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 the Parties. b. This Agreement may be terminated at any time by any Party upon sixty days’ prior written notice to the other Parties, and may be terminated earlier by a Party upon written notice to the other Parties at any time in the event of a breach by another Party of any provision of this Agreement. This Agreement will be binding on each Party’s successors and assigns, but the Parties agree that no Party can assign its rights and obligations under this Agreement without the prior written consent of the other Parties. c. This Agreement may be amended by the Distributor from time to time without the consent of the Participant or Index Receipt Agent by the following procedure. The Distributor will deliver a copy of the amendment to the Participant and the Index Receipt Agent in accordance with Clause 18 (Notices). If neither the Participant nor the Index Receipt Agent objects in writing to the amendment within five days after its receipt, the amendment will become part of this Agreement in accordance with its terms. Notwithstanding the foregoing, the Distributor may amend Annex I to reflect changes to the Fund line up and may add a new Fund upon reasonable advance written notice to the Participant (without consent from the Participant).