Common use of Early Termination for Convenience Clause in Contracts

Early Termination for Convenience. In addition to the foregoing, in the event that (i) the Fund terminates this Agreement prior to the end of the Initial Term or the Renewal Term other than due to the Transfer Agent’s bankruptcy under Section 12.6 or for cause under Section 12.7; or (ii) the Transfer Agent terminates this Agreement for cause under Section 12.7, or due to the Funds’ bankruptcy under Section 12.6 or due to unpaid invoices under Section 12.5, the Fund shall in each case pay the Transfer Agent an amount equal to the average monthly fee paid by the Fund to the Transfer Agent under the Agreement multiplied by the number of months remaining in the Initial or Renewal Term and calculated as set forth on the then current Fee Schedule, on the date notice of termination was given to the Transfer Agent.

Appears in 4 contracts

Samples: Transfer Agency and Service Agreement (Smead Funds Trust), Transfer Agency and Service Agreement (1290 Funds), Transfer Agency and Service Agreement (1290 Funds)

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Early Termination for Convenience. In addition to the foregoing, in the event that (i) the Fund terminates this Agreement prior to the end of the Initial Term or the Renewal Term other than due to the Transfer Agent’s bankruptcy under Section 12.6 or for cause under Section 12.7; or (ii) the Transfer Agent terminates this Agreement for cause under Section 12.7, or due to the Funds’ bankruptcy under Section 12.6 or due to unpaid invoices under Section 12.5, the Fund shall in each case pay the Transfer Agent an amount equal to the average monthly fee paid by the Fund to the Transfer Agent under the Agreement multiplied by the number of twelve (12) months remaining in the Initial or Renewal Term and calculated as set forth on the then current Fee Schedule, on the date notice of termination was given to the Transfer Agent.

Appears in 2 contracts

Samples: Transfer Agency and Service Agreement (Pax World Funds Series Trust Iii), Transfer Agency and Service Agreement (Pax World Funds Series Trust I)

Early Termination for Convenience. In addition to the foregoing, in the event that (i) the Fund terminates this Agreement prior to the end of the Initial Term or the Renewal Term other than due to the Transfer Agent’s bankruptcy under Section 12.6 or for cause under Section 12.7; or (ii) the Transfer Agent terminates this Agreement for cause under Section 12.7, or due to the Funds’ bankruptcy under Section 12.6 or due to unpaid invoices under Section 12.5, the Fund shall in each case pay the Transfer Agent an amount equal to the average monthly fee paid by the Fund to the Transfer Agent under the Agreement multiplied by the number of months remaining in the Initial or Renewal Term (not to exceed six (6) months) and calculated as set forth on the then current Fee Schedule, on the date notice of termination was given to the Transfer Agent.

Appears in 2 contracts

Samples: Transfer Agency and Service Agreement (Ultra Series Fund), Transfer Agency and Service Agreement (Madison Funds)

Early Termination for Convenience. In addition to the foregoing, in the event that (i) the Fund terminates this Agreement prior to the end of the Initial Term or the Renewal Term other than due to the Transfer Agent’s 's bankruptcy under Section 12.6 or for cause under Section 12.7; ------------ ------------ or (ii) the Transfer Agent terminates this Agreement for cause under Section 12.7, or due to the Funds' bankruptcy under Section 12.6 or due ------------ ------------ to unpaid invoices under Section 12.5, the Fund shall in each case pay ------------ the Transfer Agent an amount equal to the average monthly fee paid by the Fund to the Transfer Agent under the Agreement multiplied by the number of months remaining in the Initial or Renewal Term and calculated as set forth on the then current Fee Schedule, on the date notice of termination was given to the Transfer Agent.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Lincoln Advisors Trust)

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Early Termination for Convenience. In addition to the foregoing, in the event that (i) the Fund terminates this Agreement prior to the end of the Initial Term or the Renewal Term other than due to the Transfer Agent’s bankruptcy under Section 12.6 11.6 or for cause under Section 12.711.7; or (ii) the Transfer Agent terminates this Agreement for cause under Section 12.711.7, or due to the Funds’ bankruptcy under Section 12.6 11.6 or due to unpaid invoices under Section 12.511.5, the Fund shall in each case pay the Transfer Agent an amount equal to the average monthly fee paid by the Fund to the Transfer Agent under the Agreement multiplied by the number of months remaining in the Initial or Renewal Term and calculated as set forth on the then current Fee Schedule, on the date notice of termination was given to the Transfer Agent.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Keeley Funds, Inc.)

Early Termination for Convenience. In addition to the foregoing, in the event that (i) the Fund terminates this Agreement prior to the end of the Initial Term or the Renewal Term other than due to the Transfer Agent’s bankruptcy under Section 12.6 11.6 or for cause under Section 12.711.7; or (ii) the Transfer Agent terminates this Agreement for cause under Section 12.711.7, or due to the Funds’ Fund’s bankruptcy under Section 12.6 11.6 or due to unpaid invoices under Section 12.511.5, the Fund shall in each case pay the Transfer Agent an amount equal to the average monthly fee paid by the Fund to the Transfer Agent under the Agreement multiplied by the number of months remaining in the Initial or Renewal Term and calculated as set forth on the then current Fee Schedule, on the date notice of termination was given to the Transfer Agent.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Commerce Funds)

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