Common use of EFFECTIVE DATE; DURATION; TERMINATION Clause in Contracts

EFFECTIVE DATE; DURATION; TERMINATION. (a) This Agreement shall be effective as of the date first set forth above. (b) Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect from year to year but only so long as such continuance is specifically approved at least annually by the Board of Directors of the Company, including a majority of the Directors who are not parties to this Agreement or "interested persons" of any such party (as defined in the 1940 Act), by vote cast in person at a meeting called for the purpose of voting on such approval. (c) This Agreement may be terminated at any time without the payment of any penalty by either party upon not less than 60 days' written notice to the other party. Upon the effective termination date, subject to payment by the Company to Piper Trust of all amounts due to Piper Trust as of said date, Piper Trust shall make available to the Company or its designated record keeping successor all of the records of the Company maintained under this Agreement then in Piper Trust's possession. (d) This Agreement shall automatically terminate in the event of its assignment (as defined by the provisions of the 0000 Xxx) unless such assignment is approved in advance by the Board of Directors, including a majority of the directors of the Company who are not parties to this Agreement or "interested persons" of any such party (as defined in the 1940 Act).

EFFECTIVE DATE; DURATION; TERMINATION. (a) This Agreement shall be effective as of the date first set forth above. (b) Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect from year to year but only so long as such continuance is specifically approved at least annually by the Board of Directors of the Company, including a majority of the Directors who are not parties to this Agreement or "interested persons" of any such party (as defined in the 1940 Act), by vote cast in person at a meeting called for the purpose of voting on such approval. (c) This Agreement may be terminated at any time without the payment of any penalty by either party upon not less than 60 days' written notice to the other party. Upon the effective termination date, subject to payment by the Company to Piper Trust Xxxxx Xxxxxxx of all amounts due to Piper Trust Xxxxx Xxxxxxx as of said date, Piper Trust Xxxxx Xxxxxxx shall make available to the Company or its designated record keeping successor all of the records of the Company maintained under this Agreement then in Piper Trust's Xxxxx Xxxxxxx'x possession. (d) This Agreement shall automatically terminate in the event of its assignment (as defined by the provisions of the 0000 Xxx) unless such assignment is approved in advance by the Board of Directors, including a majority of the directors of the Company who are not parties to this Agreement or "interested persons" of any such party (as defined in the 1940 Act).

EFFECTIVE DATE; DURATION; TERMINATION. (a) This Agreement shall be effective as of the date first set forth above. (b) Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect from year to year but only so long as such continuance is specifically approved at least annually by the Board of Directors of the Company, including a majority of the Directors who are not parties to this Agreement or "interested persons" of any such party (as defined in the 1940 Act), by vote cast in person at a meeting called for the purpose of voting on such approval. (c) This Agreement may be terminated at any time without the payment of any penalty by either party upon not less than 60 days' days written notice to the other party. Upon the effective termination date, subject to payment by the Company to Piper Trust Xxxxx Xxxxxxx of all amounts due to Piper Trust Xxxxx Xxxxxxx as of said date, Piper Trust Xxxxx Xxxxxxx shall make available to the Company or its designated record keeping successor all of the records of the Company maintained under this Agreement then in Piper Trust's Xxxxx Xxxxxxx'x possession. (d) This Agreement shall automatically terminate in the event of its assignment (as defined by the provisions of the 0000 Xxx) unless such assignment is approved in advance by the Board of Directors, including a majority of the directors of the Company who are not parties to this Agreement or "interested persons" of any such party (as defined in the 1940 Act).