Common use of Effective Date, Amendment and Termination Clause in Contracts

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each Fund, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) The termination of this Agreement with respect to any one Fund will not cause the Agreement’s termination with respect to any other Fund.

Appears in 20 contracts

Samples: Mutual Fund Sales Agreement (Jpmorgan Trust Ii), Mutual Fund Sales Agreement (Jp Morgan Fleming Mutual Fund Group Inc), Mutual Fund Sales Agreement (Jp Morgan Mutual Fund Investment Trust)

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Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each Fund, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s 's address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s 's objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days' written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s 's assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days' written notice. (e) The termination of this Agreement with respect to any one Fund will not cause the Agreement’s 's termination with respect to any other Fund.

Appears in 7 contracts

Samples: Mutual Fund Sales Agreement (Jp Morgan Mutual Fund Group/Ma), Mutual Fund Sales Agreement (Jp Morgan Mutual Fund Investment Trust), Mutual Fund Sales Agreement (Jpmorgan Trust Ii)

Effective Date, Amendment and Termination. (a) A. This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) B. This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each Fund, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) C. This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown belowon the signature page hereof. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) D. Notwithstanding the foregoing, this Agreement may be terminated as follows: : (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; ; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company ActCompany, upon the termination of the Distribution Agreement between the Funds and JPMDSAgreement, or upon the termination of the applicable distribution plan(s); and and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) E. The termination of this Agreement with respect to any one Fund will not cause the Agreement’s termination with respect to any other Fund.

Appears in 3 contracts

Samples: Service Agreement and Sales Agreement (Jpmorgan Trust Ii), Service Agreement and Sales Agreement (Jpmorgan Trust Iv), Service Agreement and Sales Agreement (JPMorgan Trust I)

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each FundPortfolio, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the FundsTrust, including a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds a Portfolio and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) The termination of this Agreement with respect to any one Fund Portfolio will not cause the Agreement’s termination with respect to any other FundPortfolio.

Appears in 3 contracts

Samples: Distribution Agreement (Jpmorgan Insurance Trust), Distribution Agreement (Separate Account a of Pacific Life Insurance Co), Distribution Agreement (Jpmorgan Insurance Trust)

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transactionOctober 1, performs any service, or receives any payment pursuant hereto2015. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each FundPortfolio, until the October 31st 31” following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the FundsTrust, including a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds a Portfolio and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) The termination of this Agreement with respect to any one Fund Portfolio will not cause the Agreement’s termination with respect to any other FundPortfolio.

Appears in 2 contracts

Samples: Distribution Agreement (Jefferson National Life Annuity Account G), Distribution Agreement (Jefferson National Life Annuity Account G)

Effective Date, Amendment and Termination. (a) A. This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) B. This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each Fund, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) C. This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown belowon the signature page hereof. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) D. Notwithstanding the foregoing, this Agreement may be terminated as follows: : (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares shares as defined in the Investment Company Act of 1940 on not more than sixty (60) days’ written notice to the parties to this Agreement; ; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company ActAct of 1940, upon the termination of the Distribution Agreement between the Funds and JPMDSAgreement, or upon the termination of the applicable distribution plan(s); and and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) E. The termination of this Agreement with respect to any one Fund will not cause the Agreement’s termination with respect to any other Fund.

Appears in 2 contracts

Samples: Service Agreement and Sales Agreement (JPMorgan Trust I), Service Agreement and Sales Agreement (Jpmorgan Trust Ii)

Effective Date, Amendment and Termination. (a) A. This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) B. This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each Fund, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) C. This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown belowon the signature page hereof. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) D. Notwithstanding the foregoing, this Agreement may be terminated as follows: : (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; ; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds and JPMDSAgreement, or upon the termination of the applicable distribution plan(s); and and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) E. The termination of this Agreement with respect to any one Fund will not cause the Agreement’s termination with respect to any other Fund.

Appears in 2 contracts

Samples: Sales Agreement (JPMorgan Trust I), Sales Agreement (Jpmorgan Trust Ii)

Effective Date, Amendment and Termination. (a) 3.1 This Agreement Addendum shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary Company executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) 3.2 This Agreement Addendum shall continue in effect, with respect to Rule 12b-1 Fees payable by each FundPortfolio, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) 3.3 This Agreement Addendum may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s Company's address, as shown below. If Financial Intermediary Company does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the AgreementAddendum. Financial Intermediary’s Company's objection must be in writing and be received by JPMDS within such thirty days. (d) 3.4 Notwithstanding the foregoing, this Agreement Addendum may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days' written notice to the parties to this AgreementAddendum; (ii) automatically in the event of the Agreement’s Agreement or the Addendum's assignment as defined in the Investment Company Act, upon the termination of the Agreement, or the Distribution Agreement between the Funds and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty sixty (3060) days' written notice. (e) 3.5 The termination of this Agreement Addendum with respect to any one Fund will not cause the Agreement’s Addendum's termination with respect to any other Fund.

Appears in 1 contract

Samples: Retail Fund Participation Agreement and Mutual Fund Sales Agreement Addendum (Hartford Life Insurance Co Separate Account 11)

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or 10 receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each Fund, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) The termination of this Agreement with respect to any one Fund will not cause the Agreement’s termination with respect to any other Fund.

Appears in 1 contract

Samples: Mutual Fund Sales Agreement (Jp Morgan Fleming Mutual Fund Group Inc)

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transactionMay 1, performs any service, or receives any payment pursuant hereto. This 2014.This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each FundPortfolio, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the FundsTrust, including a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds a Portfolio and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. In addition, this Agreement will terminate automatically upon the termination of the Participation Agreement. (e) The termination of this Agreement with respect to any one Fund Portfolio will not cause the Agreement’s termination with respect to any other FundPortfolio.

Appears in 1 contract

Samples: Distribution Agreement (Jpmorgan Insurance Trust)

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Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each FundPortfolio, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the FundsTrust, including a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s 's address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s 's objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days' written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s 's assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds a Portfolio and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days' written notice. (e) The termination of this Agreement with respect to any one Fund Portfolio will not cause the Agreement’s 's termination with respect to any other FundPortfolio.

Appears in 1 contract

Samples: Distribution Agreement (Jpmorgan Insurance Trust)

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transactionOctober 1, performs any service, or receives any payment pursuant hereto2015. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each FundPortfolio, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the FundsTrust, including a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds a Portfolio and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) The termination of this Agreement with respect to any one Fund Portfolio will not cause the Agreement’s termination with respect to any other FundPortfolio.

Appears in 1 contract

Samples: Distribution Agreement (Jpmorgan Insurance Trust)

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each Fund, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds and JPMDS, or upon the termination of the applicable distribution plan(s), or upon the termination of the Participation Agreement; and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) The termination of this Agreement with respect to any one Fund will not cause the Agreement’s termination with respect to any other Fund.

Appears in 1 contract

Samples: Mutual Fund Sales Agreement (Ml of New York Variable Annuity Separate Account D)

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 12b-l Fees payable by each Fund, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the Funds, including a majority of the members of the Board of the Funds who are not interested persons of the Funds cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial Intermediary’s address, as shown below. If Financial Intermediary does not object to the amendment within thirty (30) days after its receipt, the amendment will become part of the Agreement. Financial Intermediary’s objection must be in writing and be received by JPMDS within such thirty days. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds who are not interested persons of the Funds or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds and JPMDS, or upon the termination of the applicable distribution plan(s), or upon the termination of the Participation Agreement; and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) The termination of this Agreement with respect to any one Fund will not cause the Agreement’s termination with respect to any other Fund.

Appears in 1 contract

Samples: Mutual Fund Sales Agreement (Merrill Lynch Life Variable Annuity Separate Account D)

Effective Date, Amendment and Termination. (a) This Agreement shall become effective as of the date executed by JPMDS or as of the first date thereafter upon which Financial Intermediary Distributor executes any transaction, performs any service, or receives any payment pursuant hereto. This Agreement supersedes any other agreements between the parties with respect to the offer and sale of Shares and other matters covered herein. (b) This Agreement shall continue in effect, with respect to Rule 12b-1 Fees payable by each FundPortfolio, until the October 31st following the date of its execution, and thereafter for successive periods of one year if the form of this Agreement is approved at least annually by the Board of the FundsTrust, including a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios cast in person at a meeting called for that purpose. (c) This Agreement may be amended by JPMDS from time to time by the following procedure. JPMDS will mail a copy of the amendment to Financial IntermediaryDistributor’s address, as shown below. If Financial Intermediary does not object to the Neither this Agreement nor any amendment within thirty (30) days after its receipt, the amendment will shall become part of the Agreement. Financial Intermediary’s objection must be in writing effective until all parties have been fully executed and be received by JPMDS within such thirty daysdelivered. (d) Notwithstanding the foregoing, this Agreement may be terminated as follows: (i) at any time, without the payment of any penalty, by the vote of a majority of the members of the Board of the Funds Trust who are not interested persons of the Funds Portfolios or by a vote of a majority of the outstanding voting Shares as defined in the Investment Company Act on not more than sixty (60) days’ written notice to the parties to this Agreement; (ii) automatically in the event of the Agreement’s assignment as defined in the Investment Company Act, upon the termination of the Distribution Agreement between the Funds a Portfolio and JPMDS, or upon the termination of the applicable distribution plan(s); and (iii) by any party to this Agreement without cause by giving the other party at least thirty (30) days’ written notice. (e) The termination of this Agreement with respect to any one Fund Portfolio will not cause the Agreement’s termination with respect to any other FundPortfolio.

Appears in 1 contract

Samples: Distribution Agreement (Jpmorgan Insurance Trust)

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