Common use of DURATION, RENEWAL AND TERMINATION Clause in Contracts

DURATION, RENEWAL AND TERMINATION. This Agreement shall continue in effect until two years from the date of its execution, and thereafter from year to year only so long as such continuance is specifically approved at least annually by the board of directors of the Adviser and by either the board of directors of the Corporation (including a majority of those directors who are not parties to this Agreement or “interested persons” of any such party) or by vote of the holders of a “majority of the outstanding shares of the Fund” (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in section 2(a)(42) of the Investment Company Act of 1940). This Agreement may be terminated by action of a majority of the directors of the Corporation or by the holders of a majority of the outstanding shares of the Fund upon sixty (60) days written notice to the Adviser.

Appears in 6 contracts

Samples: Investment Advisory Agreement (Keeley Funds, Inc.), Investment Advisory Agreement (Keeley Funds, Inc.), Investment Advisory Agreement (Keeley Funds, Inc.)

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DURATION, RENEWAL AND TERMINATION. This Agreement shall continue in effect until two years from the date of its execution, and thereafter from year to year only so long as such continuance is specifically approved at least annually by the board of directors of the Adviser and by either the board of directors of the Corporation (including a majority of those directors who are not parties to this Agreement or "interested persons" of any such party) or by vote of the holders of a "majority of the outstanding shares of the Fund" (which term as used throughout this Agreement shall be construed in accordance with the definition of "vote of a majority of the outstanding voting securities of a company" in section 2(a)(42) of the Investment Company Act of 1940). This Agreement may be terminated by action of a majority of the directors of the Corporation or by the holders of a majority of the outstanding shares of the Fund upon sixty (60) days written notice to the Adviser.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Keeley Funds, Inc.), Investment Advisory Agreement (Keeley Funds, Inc.)

DURATION, RENEWAL AND TERMINATION. This Agreement shall continue in effect until two years from the date of its executionNovember 30, 2016, and thereafter from year to year only so long as such continuance is specifically approved at least annually by the board of directors of the Adviser and by either the board of directors of the Corporation Company (including a majority of those directors who are not parties to this Agreement or “interested persons” of any such party) or by vote of the holders of a “majority of the outstanding shares of the Fund” (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in section 2(a)(42) of the Investment Company Act of 1940, as amended). This Agreement may be terminated by action of a majority of the directors of the Corporation Company or by the holders of a majority of the outstanding shares of the Fund upon sixty (60) days written notice to the Adviser.

Appears in 1 contract

Samples: Investment Advisory Agreement (Keeley Funds, Inc.)

DURATION, RENEWAL AND TERMINATION. This Agreement agreement shall continue in effect until two years for a two-year period from the date of its executionset forth above , and thereafter from year to year only so long as such continuance is specifically approved at least annually by the board of directors of the Adviser and by either the board of directors of the Corporation Company (including a majority of those directors who are not parties to this Agreement or “interested persons” of any such party) or by vote of the holders of a majority of the outstanding shares of the Fund” (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in section 2(a)(42) of the Investment Company Act of 1940, as amended). This Agreement may be terminated by action of a majority of the directors of the Corporation Company or by the holders of a majority of the outstanding shares of the Fund upon sixty (60) days written notice to the Adviser.

Appears in 1 contract

Samples: Investment Advisory Agreement (Keeley Funds, Inc.)

DURATION, RENEWAL AND TERMINATION. This Agreement shall continue in effect until two years from the date of its execution, and thereafter from year to year only so long as such continuance is specifically approved at least annually by the board of directors of the Adviser and by either the board of directors of the Corporation Company (including a majority of those directors who are not parties to this Agreement or “interested persons” of any such party) or by vote of the holders of a “majority of the outstanding shares of the Fund” (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in section 2(a)(42) of the Investment Company Act of 1940, as amended). This Agreement may be terminated by action of a majority of the directors of the Corporation Company or by the holders of a majority of the outstanding shares of the Fund upon sixty (60) days written notice to the Adviser.

Appears in 1 contract

Samples: Investment Advisory Agreement (Keeley Funds, Inc.)

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DURATION, RENEWAL AND TERMINATION. This Agreement shall continue in effect until two years from the date of its execution, and thereafter from year to year only so long as such continuance is specifically approved at least annually by the board of directors of the Adviser and by either the board of directors of the Corporation Company (including a majority of those directors who are not parties to this Agreement or “interested persons” of any such party) or by vote of the holders of a “majority of the outstanding shares of the Fund” (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in section 2(a)(42) of the Investment Company Act of 1940). This Agreement may be terminated by action of a majority of the directors of the Corporation Company or by the holders of a majority of the outstanding shares of the Fund upon sixty (60) days written notice to the Adviser.

Appears in 1 contract

Samples: Investment Advisory Agreement (Keeley Funds, Inc.)

DURATION, RENEWAL AND TERMINATION. This Agreement shall continue in effect until two years for a one-year period from the date of its executionset forth above , and thereafter from year to year only so long as such continuance is specifically approved at least annually by the board of directors of the Adviser and by either the board of directors of the Corporation Company (including a majority of those directors who are not parties to this Agreement or “interested persons” of any such party) or by vote of the holders of a “majority of the outstanding shares of the Fund” (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in section 2(a)(42) of the Investment Company Act of 1940, as amended). This Agreement may be terminated by action of a majority of the directors of the Corporation Company or by the holders of a majority of the outstanding shares of the Fund upon sixty (60) days written notice to the Adviser.

Appears in 1 contract

Samples: Investment Advisory Agreement (Keeley Funds, Inc.)

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