FIFTEENTH. This Agreement has been approved by the Directors of the Fund and shall become effective at the close of business on the date hereof. This Agreement shall continue in force and effect for successive annual periods, provided that such continuance is specifically approved at least annually (a) (i) by the Board of Directors of the Fund, or (ii) by vote of a majority of the Fund's outstanding voting securities (as defined in Section 2 (a) (42) of the Investment Company Act of 1940), and (b) by vote of majority of the Fund's Directors who are not interested persons (as defined in Section 2 (a) (19) of the Investment Company Act of 1940) of the Distributor by votes cast in person at a meeting called for such purposes.
Appears in 13 contracts
Samples: Distribution Agreement (Lexington Goldfund Inc), Distribution Agreement (Lexington Gnma Income Fund Inc), Distribution Agreement (Lexington Corporate Leaders Trust Fund)
FIFTEENTH. This Agreement has been approved by the Directors Trustees of the Fund and shall become effective at the close of business on the date hereof. This Agreement shall continue in force and effect for successive annual periods, provided that such continuance is specifically approved at least annually (a) (i) by the Board of Directors Trustees of the Fund, or (ii) by vote of a majority of the Fund's outstanding voting securities (as defined in Section 2 (a) (42) of the Investment Company Act of 1940), and (b) by vote of majority of the Fund's Directors Trustees who are not interested persons (as defined in Section 2 (a) (19) of the Investment Company Act of 1940) of the Distributor by votes cast in person at a meeting called for such purposes.
Appears in 4 contracts
Samples: Distribution Agreement (Lexington Ramirez Global Income Fund), Distribution Agreement (Lexington Money Market Trust), Distribution Agreement (Lexington Convertible Securities Fund)
