DURATION – TERMINATION – AMENDMENT. a. This Agreement shall become effective as of the date first above written and shall remain in force until the first anniversary of its effective date and thereafter continue from year to year in respect of each Fund, but only so long as such continuance is specifically approved at least annually by a vote of the board of directors of the applicable Fund, including a majority of the directors who are not "interested persons" (as defined in the 0000 Xxx) of the applicable Fund and who have no direct or indirect financial interest in the operation of any Distribution and Service Plan (the "Plan") adopted by a Fund or in any agreements entered into in connection with the Plan (including this Agreement), pursuant to a vote cast in person at a meeting called for the purpose of voting on such continuance.
Appears in 2 contracts
Samples: Dealer Agreement (BlackRock Alternatives Allocation TEI Portfolio LLC), Dealer Agreement (BlackRock Alternatives Allocation Portfolio LLC)
DURATION – TERMINATION – AMENDMENT. a. This Agreement shall become effective as of the date first above written and shall remain in force until the first anniversary of its effective date and thereafter continue from year to year in respect of each Fundyear, but only so long as such continuance is specifically approved at least annually by a vote of the board of directors of the applicable Fund, including a majority of the directors who are not "interested persons" (as defined in the 0000 Xxx) of the applicable Fund and who have no direct or indirect financial interest in the operation of any the Fund's Distribution and Service Plan (the "Plan") adopted by a Fund or in any agreements entered into in connection with the Plan (including this Agreement), pursuant to a vote cast in person at a meeting called for the purpose of voting on such continuance.
Appears in 1 contract
Samples: Dealer Agreement (BlackRock Preferred Partners LLC)
DURATION – TERMINATION – AMENDMENT. a. This Agreement shall become effective as of the date first above written and shall remain in force until the first anniversary of its effective date and thereafter continue from year to year in respect of each Fundyear, but only so long as such continuance is specifically approved at least annually by a vote of the board of directors of the applicable Fund, including a majority of the directors who are not "interested persons" (as defined in the 0000 1000 Xxx) of the applicable Fund and who have no direct or indirect financial interest in the operation of any the Fund's Distribution and Service Plan (the "Plan") adopted by a Fund or in any agreements entered into in connection with the Plan (including this Agreement), pursuant to a vote cast in person at a meeting called for the purpose of voting on such continuance.
Appears in 1 contract
Samples: Form of Dealer Agreement (BlackRock Preferred Partners LLC)