time period as agreed to by the parties.

Appears in 1 contract

Samples: Sub Transfer Agency and Service Agreement (American Skandia Advisor Funds Inc)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business business, or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Advisors Inner Circle Fund)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 II of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Homestead Funds Inc)

Bankruptcy. Either party hereto may This Agreement shall terminate this Agreement (i) by notice to the other party, effective at any time specified therein, in party that the event that (a) the other notifying party ceases to carry on its business or (bii) immediately, without further action by a party, in the event that an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 1 contract

Samples: Services Agreement (Institutional Investment Strategy Fund)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is 15 appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Icon Funds)

Bankruptcy. Either party hereto may terminate this Agreement without penalty by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.

Appears in 1 contract

Samples: Transfer, Dividend Disbursing and Shareholders’ Servicing Agent Agreement (BofA Funds Series Trust)

Bankruptcy. Either party hereto may terminate this Agreement by notice to the other party, effective at any time specified therein, in the event that (a) the other party ceases to carry on its business or (b) an action is commenced by or against the other party under Title 11 of the United States Code or a receiver, conservator or similar officer is appointed for the other party and such suit, conservatorship or receivership is not discharged within thirty (30) days.. PAX WORLD MUTUAL FUNDS 21

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Pax World Funds Series Trust I)

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