Common use of Duration and Termination of this Contract Clause in Contracts

Duration and Termination of this Contract. This Contract shall become effective upon the date of its execution, and, unless terminated as herein provided, shall remain in full force and effect as to each Fund up to and including February 28, 2000 and shall continue in full force and effect as to each Fund indefinitely thereafter, but only so long as such continuance after February 28, 2000 is specifically approved at least annually (i) by the vote of a majority of the Trustees of the Trust or by vote of a majority of the outstanding voting securities of that Fund and (ii) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or the Trust, in accordance with the requirements of the Investment Company Act of 1940 as now in effect or as hereafter amended, subject, however, to such exemptions as may be granted by the Securities and Exchange Commission by any rule, regulation, order or interpretive position. Either party hereto may, at any time on sixty (60) days' prior written notice to the other, terminate this Contract as to any Fund, without the payment of any penalty, by action of its Board of Directors or Trustees, as the case may be, and a Trust may, at any time upon such written notice to the Adviser, terminate this Contract as to any Fund by vote of a majority of the outstanding voting securities of that Fund. This Contract shall terminate automatically in the event of its assignment.

Appears in 3 contracts

Samples: Investment Advisory Contract (Wright Equifund Equity Trust), Investment Advisory Contract (Wright Asset Allocation Trust), Investment Advisory Contract (Catholic Values Investment Trust)

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Duration and Termination of this Contract. This Contract shall become effective upon the date of its execution, and, unless terminated as herein provided, shall remain in full force and effect as to each Fund up to and including February 28March 31, 2000 2014 and shall continue in full force and effect as to each Trust and Fund indefinitely thereafter, but only so long as such continuance after February 28March 31, 2000 2014 is specifically approved at least annually (i) by the vote of a majority of the Trustees of the Trust or by vote of a majority of the outstanding voting securities of that Fund and (ii) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or the Trust, in accordance with the requirements of the Investment Company Act of 1940 as now in effect or as hereafter amended, subject, however, to such exemptions as may be granted by the Securities and Exchange Commission by any rule, regulation, order or interpretive positionposition (together the "1940 Act"). Either party hereto may, at any time on sixty (60) days' prior written notice to the other, terminate this Contract as to any Fund, without the payment of any penalty, by action of its Board of Directors or Trustees, as the case may be, and a Trust may, at any time upon such written notice to the Adviser, terminate this Contract as to any Fund by vote of a majority of the outstanding voting securities of that Fund. This Contract shall terminate automatically in the event of its assignment.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Wright Managed Equity Trust), Investment Advisory Agreement (Wright Managed Income Trust)

Duration and Termination of this Contract. This Contract shall become effective upon the date of its execution, and, unless terminated as herein provided, shall remain in full force and effect as to each Fund up to and including February 28, 2000 2002 and shall continue in full force and effect as to each Trust and Fund indefinitely thereafter, but only so long as such continuance after February 28, 2000 2002 is specifically approved at least annually (i) by the vote of a majority of the Trustees of the Trust or by vote of a majority of the outstanding voting securities of that Fund and (ii) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or the Trust, in accordance with the requirements of the Investment Company Act of 1940 as now in effect or as hereafter amended, subject, however, to such exemptions as may be granted by the Securities and Exchange Commission by any rule, regulation, order or interpretive positionposition (together the "1940 Act"). Either party hereto may, at any time on sixty (60) days' prior written notice to the other, terminate this Contract as to any Fund, without the payment of any penalty, by action of its Board of Directors or Trustees, as the case may be, and a Trust may, at any time upon such written notice to the Adviser, terminate this Contract as to any Fund by vote of a majority of the outstanding voting securities of that Fund. This Contract shall terminate automatically in the event of its assignment.

Appears in 2 contracts

Samples: Investment Advisory Contract (Wright Managed Equity Trust), Investment Advisory Contract (Wright Managed Income Trust)

Duration and Termination of this Contract. This Contract shall become effective upon the date of its execution, and, unless terminated as herein provided, shall remain in full force and effect as to each Fund up to and including February 28, 2000 1999 and shall continue in full force and effect as to each Fund indefinitely thereafter, but only so long as such continuance after February 28, 2000 1999 is specifically approved at least annually (i) by the vote of a majority of the Trustees of the Trust or by vote of a majority of the outstanding voting securities of that Fund and (ii) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or the Trust, in accordance with each case cast in person at a meeting called for the requirements purpose of the Investment Company Act of 1940 as now in effect or as hereafter amended, subject, however, to voting on such exemptions as may be granted by the Securities and Exchange Commission by any rule, regulation, order or interpretive positionapproval. Either party hereto may, at any time on sixty (60) days' prior written notice to the other, terminate this Contract as to any Fund, without the payment of any penalty, by action of its Board of Directors or Trustees, as the case may be, and a the Trust may, at any time upon such written notice to the Adviser, terminate this Contract as to any Fund by vote of a majority of the outstanding voting securities of that Fund. This Contract shall terminate automatically in the event of its assignment.

Appears in 1 contract

Samples: Catholic Values Investment Trust

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Duration and Termination of this Contract. This Contract shall become effective upon the date of its execution, and, unless terminated as herein provided, shall remain in full force and effect as to each Fund Portfolio up to and including February 28, 2000 1999 and shall continue in full force and effect as to each Fund Portfolio indefinitely thereafter, but only so long as such continuance after February 28, 2000 1999 is specifically approved at least annually (i) by the vote of a majority of the Trustees of the Trust or by vote of a majority of the outstanding voting securities of that Fund Portfolio and (ii) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or the Trust, in accordance with each case cast in person at a meeting called for the requirements purpose of the Investment Company Act of 1940 as now in effect or as hereafter amended, subject, however, to voting on such exemptions as may be granted by the Securities and Exchange Commission by any rule, regulation, order or interpretive positionapproval. Either party hereto may, at any time on sixty (60) days' prior written notice to the other, terminate this Contract as to any FundPortfolio, without the payment of any penalty, by action of its Board of Directors or Trustees, as the case may be, and a the Trust may, at any time upon such written notice to the Adviser, terminate this Contract as to any Fund Portfolio by vote of a majority of the outstanding voting securities of that FundPortfolio. This Contract shall terminate automatically in the event of its assignment.

Appears in 1 contract

Samples: Investment Advisory Contract (Wright Blue Chip Master Portfolio Trust)

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