Common use of Effectiveness, Continuation, Termination and Amendment Clause in Contracts

Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22, 1995 for the purpose of voting on this Plan, and shall take effect after approval by Class C shareholders of the Fund, at which time it shall replace the Fund's Plan and Agreement of Distribution for the Shares made as of September 1, 1993, as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities xx xxx Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Quest for Value Funds)

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Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22October 10, 1995 1996 for the purpose of voting on this Plan, and shall take effect after approval by Class C shareholders as of the Funddate first set forth above, at which time it shall should replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares made as of September shares dated December 1, 1993, as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect until December 31, 1997 and from year to year from the date first set forth above thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act0000 Xxx) of the Fund's outstanding Class C voting securities xx xxx Classshares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Multiple Strategies Fund)

Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22, 1995 for the purpose of voting on this Plan, and shall take effect after approval by Class C shareholders of the Fund, at which time it shall replace the Fund's Plan and Agreement of Distribution for the Shares made as of September 1, 1993, as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act0000 Xxx) of the Fund's outstanding voting securities xx xxx of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Quest for Value Family of Funds)

Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22October 16, 1995 1995, for the purpose of voting on this Plan, and shall take effect after approval approved by Class C B shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares made as of September 1, 1993, as amended February adopted May 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class C B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities xx xxx of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Rochester Fund Series)

Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22, 1995 for the purpose of voting on this Plan, and shall take effect after approval by Class C shareholders of the Fund, at which time it shall replace the Fund's Plan and Agreement of Distribution for the Shares made as of September 1, 1993, as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities xx xxx Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Quest for Value Funds)

Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22October 16, 1995 1995, for the purpose of voting on this Plan, and shall take effect after approval approved by Class C B shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares made as of September 1, 1993, as amended February adopted May 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class C B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act0000 Xxx) of the Fund's outstanding voting securities xx xxx of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Rochester Portfolio Series)

Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22, 1995 for the purpose of voting on this Plan, and shall take effect after approval by Class C shareholders of the Fund, at which time it shall replace the Fund's Plan and Agreement of Distribution for the Shares made as of September 1, 1993, and as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act0000 Xxx) of the Fund's outstanding voting securities xx xxx of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Quest for Value Family of Funds)

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Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22October 10, 1995 1996, for the purpose of voting on this Plan, and shall take effect after approval by Class C shareholders as of the Funddate first set forth above, at which time it shall should replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares made as of September 1, 1993, as amended February 1shares dated August 29, 1995. Unless terminated as hereinafter provided, it shall continue in effect until December 31, 1997 and thereafter from year to year from the date first set forth above or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class C Shareholders, B Shareholders in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act0000 Xxx) of the Fund's outstanding Class B voting securities xx xxx Classshares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Oppenheimer Multiple Strategies Fund)

Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22October 10, 1995 1995, for the purpose of voting on this Plan, and shall take effect after approval being approved by Class C B shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares made as of September 1dated February 10, 1993, as amended February 1, 19951994. Unless terminated as hereinafter provided, it shall continue in effect until December 31, 1997 and from year to year from the date first set forth above thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made made, without approval of the Class C Shareholders, B Shareholders in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities xx xxx of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Plan and Agreement (Oppenheimer Global Fund)

Effectiveness, Continuation, Termination and Amendment. This Plan Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on June 22, 1995 for the purpose of voting on this Plan, and shall take effect after approval by Class C shareholders of the Fund, at which time it shall replace the Fund's Plan and Agreement of Distribution for the Shares made as of September 1, 1993, as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act0000 Xxx) of the Fund's outstanding voting securities xx xxx of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Samples: Distribution and Service Plan and Agreement (Quest for Value Family of Funds)

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