Early Termination for Convenience. In addition to the foregoing, in the event that the Fund terminates this Agreement prior to the end of the Initial Term other than due to the Transfer Agent’s bankruptcy under Section 12.6 or for cause under Section 12.7, the Transfer Agent reserves the right to charge, in which case the Fund agrees to pay, an amount equal to the average monthly fee paid by the Fund to the Transfer Agent under the Agreement during the term in effect 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. In the event that the Fund terminates this Agreement prior to the end of a Renewal Term, other than due to the Transfer Agent’s bankruptcy under Section 12.6 or for cause under Section 12.7, then the Fund shall 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 such Renewal Term but not to exceed four months of fees.
Appears in 5 contracts
Samples: Transfer Agency and Service Agreement (AllianzGI Institutional Multi-Series Trust), Transfer Agency and Service Agreement (Premier Multi-Series VIT), Transfer Agency and Service Agreement (Premier Multi-Series VIT)
