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Common use of Events of Termination Clause in Contracts

Events of Termination. This Agreement shall continue in full force and effect until the first to occur of: (a) termination by the Custodian or the Funds by an instrument in writing delivered to the other party, such termination to take effect not sooner than ninety (90) days after the date of such delivery; or (b) termination by the Funds by written notice delivered to the Custodian, based upon the Funds' determination that there is a reasonable basis to conclude that the Custodian is insolvent or that the financial condition of the Custodian is deteriorating in any material respect, in which case termination shall take effect upon the Custodians receipt of such notice or at such later time as the Funds shall designate; provided, however, that this Agreement may be terminated as to one or more Funds (but less than all Funds) by delivery of an amended Schedule X-0, X-0, X-0 or A-4 pursuant to Section7.03 hereof. The execution and delivery of an amended Schedule X-0, X-0, X-0 or A-4 which deletes one or more Funds shall constitute a termination of this Agreement only with respect to such deleted Fund(s).

Appears in 72 contracts

Samples: Joint Trading Account Custody Agreement (Fidelity Garrison Street Trust), Joint Trading Account Custody Agreement (Fidelity Advisor Series Viii), Joint Trading Account Custody Agreement (Variable Insurance Products Fund Iv)

Events of Termination. This Agreement shall continue in full force and effect until the first to occur of: (a) termination by the Custodian or the Funds by an instrument in writing delivered to the other party, such termination to take effect not sooner than ninety (90) days after the date of such delivery; or (b) termination by the Funds by written notice delivered to the Custodian, based upon the Funds' determination that there is a reasonable basis to conclude that the Custodian is insolvent or that the financial condition of the Custodian is deteriorating in any material respect, in which case termination shall take effect upon the Custodians receipt of such notice or at such later time as the Funds shall designate; provided, however, that this Agreement may be terminated as to one or more Funds (but less than all Funds) by delivery of an amended Schedule X-0A-1, X-0, X-0 or xx A-4 pursuant to Section7.03 hereof. The execution and delivery of an amended Schedule X-0A-1, X-0, X-0 or xx A-4 which deletes one or more Funds shall constitute a termination of this Agreement only with respect to such deleted Fund(s).

Appears in 21 contracts

Samples: Joint Trading Account Custody Agreement (Fidelity Commonwealth Trust), Joint Trading Account Custody Agreement (Fidelity Select Portfolios), Joint Trading Account Custody Agreement (Fidelity Aberdeen Street Trust)

Events of Termination. This Agreement shall continue in full force and effect until the first to occur of: (a) termination by the Custodian or the Funds by an instrument in writing delivered to the other party, such termination to take effect not sooner than ninety (90) days after the date of such delivery; or (b) termination by the Funds by written notice delivered to the Custodian, based upon the Funds' determination that there is a reasonable basis to conclude that the Custodian is insolvent or that the financial condition of the Custodian is deteriorating in any material respect, in which case termination shall take effect upon the Custodians receipt of such notice or at such later time as the Funds shall designate; provided, however, that this Agreement may be terminated as to one or more Funds (but less than all Funds) by delivery of an amended Schedule X-0A-1, X-0A-2, A-3 xx X-0 or A-4 pursuant xxxxxxnt to Section7.03 hereof. The execution and delivery of an amended Schedule X-0A-1, X-0A-2, A-3 xx X-0 or A-4 which xxxxx deletes one or more Funds shall constitute a termination of this Agreement only with respect to such deleted Fund(s).

Appears in 7 contracts

Samples: Joint Trading Account Custody Agreement (Fidelity Advisor Series I), Joint Trading Account Custody Agreement (Fidelity Capital Trust), Joint Trading Account Custody Agreement (Fidelity Capital Trust)

Events of Termination. This Agreement shall continue in full force and effect until the first to occur of: (a) termination by the Custodian or the Funds by an instrument in writing delivered to the other party, such termination to take effect not sooner than ninety (90) days after the date of such delivery; or (b) termination by the Funds by written notice delivered to the Custodian, based upon the Funds' determination that there is a reasonable basis to conclude that the Custodian is insolvent or that the financial condition of the Custodian is deteriorating in any material respect, in which case termination shall take effect upon the Custodians receipt of such notice or at such later time as the Funds shall designate; provided, however, that this Agreement may be terminated as to one or more Funds (but less than all Funds) by delivery of an amended Schedule X-0A-1, X-0A-2, A-3 or X-0 or A-4 pursuant xxxxxxxx to Section7.03 hereof. The execution and delivery of an amended Schedule X-0A-1, X-0A-2, A-3 or X-0 or A-4 which deletes xxxxx xxletes one or more Funds shall constitute a termination of this Agreement only with respect to such deleted Fund(s).

Appears in 1 contract

Samples: Joint Trading Account Custody Agreement (Fidelity Covington Trust)

Events of Termination. This Agreement shall continue in full force and effect until the first to occur of: (a) termination by the Custodian or the Funds by an instrument in writing delivered to the other party, such termination to take effect not sooner than ninety (90) days after the date of such delivery; or (b) termination by the Funds by written notice delivered to the Custodian, based upon the Funds' determination that there is a reasonable basis to conclude that the Custodian is insolvent or that the financial condition of the Custodian is deteriorating in any material respect, in which case termination shall take effect upon the Custodians receipt of such notice or at such later time as the Funds shall designate; provided, however, that this Agreement may be terminated as to one or more Funds (but less than all Funds) by delivery of an amended Schedule X-0A-0, X-0, X-0 or A-4 pursuant to Section7.03 hereof. The execution and delivery of an amended Schedule X-0A-0, X-0, X-0 or A-4 which deletes one or more Funds shall constitute a termination of this Agreement only with respect to such deleted Fund(s).

Appears in 1 contract

Samples: Joint Trading Account Custody Agreement (Fidelity Advisor Series Viii)