Common use of EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT Clause in Contracts

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, or a Portfolio, (unless terminated automatically as set forth in Section 18 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, by the affirmative vote of a majority of the outstanding shares of such Fund, Fund class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolio. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, as to which it has not been terminated (or has been renewed).

Appears in 9 contracts

Samples: Distribution Contract (Pimco Funds), Distribution Contract (Pimco Funds), Distribution Agreement (Pimco Funds)

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EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class series of Fund shares, or a Portfolio, the Trust (“Series”) (unless terminated automatically as set forth in Section 18 hereof12) until terminated: (a) Either by such Fund, Fund class, Portfolio, Series or the Distributor U.S. Boston Capital by not more than sixty (60) days’ nor less than thirty ten (3010) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, Series at the close of business one year from on the date hereof, second anniversary of the execution of this Contract or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, Series by the affirmative vote of a majority of the outstanding shares of such FundSeries, Fund class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans Distribution Plan or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, Series of the Trust under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or PortfolioSeries. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the Investment Company Act of 1940 Act and the rules Rules and regulations Regulations thereunder. Termination of this Contract pursuant to this Section 19 12 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more PortfoliosSeries, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, Series as to which it has not been terminated (or has been renewed).

Appears in 7 contracts

Samples: Distribution Agreement (Quantitative Group of Funds), Distribution Agreement (Quantitative Group of Funds), Distribution Agreement (Quantitative Group of Funds)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon with respect to each Fund as of the close of business on the Effective Date for such Fund listed in Schedule A (and with respect to any amendment, or with respect to any additional fund, the date first above written of the amendment or supplement hereto or Effective Date for such additional fund, as applicable), and shall remain in full force and effect continuously as to a Fund, a class of for such Fund shares, or a Portfolio, (unless terminated automatically as set forth in Section 18 hereof) continuously as to a Fund or a Class of a Fund until terminated: (a) Either by a Fund or such Fund, Fund class, Portfolio, Class or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any a Fund or class thereofany Class, or Portfolio, at until the close earlier of business one year two years from the Effective Date for such Fund or such earlier date hereofas determined by resolution of the Fund’s Board of Trustees, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust such Fund or the shareholders of the Fund or such Fund, Fund class, or PortfolioClass, by the affirmative vote of a majority of the outstanding shares Shares of the Fund or such Fund, Fund class, or PortfolioClass; and by a majority of the Trustees of the Trust such Fund who are not interested persons of the Trust Fund and who have no direct or indirect financial interest in the operation of the Plans any Plan or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, Class of a Fund under (a) above may be taken either (i) by vote of the Trustees of the TrustFund, or (ii) by the affirmative vote of a majority of the outstanding shares Shares of such the Fund or such class or PortfolioClass, as applicable. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunderAct. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, Classes it may continue in effect with respect to any other Fund or any class thereof, or any Portfolio, Class as to which it has not been terminated (or has been renewed).

Appears in 6 contracts

Samples: Distribution Agreement (PIMCO Flexible Real Estate Income Fund), Distribution Agreement (PIMCO California Flexible Municipal Income Fund), Distribution Agreement (PIMCO Flexible Emerging Markets Income Fund)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund and a class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or such class or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, thereof at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund or such class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunderAct. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 6 contracts

Samples: Distribution Agreement (Allianz Funds), Distribution Agreement (Allianz Funds), Distribution Agreement (Allianz Funds)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund and a class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or such class or the Distributor by not more less than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, thereof at the close of business one year two years from the date hereofthis Agreement became effective with respect to such Fund or class, or upon the expiration of one year from the effective date of the last continuance of this ContractContract with respect to such Fund or class, whichever is later, if the continuance of this Contract is not specifically approved at least annually annually, beginning with the second year after the date this Agreement became effective with respect to such Fund or class, by (i) either (x) the Trustees of the Trust or (y) the shareholders of such Fund, Fund class, or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund or such class, or Portfolio; and (ii) by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and Act, the rules and regulations thereunderthereunder and related interpretations of the Securities and Exchange Commission (the “SEC”) and/or its Staff. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 5 contracts

Samples: Distribution Contract (Allianz Funds Multi-Strategy Trust), Distribution Agreement (Allianz Funds Multi-Strategy Trust), Distribution Contract (Ashmore Funds)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class Class of Fund shares, or a Portfolio, (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund classClass, Portfolio, or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class Class thereof, or Portfolio, at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund classClass, or Portfolio, by the affirmative vote of a majority of the outstanding shares of such Fund, Fund classClass, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class Class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class Class or Portfolio. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes Classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class Class thereof, or any Portfolio, as to which it has not been terminated (or has been renewed).

Appears in 2 contracts

Samples: Distribution Agreement (Pimco Funds), Distribution Agreement (Pimco Funds)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund and a class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or such class or the Distributor by not more than sixty (60) days' nor less than thirty (30) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, thereof at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund or such class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 2 contracts

Samples: Distribution Agreement (Pimco Funds), Distribution Agreement (Pimco Funds)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund and a class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or such class or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, thereof at the close of business one year two years from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by annually, beginning with the second year after the date hereof, by (i) either (x) the Trustees of the Trust or (y) the shareholders of such Fund, Fund class, or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund or such class, or Portfolio; and (ii) by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunderAct. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 2 contracts

Samples: Distribution Agreement (Allianz Funds Multi-Strategy Trust), Distribution Agreement (Allianz Funds Multi-Strategy Trust)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon such date as determined by the date first above written Trust upon notice and certification from the Distributor that Distributor is prepared to perform the services contemplated by this Contract (the “Effective Date”) and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, Portfolio or a Portfolio, Class of Portfolio shares (unless terminated automatically as set forth in Section 18 17 hereof) until terminated:. (a) Either by such Fund, Fund class, Portfolio, Portfolio or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund Portfolio or class thereof, or Portfolio, Class thereof at the close of business one year two years from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, Portfolio or Portfolio, such Class by the affirmative vote of a majority of the outstanding shares of such FundPortfolio or such Class, Fund class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans any Plan or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund Portfolio or a class Class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund Portfolio or such class or PortfolioClass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds Portfolios or classes Classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund Portfolio or any class thereof, or any Portfolio, Class thereof as to which it has not been terminated (or has been renewed).

Appears in 2 contracts

Samples: Distribution Agreement (PIMCO Equity Series VIT), Distribution Agreement (Pimco Variable Insurance Trust)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, Portfolio or a Portfolio, Class of Portfolio shares (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, Portfolio or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund Portfolio or class thereof, or Portfolio, Class thereof at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, Portfolio or Portfolio, such Class by the affirmative vote of a majority of the outstanding shares of such FundPortfolio or such Class, Fund class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans any Plan or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund Portfolio or a class Class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund Portfolio or such class or PortfolioClass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds Portfolios or classes Classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund Portfolio or any class thereof, or any Portfolio, Class thereof as to which it has not been terminated (or has been renewed).

Appears in 2 contracts

Samples: Distribution Agreement (PIMCO Equity Series VIT), Distribution Agreement (Pimco Variable Insurance Trust)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund and a class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or such class or the Distributor by not more than sixty (60) days' nor less than thirty (30) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, thereof at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund or such class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 2 contracts

Samples: Distribution Agreement (Pimco Funds Multi Manager Series), Distribution Agreement (Pimco Funds Multi Manager Series)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund or a class Class of Fund shares, or a Portfolio, shares (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, PortfolioClass, or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class Class thereof, or Portfolio, at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or PortfolioFund Class, by the affirmative vote of a majority of the outstanding shares of such Fund, Fund class, or PortfolioFund Class; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class Class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or PortfolioClass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes Classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, Class thereof as to which it has not been terminated (or has been renewed).

Appears in 2 contracts

Samples: Distribution Agreement (PIMCO Equity Series), Distribution Agreement (PIMCO Equity Series)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, the Trust or a Portfolio, Class (unless terminated automatically as set forth in Section 18 hereof) until terminated: (a) Either by the Trust or such Fund, Fund class, Portfolio, Class or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to the Trust or any Fund or class thereof, or Portfolio, Class at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of the Trust or such Fund, Fund class, or PortfolioClass, by the affirmative vote of a majority of the outstanding shares common Shares of the Trust or such Fund, Fund class, or PortfolioClass; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans any Plan or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund the Trust or a class thereof, or Portfolio, Class under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares Shares of such Fund the Trust or such class or PortfolioClass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunderAct. Termination of this Contract pursuant to this Section 19 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, Class it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, Class as to which it has not been terminated (or has been renewed).

Appears in 2 contracts

Samples: Distribution Agreement (PIMCO Flexible Credit Income Fund), Distribution Agreement (PIMCO Flexible Credit Income Fund)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, or a Portfolio, (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, by the affirmative vote of a majority of the outstanding shares of such Fund, Fund class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolio. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (Pimco Funds)

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EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, Portfolio or a Portfolio, Class of Portfolio shares (unless terminated automatically as set forth in Section 18 17 hereof) until terminated:. (a) Either by such Fund, Fund class, Portfolio, Portfolio or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund Portfolio or class thereof, or Portfolio, Class thereof at the close of business one year two years from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, Portfolio or Portfolio, such Class by the affirmative vote of a majority of the outstanding shares of such FundPortfolio or such Class, Fund class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans any Plan or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund Portfolio or a class Class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund Portfolio or such class or PortfolioClass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds Portfolios or classes Classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund Portfolio or any class thereof, or any Portfolio, Class thereof as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (PIMCO Equity Series VIT)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, or a Portfolio, (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or the Distributor by not more than sixty (60) days' nor less than thirty (30) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, by the affirmative vote of a majority of the outstanding shares of such Fund, Fund class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolio. The requirement under (b) above that the continuance of this Contract be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (Pimco Funds)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund and a class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or such class or the Distributor by not more than sixty (60) days' nor less than thirty (30) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, thereof at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund or such class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunderAct. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (Pimco Funds Multi Manager Series)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a Portfolio and any class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 16 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, Portfolio or such class or the Distributor by not more less than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund Portfolio or class thereof, or Portfolio, thereof at the close of business one year two years from the date hereofthis Contract became effective with respect to such Portfolio or class, or upon the expiration of one year from the effective date of the last continuance of this ContractContract with respect to such Portfolio or class, whichever is later, if the continuance of this Contract is not specifically approved at least annually annually, beginning with the second year after the date this Contract became effective with respect to such Portfolio or class, by (i) either (x) the Trustees of the Trust or (y) the shareholders of such Fund, Fund class, Portfolio or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund Portfolio or such class, or Portfolio; and (ii) by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund Portfolio or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund Portfolio or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and Act, the rules and regulations thereunderthereunder and related interpretations of the Securities and Exchange Commission (the “SEC”) and/or its Staff. Termination of this Contract pursuant to this Section 19 17 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds Portfolios or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund Portfolio or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (AllianzGI Institutional Multi-Series Trust)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund and a class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, or such class or the Distributor by not more less than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, thereof at the close of business one year two years from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually annually, beginning with the second year after the date hereof, by (i) either (x) the Trustees of the Trust or (y) the shareholders of such Fund, Fund class, or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund or such class, or Portfolio; and (ii) by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunderAct. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Contract (Allianz Funds Multi-Strategy Trust)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, or a Portfolio, Portfolio (unless terminated automatically as set forth in Section 18 16 hereof) until terminated:. (a) Either by such Fund, Fund class, Portfolio, Portfolio or the Distributor by not more than sixty (60) days' nor less than thirty (30) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund Portfolio or class thereof, or Portfolio, thereof at the close of business one year two years from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, Portfolio or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund Portfolio or such class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans any Plan or this Contract by vote voting cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, Portfolio under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolio. The requirement under (b) above that the continuance of this Contract be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 17 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund Portfolio or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (Pimco Variable Insurance Trust)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, a class of Fund shares, or a Portfolio, Portfolio (unless terminated automatically as set forth in Section 18 16 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, Portfolio or the Distributor by not more than sixty (60) days' nor less than thirty (30) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class thereof, or Portfolio, Portfolio at the close of business one year from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or Portfolio, Portfolio by the affirmative vote of a majority of the outstanding shares of such FundPortfolio, Fund class, or Portfolio; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class thereof, or Portfolio, Portfolio under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or Portfolio. The requirement under (b) above that the continuance of this Contract be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 17 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, Portfolio as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (Fixed Income Shares)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Fund or a class Class of Fund shares, or a Portfolio, shares (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, PortfolioClass, or the Distributor by not more than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund or class Class thereof, or Portfolio, at the close of business one year two years from the date hereof, or upon the expiration of one year from the effective date of the last continuance of this Contract, whichever is later, if the continuance of this Contract is not specifically approved at least annually by the Trustees of the Trust or the shareholders of such Fund, Fund class, or PortfolioFund Class, by the affirmative vote of a majority of the outstanding shares of such Fund, Fund class, or PortfolioFund Class; and by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund or a class Class thereof, or Portfolio, under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund or such class or PortfolioClass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds or classes Classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund or any class thereof, or any Portfolio, Class thereof as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (PIMCO Equity Series)

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract shall take effect upon the date first above written and shall remain in full force and effect continuously as to a Fund, Portfolio and a class of Fund shares, or a Portfolio, shares thereof (unless terminated automatically as set forth in Section 18 17 hereof) until terminated: (a) Either by such Fund, Fund class, Portfolio, Portfolio or such class or the Distributor by not more less than sixty (60) days’ nor less than thirty (30) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party; or (b) Automatically as to any Fund Portfolio or class thereof, or Portfolio, thereof at the close of business one year two years from the date hereofthis Agreement became effective with respect to such Portfolio or class, or upon the expiration of one year from the effective date of the last continuance of this ContractContract with respect to such Portfolio or class, whichever is later, if the continuance of this Contract is not specifically approved at least annually annually, beginning with the second year after the date this Agreement became effective with respect to such Portfolio or class, by (i) either (x) the Trustees of the Trust or (y) the shareholders of such Fund, Fund class, Portfolio or Portfolio, such class by the affirmative vote of a majority of the outstanding shares of such Fund, Fund Portfolio or such class, or Portfolio; and (ii) by a majority of the Trustees of the Trust who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plans Plan or this Contract by vote cast in person at a meeting called for the purpose of voting on such approval. Action by a Fund Portfolio or a class thereof, or Portfolio, thereof under (a) above may be taken either (i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund Portfolio or such class or Portfolioclass. The requirement under (b) above that the continuance of this Contract be “specifically approved at least annually” shall be construed in a manner consistent with the 1940 Act and Act, the rules and regulations thereunderthereunder and related interpretations of the Securities and Exchange Commission (the “SEC”) and/or its Staff. Termination of this Contract pursuant to this Section 19 18 shall be without the payment of any penalty. If this Contract is terminated or not renewed with respect to one or more Funds Portfolios or classes thereof, or one or more Portfolios, it may continue in effect with respect to any Fund Portfolio or any class thereof, or any Portfolio, thereof as to which it has not been terminated (or has been renewed).

Appears in 1 contract

Samples: Distribution Agreement (Premier Multi-Series VIT)

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