Common use of EFFECTIVENESS, TERMINATION, AND AMENDMENT OF AGREEMENT Clause in Contracts

EFFECTIVENESS, TERMINATION, AND AMENDMENT OF AGREEMENT. (a) This Agreement shall become effective upon execution by both parties and acceptance by the Bank. This Agreement may be terminated for any reason by either party upon 10 days’ written notice to the other party, and may be terminated immediately by the Distributor in the event of a breach by the Participant of any provision of this Agreement or the procedures described or incorporated herein. The terms of Section 11 (Indemnification) shall survive the termination of this Agreement. (b) This Agreement may not be amended, except with the written consent of all parties; provided however, that (i) the Annexes to this Agreement may be amended as set forth in paragraph (c) and (d) of this Section 14, and (ii) any party may designate a new person with new contact information pursuant to Section 13, and such notice will be effective immediately upon receipt by the other party. (c) The Distributor may amend Annexes I, II, IV, and VI to this Agreement from time to time by delivering a copy of the amendment to the Participant and the Bank in accordance with Section 13. The amendment will become effective immediately upon receipt. (d) The Participant may amend Annexes III and V to this Agreement from time to time by delivering a copy of the amendment to the Distributor and the Bank in accordance with Section 13 above. The amendment will become effective immediately upon receipt.

Appears in 9 contracts

Samples: Authorized Participant Agreement (Vanguard International Equity Index Funds), Authorized Participant Agreement (Vanguard Charlotte Funds), Authorized Participant Agreement (Vanguard Tax-Managed Funds)

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EFFECTIVENESS, TERMINATION, AND AMENDMENT OF AGREEMENT. (a) This Agreement shall become effective upon execution by both parties and acceptance by the Bank. This Agreement may be terminated for any reason by either party upon 10 days' written notice to the other party, and may be terminated immediately by the Distributor in the event of a breach by the Participant of any provision of this Agreement or the procedures described or incorporated herein. The terms of Section 11 (Indemnification) shall survive the termination of this Agreement. (b) This Agreement may not be amended, except with the written consent of all parties; provided however, that (i) the Annexes to this Agreement may be amended as set forth in paragraph (c) and (d) of this Section 14, and (ii) any party may designate a new person with new contact information pursuant to Section 13, and such notice will be effective immediately upon receipt by the other party. (c) The Distributor may amend Annexes IXxxxxxx X, II, IV, and VI to this Agreement from time to time by delivering a copy of the amendment to the Participant and the Bank in accordance with Section 13. The amendment will become effective immediately upon receipt. (d) The Participant may amend Annexes III Xxxxxxx XXX and V to this Agreement from time to time by delivering a copy of the amendment to the Distributor and the Bank in accordance with Section 13 above. The amendment will become effective immediately upon receipt.

Appears in 3 contracts

Samples: Authorized Participant Agreement (Vanguard Valley Forge Funds), Authorized Participant Agreement (Vanguard Institutional Index Funds), Authorized Participant Agreement (Vanguard Montgomery Funds)

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EFFECTIVENESS, TERMINATION, AND AMENDMENT OF AGREEMENT. (a) This Agreement shall become effective upon execution by both parties and acceptance by the Bank. This Agreement may be terminated for any reason by either party upon 10 days’ written notice to the other party, and may be terminated immediately by the Distributor in the event of a breach by the Participant of any provision of this Agreement or the procedures described or incorporated herein. The terms of Section 11 (Indemnification) shall survive the termination of this Agreement. (b) This Agreement may not be amended, except with the written consent of all parties; provided however, that (i) the Annexes to this Agreement may be amended as set forth in paragraph (c) and (d) of this Section 14, and (ii) any party may designate a new person with new contact information pursuant to Section 13, and such notice will be effective immediately upon receipt by the other party. (c) The Distributor may amend Annexes I, II, IV, VI, and VI VII to this Agreement from time to time by delivering a copy of the amendment upon notice to the Participant and the Bank in accordance with Section 13. The amendment will become effective immediately upon receipt. (d) The Participant may amend Annexes III and V to this Agreement the form designating Authorized Persons from time to time by delivering a copy of updating the amendment Authorized Person list via the ETF Portal. Annexes III and V may be amended from time to time upon notice to the Distributor and the Bank in accordance with Section 13 above. The amendment will become effective immediately upon receipt.

Appears in 1 contract

Samples: Authorized Participant Agreement (Vanguard Wellington Fund)

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