Common use of Effective Date; Duration; Continuance Clause in Contracts

Effective Date; Duration; Continuance. (a) Subject to prior termination pursuant to Section 6.2 below, this Agreement shall begin as of the date of its execution and shall continue in effect for a period of two years from the date hereof and indefinitely thereafter, but only so long as the continuance after such date shall be specifically approved at least annually by vote of the Trustees or by a vote of a majority of the outstanding voting securities of the Trust, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees who are not “interested persons” of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. (b) Unless otherwise permitted under an exemptive order or other position issued by the U.S. Securities and Exchange Commission (the “Commission”), the required shareholder approval of this Agreement or any continuance of this Agreement, if required, shall be effective with respect to the Trust if a majority of the outstanding voting securities of the Fund votes to approve this Agreement or its continuance.

Appears in 41 contracts

Samples: Subadvisory Agreement (Federated Hermes Adviser Series), Subadvisory Agreement (Federated Hermes Adviser Series), Subadvisory Agreement (Federated Hermes Adviser Series)

AutoNDA by SimpleDocs

Effective Date; Duration; Continuance. (a) Subject to prior termination pursuant to Section 6.2 below, this Agreement shall begin as of the date of its execution and shall continue in effect for a period of two years from the date hereof and indefinitely thereafter, but only so long as the continuance after such date shall be specifically approved at least annually by vote of the Trustees or by a vote of a majority of the outstanding voting securities of the Trust, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees who are not “interested persons” of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. (b) Unless otherwise permitted under an exemptive order or other position issued by the U.S. Securities and Exchange Commission (the “Commission”), the required shareholder approval of this Agreement or any continuance of this Agreement, if required, shall be effective with respect to the Trust if a majority of the outstanding voting securities of the Fund votes to approve this Agreement or its continuance.

Appears in 18 contracts

Samples: Subadvisory Agreement (Federated Hermes Adviser Series), Subadvisory Agreement (Federated Hermes Adviser Series), Subadvisory Agreement (Federated Hermes Adviser Series)

Effective Date; Duration; Continuance. (a) Subject to prior termination pursuant to Section 6.2 below, this Agreement shall begin as of the date of its execution and shall continue in effect for a period of two years from the date hereof and indefinitely thereafter, but only so long as the continuance after such date shall be specifically approved at least annually by vote of the Trustees Directors or by a vote of a majority of the outstanding voting securities of the TrustCorporation, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees Directors who are not “interested persons” of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. (b) Unless otherwise permitted under an exemptive order or other position issued by the U.S. Securities and Exchange Commission (the “Commission”), the required shareholder approval of this Agreement or any continuance of this Agreement, if required, shall be effective with respect to the Trust Corporation if a majority of the outstanding voting securities of the Fund votes to approve this Agreement or its continuance.

Appears in 3 contracts

Samples: Subadvisory Agreement (Federated Hermes World Investment Series, Inc.), Subadvisory Agreement (Federated Hermes World Investment Series, Inc.), Subadvisory Agreement (Federated World Investment Series Inc)

Effective Date; Duration; Continuance. (a) Subject to prior termination pursuant to Section 6.2 below, this Agreement shall begin as of the date of its execution and shall continue in effect for a period of two years from the date hereof and indefinitely thereafter, but only so long as the continuance after such date shall be specifically approved at least annually by vote of the Trustees Board or by a vote of a majority of the outstanding voting securities of the TrustFund, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees Board who are not “interested persons” of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. (b) Unless otherwise permitted under an exemptive order or other position issued by the U.S. Securities and Exchange Commission (the “Commission”), the required shareholder approval of this Agreement or any continuance of this Agreement, if required, shall be effective with respect to the Trust Company if a majority of the outstanding voting securities of the Fund votes to approve this Agreement or its continuance.

Appears in 2 contracts

Samples: Subadvisory Agreement (Federated Hermes Sustainable High Yield Bond Fund, Inc.), Subadvisory Agreement (Federated Hermes Sustainable High Yield Bond Fund, Inc.)

AutoNDA by SimpleDocs

Effective Date; Duration; Continuance. (a) Subject to prior termination pursuant to Section 6.2 below, this Agreement shall begin as of the date of its execution and shall continue in effect for a period of two years from the date hereof and indefinitely thereafter, but only so long as the continuance after such date shall be specifically approved at least annually by vote of the Trustees or by a vote of a majority of the outstanding voting securities of the Trust, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees who are not “interested persons” of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. (b) Unless otherwise permitted under an exemptive order or other position issued by the U.S. Securities and Exchange Commission (the “Commission”), the required shareholder approval of this Agreement or any continuance of this Agreement, if required, Agreement shall be effective with respect to the Trust if a majority of the outstanding voting securities of the Fund votes to approve this Agreement or its continuance.

Appears in 1 contract

Samples: Subadvisory Agreement (Federated Core Trust III)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!