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Common use of Effectiveness and Termination Clause in Contracts

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year from such date (or, with respect to any additional Fund, for two years from the date of the supplement), and shall continue thereafter on an annual basis with respect to such Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such party; provided, however, that if the continuance of this Agreement is submitted to the shareholders of a Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the pertinent Fund or Funds. Schedule A may be amended from time to time to add new Funds without a vote of the shareholders of any Fund. (b) This Agreement may be terminated with respect to a Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by a vote of a majority of the Fund’s entire Board of Trustees/Directors on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 7 contracts

Samples: Investment Management Agreement (Pimco High Income Fund), Investment Management Agreement (Pimco Corporate & Income Strategy Fund), Investment Management Agreement (Pimco Income Strategy Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each the Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto)Effective Date, and shall remain in effect, unless sooner terminated until July 31, 2020 or such earlier date as provided herein, for one year from such date (or, with respect to any additional Fund, for two years from the date determined by resolution of the supplement)Fund’s Board of Trustees, and shall continue thereafter on an annual basis with respect to such the Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such partyparty and who have no direct or indirect financial interest in the operation of this agreement (“Qualified Trustees”); provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a the Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the pertinent Fund or FundsFund. Schedule A This Agreement may be amended from time to time to add new Funds funds without a vote of the shareholders of any the Fund. (b) This Agreement may be terminated terminated, with respect to a the Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund Fund, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 2 contracts

Samples: Investment Management Agreement (PIMCO Energy & Tactical Credit Opportunities Fund), Investment Management Agreement (PIMCO Energy & Tactical Credit Opportunities Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with ----------------------------- respect to each Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year from such date (or, with respect to any additional Fund, for two years from the date of the supplement), and shall continue thereafter on an annual basis with respect to such Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s 's Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s 's Trustees/Directors who are not parties to this Agreement or "interested persons" (as defined in the 0000 Xxx) of any such party; provided, however, that if the continuance of this Agreement -------- ------- is submitted to the shareholders of a Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the pertinent Fund or Funds. Schedule A may be amended from time to time to add new Funds without a vote of the shareholders of any Fund. (b) This Agreement may be terminated with respect to a Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by a vote of a majority of the Fund’s 's entire Board of Trustees/Directors on 60 days' written notice to PIMCO, or by PIMCO on 60 days' written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 2 contracts

Samples: Investment Management Agreement (Pimco Strategic Income Fund, Inc), Investment Management Agreement (Pimco Income Strategy Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each the Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year two years from such date (or, with respect to any additional Fundfund, for two years from the date of the supplement), and shall continue thereafter on an annual basis with respect to such the Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such partyparty and who have no direct or indirect financial interest in the operation of this agreement (“Qualified Trustees”); provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such the Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a the Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the pertinent Fund or FundsFund. Schedule A may be amended from time to time to add new Funds funds or Share classes without a vote of the shareholders of any FundFund or Share class. (b) This Agreement may be terminated terminated, with respect to the Fund or a Fund particular Share class, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or such Share class, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 2 contracts

Samples: Investment Management Agreement (PIMCO Flexible Credit Income Fund), Investment Management Agreement (PIMCO Flexible Credit Income Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each Fund as of the close of business on the date indicated above Effective Date for such Fund listed in Schedule A (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement heretohereto or Effective Date for such additional fund, as applicable), and shall remain in effecteffect for such Fund, unless sooner terminated as provided herein, for one year from such date (or, with respect to any additional Fund, for until the earlier of two years from the Effective Date for such Fund or such earlier date as determined by resolution of the supplement)Fund’s Board of Trustees, and shall continue thereafter on an annual basis with respect to such Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such partyparty and who have no direct or indirect financial interest in the operation of this agreement (“Qualified Trustees”); provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the pertinent Fund or FundsFund. Schedule A may be amended from time to time to add new Funds funds or Share classes without a vote of the shareholders of any FundFund or Share class. (b) This Agreement may be terminated terminated, with respect to a Fund or a particular Share class of such Fund, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or such Share class, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 2 contracts

Samples: Investment Management Agreement (PIMCO Flexible Credit Income Fund), Investment Management Agreement (PIMCO Flexible Municipal Income Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each the Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto)Effective Date, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date (or, with respect to any additional Fund, for until the earlier of two years from the Effective Date or such earlier date as determined by resolution of the supplement)Fund’s Board of Trustees, and shall continue thereafter on an annual basis with respect to such Fund the Fund; provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such partyparty and who have no direct or indirect financial interest in the operation of this Agreement; provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such the Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a the Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the pertinent Fund or FundsFund. Schedule A This Agreement may be amended from time to time to add new Funds funds without a vote of the shareholders of any the Fund. (b) This Agreement may be terminated terminated, with respect to a Fund the Fund, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund Fund, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 1 contract

Samples: Investment Management Agreement (PIMCO Access Income Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each the Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year until the earlier of two years from such date (or, with respect to any additional Fundfund, for two years from the date of the supplement)) or such earlier date as determined by resolution of the Fund’s Board of Trustees, and shall continue thereafter on an annual basis with respect to such the Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such partyparty and who have no direct or indirect financial interest in the operation of this Agreement; provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such the Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a the Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Act) of the pertinent Fund or Funds. Schedule A may be amended from time to time to add new Funds without a vote of the shareholders of any Fund. (b) This Agreement may be terminated terminated, with respect to the Fund or a Fund particular Share class, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or such Share class, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 1 contract

Samples: Investment Management Agreement (PIMCO California Flexible Municipal Income Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each the Fund as of the close of business on date first written above (the date indicated above “Effective Date”) (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year from such date (or, with respect to any additional Fund, for until the earlier of two years from the Effective Date or such earlier date as determined by resolution of the supplement)Trustees, and shall continue thereafter on an annual basis with respect to such the Fund provided that such continuance is specifically approved at least annually annually: (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Act) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx1940 Act) of any such partyparty and who have no direct or indirect financial interest in the operation of this Agreement (“Qualified Trustees”); provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO the Administrator may continue to serve hereunder with respect to such the Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the pertinent Fund or Funds. Schedule A may be amended from time to time to add new Funds without a vote of the shareholders of any Fund. (b) This Agreement may be terminated terminated, with respect to the Fund or a Fund particular share class of the Fund, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Act) of the Fund or such share class, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCOthe Administrator, or by PIMCO the Administrator on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 1 contract

Samples: Supervision and Administration Agreement (Wellington Global Multi-Strategy Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each Fund as of the close of business on the date indicated above on Appendix A (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year until the earlier of two years from such date (or, with respect to any additional Fundfund, for two years from the date of the supplement)) or such earlier date as determined by resolution of the Fund’s Board of Trustees, and shall continue thereafter on an annual basis with respect to such the Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Act) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx1940 Act) of any such partyparty and who have no direct or indirect financial interest in the operation of this Agreement; provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such the Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a the Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Act) of the pertinent Fund or Funds. Schedule A may be amended from time to time to add new Funds without a vote of the shareholders of any Fund. (b) This Agreement may be terminated terminated, with respect to a Fund or a particular Share class, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Act) of the Fund or such Share class, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 1 contract

Samples: Investment Management Agreement (PIMCO Flexible Real Estate Income Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each the Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year until the earlier of two years from such date (or, with respect to any additional Fundfund, for two years from the date of the supplement)) or such earlier date as determined by resolution of the Fund’s Board of Trustees, and shall continue thereafter on an annual basis with respect to such the Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such partyparty and who have no direct or indirect financial interest in the operation of this Agreement (“Qualified Trustees”); provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such the Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a the Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Act) of the pertinent Fund or Funds. Schedule A may be amended from time to time to add new Funds without a vote of the shareholders of any Fund. (b) This Agreement may be terminated terminated, with respect to the Fund or a Fund particular Share class, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or such Share class, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 1 contract

Samples: Investment Management Agreement (PIMCO Flexible Emerging Markets Income Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each the Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto)Effective Date, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date (or, with respect to any additional Fund, for until the earlier of two years from the Effective Date or such earlier date as determined by resolution of the supplement)Fund’s Board of Trustees, and shall continue thereafter on an annual basis with respect to such Fund the Fund; provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such partyparty and who have no direct or indirect financial interest in the operation of this Agreement; provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a the Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the pertinent Fund or FundsFund. Schedule A This Agreement may be amended from time to time to add new Funds funds without a vote of the shareholders of any the Fund. (b) This Agreement may be terminated terminated, with respect to a Fund the Fund, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund Fund, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 1 contract

Samples: Investment Management Agreement (PIMCO Dynamic Income Opportunities Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each Fund as of the close of business on the date indicated above on Appendix A (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year until the earlier of two years from such date (or, with respect to any additional Fundfund, for two years from the date of the supplement)) or such earlier date as determined by resolution of the Fund’s Board of Trustees, and shall continue thereafter on an annual basis with respect to such the Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Fund’s Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s Trustees/Directors Trustees who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of any such partyparty and who have no direct or indirect financial interest in the operation of this Agreement; provided, however, that if the continuance of this Agreement is submitted to the shareholders of a the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such the Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a the Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Act) of the pertinent Fund or Funds. Schedule A may be amended from time to time to add new Funds without a vote of the shareholders of any Fund. (b) This Agreement may be terminated terminated, with respect to a Fund or a particular Share class, at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or such Share class, or by a vote of a majority of the Fund’s entire Board of Trustees/Directors Trustees on 60 days’ written notice to PIMCO, or by PIMCO on 60 days’ written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 1 contract

Samples: Investment Management Agreement (PIMCO Flexible Real Estate Income Fund)

Effectiveness and Termination. (a) This Agreement shall take effect with respect to each Fund as of the close of business on the date indicated above (and, with respect to any amendment, or with respect to any additional fund, the date of the amendment or supplement hereto), and shall remain in effect, unless sooner terminated as provided herein, for one year from such date (or, with respect to any additional Fund, for two years from the date of the supplement), and shall continue thereafter on an annual basis with respect to such Fund provided that such continuance is specifically approved at least annually (i) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Acx) of the xx xxe Fund or by the Fund’s 's Board of Trustees/Directors; and (ii) by the vote, cast in person at a meeting called for such purpose, of a majority of the Fund’s 's Trustees/Directors who are not parties to this Agreement or "interested persons" (as defined in the 0000 Xxx1940 Acx) of any xx xxy such party; provided, however, that if the continuance of this Agreement is submitted to the shareholders of a Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, PIMCO may continue to serve hereunder with respect to such Fund in a manner consistent with the 1940 Act. This Agreement may not be materially amended with respect to a Fund or Funds without a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Acx) of the xx xxe pertinent Fund or Funds. Schedule A may be amended from time to time to add new Funds without a vote of the shareholders of any Fund. (b) This Agreement may be terminated with respect to a Fund at any time, without the payment of any penalty, by a vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx1940 Acx) of the xx xxe Fund or by a vote of a majority of the Fund’s 's entire Board of Trustees/Directors on 60 days' written notice to PIMCO, or by PIMCO on 60 days' written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act).

Appears in 1 contract

Samples: Investment Management Agreement (Pimco California Municipal Income Fund)