Duration and Termination of this Agreement. This Agreement shall become effective with respect to a Fund as of the date first above written and shall remain in force until April 30, 1998, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Board of Directors/Trustees of each Fund, or by the vote of a majority of the outstanding voting securities of the Fund, cast in person or by proxy, and (ii) a majority of those Directors/Trustees who are not parties to this Agreement or interested persons of any such party and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. This Agreement may be terminated at any time without the payment of any penalty, by the Directors/Trustees of a Fund, by a majority of the Directors/Trustees of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by vote of a majority of the outstanding voting securities of a Fund, or by the Distributor, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. The terms "vote of a majority of the outstanding voting securities," "assignment" and "interested person," when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 60 contracts
Samples: Distribution Agreement (Witter Dean World Wide Investment Trust), Distribution Agreement (Dean Witter Health Sciences Trust), Distribution Agreement (TCW Dw Total Return Trust)
Duration and Termination of this Agreement. This Agreement shall become effective with respect to a Fund as of the date first above written and shall remain in force until April 30, 19981999, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Board of Directors/Trustees of each Fund, or by the vote of a majority of the outstanding voting securities of the Fund, cast in person or by proxy, and (ii) a majority of those Directors/Trustees who are not parties to this Agreement or interested persons of any such party and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. This Agreement may be terminated at any time without the payment of any penalty, by the Directors/Trustees of a Fund, by a majority of the Directors/Trustees of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by vote of a majority of the outstanding voting securities of a Fund, or by the Distributor, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. The terms "vote of a majority of the outstanding voting securities," "assignment" and "interested person," when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 40 contracts
Samples: Distribution Agreement (Morgan Stanley Dean Witter Developing Growth Securities Trus), Distribution Agreement (TCW/Dw Small Cap Growth Fund), Distribution Agreement (Morgan Stanley Fundamental Value Fund)
Duration and Termination of this Agreement. This Agreement shall become effective with respect to a Fund as of the date first above written and shall remain in force until April 30, 1998, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Board of Directors/Trustees of each Fund, or by the vote of a majority of the outstanding voting securities of the Fund, cast in person or by proxy, and (ii) a majority of those Directors/Trustees who are not parties to this Agreement or interested persons of any such party and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. This Agreement may be terminated at any time without the payment of any penalty, by the Directors/Directors/ Trustees of a Fund, by a majority of the Directors/Trustees of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by vote of a majority of the outstanding voting securities of a Fund, or by the Distributor, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. The terms "vote of a majority of the outstanding voting securities," "assignment" and "interested person," when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 29 contracts
Samples: Distribution Agreement (Witter Dean New York Tax Free Income Fund), Distribution Agreement (Dean Witter Capital Appreciation Fund), Distribution Agreement (Dean Witter Global Dividend Growth Securities)
Duration and Termination of this Agreement. This Agreement shall become effective with respect to a Fund as of the date first above written and shall remain in force until April 30, 19981999, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Board of Directors/Trustees of each Fund, or by the vote of a majority of the outstanding voting securities of the Fund, cast in person or by proxy, and (ii) a majority of those Directors/Directors/ Trustees who are not parties to this Agreement or interested persons of any such party and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. This Agreement may be terminated at any time without the payment of any penalty, by the Directors/Directors/ Trustees of a Fund, by a majority of the Directors/Trustees of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by vote of a majority of the outstanding voting securities of a Fund, or by the Distributor, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. The terms "vote of a majority of the outstanding voting securities," "assignment" and "interested person," when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 15 contracts
Samples: Distribution Agreement (Morgan Stanley Dean Witter Strategist Fund), Distribution Agreement (Morgan Stanley Dean Witter Fund of Funds), Distribution Agreement (Morgan Stanley Dean Witter Value Added Market Series)
Duration and Termination of this Agreement. (a) This Agreement unless sooner terminated as provided herein, shall become effective continue in effect with respect to a Fund as for a period of up to one year from the effective date hereof (except with respect to any Fund added to Schedule A of this Agreement after the date first above written and shall remain in force until April 30hereof, 1998, for an initial period of two years from the date that such Fund is added) and thereafter, but only so long as provided such continuance is specifically approved at least annually by (i) either the Board of Directors/Trustees of each Fund, Fund or by the vote of a majority of the outstanding voting securities of the each Fund, cast in person or by proxy, and (ii) a majority of those Directors/Trustees who are not parties to this Agreement Agreement, or interested persons of any such party party, and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's ’s Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. .
(b) This Agreement may be terminated at any time time, without the payment of any penalty, by (i) the Board of Directors/Trustees of a Fund, by (ii) a majority of the Directors/Trustees of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by (iii) the vote of a majority of the outstanding voting securities of a each Fund, cast in person or by proxy, or (iv) the Distributor, on sixty days' ’ written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. .
(c) The terms "“vote of a majority of the outstanding voting securities," "” “assignment" ” and "“interested person," ” when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 7 contracts
Samples: Distribution Agreement (Morgan Stanley Insight Fund), Distribution Agreement (Morgan Stanley Tax Free Daily Income Trust), Distribution Agreement (Morgan Stanley Mortgage Securities Trust)
Duration and Termination of this Agreement. (a) This Agreement shall become effective with respect to a Fund as of the date first above written and shall remain in force until April 30, 19981999, and shall continue in force thereafter, but only so long as such continuance is specifically approved at least annually by (i) either the Board of Directors/Trustees of each Fund, Fund or by the vote of a majority of the outstanding voting securities of the each Fund, cast in person or by proxy, and (ii) a majority of those Directors/Trustees who are not parties to this Agreement Agreement, or interested persons of any such party party, and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. .
(b) This Agreement may be terminated at any time time, without the payment of any penalty, by (i) the Board of Directors/Trustees of a Fund, by (ii) a majority of the Directors/Trustees Trustees
of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by (iii) the vote of a majority of the outstanding voting securities of a each Fund, cast in person or by proxy, or (iv) the Distributor, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. .
(c) The terms "vote of a majority of the outstanding voting securities," "assignment" and "interested person," when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 4 contracts
Samples: Distribution Agreement (Morgan Stanley FX Series Funds), Distribution Agreement (Morgan Stanley Series Funds), Distribution Agreement (Morgan Stanley Small Mid Special Value Fund)
Duration and Termination of this Agreement. (a) This Agreement shall become effective with respect to a Fund as of the date first above written and shall remain in force until April 30, 19981999, and shall continue in force thereafter, but only so long as such continuance is specifically approved at least annually by (i) either the Board of Directors/Trustees of each Fund, Fund or by the vote of a majority of the outstanding voting securities of the each Fund, cast in person or by proxy, and (ii) a majority of those Directors/Trustees who are not parties to this Agreement Agreement, or interested persons of any such party party, and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. .
(b) This Agreement may be terminated at any time time, without the payment of any penalty, by (i) the Board of Directors/Trustees of a Fund, by (ii) a majority of the Directors/Trustees of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by (iii) the vote of a majority of the outstanding voting securities of a each Fund, cast in person or by proxy, or (iv) the Distributor, on sixty days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. .
(c) The terms "vote of a majority of the outstanding voting securities," "assignment" and "interested person," when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 3 contracts
Samples: Distribution Agreement (Morgan Stanley Series Funds), Distribution Agreement (Morgan Stanley Series Funds), Distribution Agreement (Morgan Stanley Series Funds)
Duration and Termination of this Agreement. (a) This Agreement shall become effective with respect to a Fund as of the date first above written and shall remain in force until April 30, 19981999, and shall continue in force thereafter, but only so long as such continuance is specifically approved at least annually by (i) either the Board of Directors/Trustees of each Fund, Fund or by the vote of a majority of the outstanding voting securities of the each Fund, cast in person or by proxy, and (ii) a majority of those Directors/Trustees who are not parties to this Agreement Agreement, or interested persons of any such party party, and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's ’s Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. .
(b) This Agreement may be terminated at any time time, without the payment of any penalty, by (i) the Board of Directors/Trustees of a Fund, by (ii) a majority of the Directors/Trustees Trustees
of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by (iii) the vote of a majority of the outstanding voting securities of a each Fund, cast in person or by proxy, or (iv) the Distributor, on sixty days' ’ written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. .
(c) The terms "“vote of a majority of the outstanding voting securities," "” “assignment" ” and "“interested person," ” when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 1 contract
Samples: Distribution Agreement (Morgan Stanley Income Trust)
Duration and Termination of this Agreement. (a) This Agreement shall become effective with respect to a Fund as of the date first above written and shall remain in force until April 30, 19981999, and shall continue in force thereafter, but only so long as such continuance is specifically approved at least annually by (i) either the Board of Directors/Trustees of each Fund, Fund or by the vote of a majority of the outstanding voting securities of the each Fund, cast in person or by proxy, and (ii) a majority of those Directors/Trustees who are not parties to this Agreement Agreement, or interested persons of any such party party, and who have no direct or indirect financial interest in this Agreement or in the operation of the Fund's ’s Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting called for the purpose of voting upon such approval. .
(b) This Agreement may be terminated at any time time, without the payment of any penalty, by (i) the Board of Directors/Trustees of a Fund, by (ii) a majority of the Directors/Trustees of a Fund who are not interested persons of the Fund and who have no direct or indirect financial interest in this Agreement, or by (iii) the vote of a majority of the outstanding voting securities of a each Fund, cast in person or by proxy, or (iv) the Distributor, on sixty days' ’ written notice to the other party. This Agreement shall automatically terminate in the event of its assignment. .
(c) The terms "“vote of a majority of the outstanding voting securities," "” “assignment" ” and "“interested person," ” when used in this Agreement, shall have the respective meanings specified in the 1940 Act.
Appears in 1 contract
Samples: Distribution Agreement (Morgan Stanley LTD Duration Us Government Trust)