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 through and including February 28, 1999 and shall continue in full force and effect indefinitely thereafter, but only so long as such continuance after February 28, 1999 is specifically approved at least annually (i) by the Trustees of the Trust or by vote of a majority of the outstanding voting securities of the Fund and (ii) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or (other than as a Trustee) the Trust cast in person at a meeting called for the purpose of voting on such approval. Either party hereto may, at any time on sixty (60) days' prior written notice to the other, terminate this Contract without the payment of any penalty, by action of its Board of Directors or Trustees, as the case may be, and 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 the Fund. This Contract shall terminate automatically in the event of its assignment.

Appears in 3 contracts

Samples: Investment Advisory Contract (Wright Equifund Equity Trust), Wright Equifund Equity Trust, Wright Equifund Equity 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 through as to each Fund to and including February 28, 1999 1996 and shall continue in full force and effect as to each Fund indefinitely thereafter, but only so long as such continuance after February 28, 1999 1996 is specifically approved at least annually (i) by the Trustees of the Trust or by vote of a majority of the outstanding voting securities of the 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 (other than as a Trustee) the Trust cast in person at a meeting called for the purpose of voting on such approval. 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 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 the that Fund. This Contract shall terminate automatically in the event of its assignment.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Wright Equifund Equity Trust), Wright Equifund Equity 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 through as to each Fund to and including February 28, 1999 1995 and shall continue in full force and effect as to each Fund indefinitely thereafter, but only so long as such continuance after February 28, 1999 1995 is specifically approved at least annually (i) by the Trustees of the Trust or by vote of a majority of the outstanding voting securities of the 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 (other than as a Trustee) the Trust cast in person at a meeting called for the purpose of voting on such approval. 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 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 the that Fund. This Contract shall terminate automatically in the event of its assignment.

Appears in 1 contract

Samples: Wright Equifund Equity 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 through and including February 28, 1999 1997 and shall continue in full force and effect indefinitely thereafter, but only so long as such continuance after February 28, 1999 1997 is specifically approved at least annually (i) by the Trustees of the Trust or by vote of a majority of the outstanding voting securities of the Fund and (ii) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or (other than as a Trustee) the Trust cast in person at a meeting called for the purpose of voting on such approval. Either party hereto may, at any time on sixty (60) days' prior written notice to the other, terminate this Contract without the payment of any penalty, by action of its Board of Directors or Trustees, as the case may be, and 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 the Fund. This Contract shall terminate automatically in the event of its assignment.

Appears in 1 contract

Samples: Wright Equifund Equity Trust (Wright Equifund Equity Trust)

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