Common use of Length and Termination of Agreement Clause in Contracts

Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the “Initial Term”). Unless otherwise terminated in accordance with its terms, Mellon shall either (i) request that this Agreement be extended for an additional five (5) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be), in either case by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be). If Mellon requests that this Agreement be extended for an additional five (5) year period and the Fund does not reject such request in writing to Mellon by the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall be extended for an additional five (5) year period (a “Renewal Term”). If either (a) Mellon indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds to Mellon’s request to extend for an additional five (5) year period by rejecting such request in writing to Mellon no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware Funds

Appears in 12 contracts

Samples: Fund Accounting and Financial Administration Services Agreement (Delaware Vip Trust), Fund Accounting and Financial Administration Services Agreement (Delaware Group Tax Free Money Fund Inc /), Fund Accounting and Financial Administration Services Agreement (Delaware Investments Global Dividend & Income Fund Inc)

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Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the “Initial Term”). Unless otherwise terminated in accordance with its terms, Mellon DSC shall either (i) request that this Agreement be extended for an additional five (5) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as defined below), as the case may be), in either case by sending a written notice of its intent to the Fund Funds no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be). If Mellon DSC requests that this Agreement be extended for an additional five (5) year period and the Fund does Funds do not reject such request in writing to Mellon DSC by the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall be extended for an additional five (5) year period (a “Renewal Term”). If either (a) Mellon DSC indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund Funds no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds Funds respond to MellonDSC’s request to extend for an additional five (5) year period by rejecting such request in writing to Mellon DSC no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware FundsNotwithstanding the foregoing, this Agreement shall renew automatically in event that the Mellon Fund Accounting Agreement is renewed.

Appears in 10 contracts

Samples: Fund Accounting and Financial Administration Oversight Agreement (Delaware Group Tax Free Fund), Fund Accounting and Financial Administration Oversight Agreement (Voyageur Mutual Funds), Fund Accounting and Financial Administration Oversight Agreement (Delaware Group Equity Funds Iii)

Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the "Initial Term"). Unless otherwise terminated in accordance with its terms, Mellon shall either (i) request that this Agreement be extended for an additional five (5) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be), in either case by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be). If Mellon requests that this Agreement be extended for an additional five (5) year period and the Fund does not reject such request in writing to Mellon by the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall be extended for an additional five (5) year period (a "Renewal Term"). If either (a) Mellon indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds to Mellon’s 's request to extend for an additional five (5) year period by rejecting such request in writing to Mellon no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware Funds.

Appears in 5 contracts

Samples: Administration Services Agreement (Delaware Pooled Trust Inc), Administration Services Agreement (Optimum Fund Trust), Administration Services Agreement (Delaware Group Foundation Funds)

Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the "Initial Term"). Unless otherwise terminated in accordance with its terms, Mellon DSC shall either (i) request that this Agreement be extended for an additional five (5) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as defined below), as the case may be), in either case by sending a written notice of its intent to the Fund Funds no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be). If Mellon DSC requests that this Agreement be extended for an additional five (5) year period and the Fund does Funds do not reject such request in writing to Mellon DSC by the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall be extended for an additional five (5) year period (a "Renewal Term"). If either (a) Mellon DSC indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund Funds no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds Funds respond to Mellon’s DSC's request to extend for an additional five (5) year period by rejecting such request in writing to Mellon DSC no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware FundsNotwithstanding the foregoing, this Agreement shall renew automatically in event that the Mellon Fund Accounting Agreement is renewed.

Appears in 3 contracts

Samples: Accounting and Financial Administration Oversight Agreement (Delaware Group Limited Term Government Funds), Accounting and Financial Administration Oversight Agreement (Voyageur Intermediate Tax Free Funds), Accounting and Financial Administration Oversight Agreement (Delaware Group Adviser Funds Inc /Md/)

Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the "Initial Term"). Unless otherwise terminated in accordance with its terms, Mellon shall either (i) request that this Agreement be extended for an additional five three (53) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be), in either case by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third first anniversary of the effective date of a Renewal Term (as the case may be). If Mellon requests that this Agreement be extended for an additional five three (53) year period and the Fund does not reject such request in writing to Mellon by the sixth anniversary of the Effective Date of the Initial Term or the fourth second anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall be extended for an additional five three (53) year period (a "Renewal Term"). If either (a) Mellon indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third first anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds to Mellon’s 's request to extend for an additional five three (53) year period by rejecting such request in writing to Mellon no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth second anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware Funds.

Appears in 2 contracts

Samples: Administration Services Agreement (Lincoln Variable Insurance Products Trust), Agreement (Lincoln Variable Insurance Products Trust)

Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the "Initial Term"). Unless otherwise terminated in accordance with its terms, Mellon DSC shall either (i) request that this Agreement be extended for an additional five three (53) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as defined below), as the case may be), in either case by sending a written notice of its intent to the Fund Funds no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third first anniversary of the effective date of a Renewal Term (as the case may be). If Mellon DSC requests that this Agreement be extended for an additional five three (53) year period and the Fund does Funds do not reject such request in writing to Mellon DSC by the sixth anniversary of the Effective Date of the Initial Term or the fourth second anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall be extended for an additional five three (53) year period (a "Renewal Term"). If either (a) Mellon DSC indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund Funds no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third first anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds Funds respond to Mellon’s DSC's request to extend for an additional five three (53) year period by rejecting such request in writing to Mellon DSC no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth second anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware FundsNotwithstanding the foregoing, this Agreement shall renew automatically in event that the Mellon Fund Accounting Agreement is renewed.

Appears in 2 contracts

Samples: Oversight Agreement (Lincoln Variable Insurance Products Trust), Agreement (Lincoln Variable Insurance Products Trust)

Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the "Initial Term"). Unless otherwise terminated in accordance with its terms, Mellon shall either (i) request that this Agreement be extended for an additional five three (53) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be), in either case by sending a written notice of its intent to the Fund and Lincoln Life no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third first anniversary of the effective date of a Renewal Term (as the case may be). If Mellon requests that this Agreement be extended for an additional five three (53) year period and neither the Fund does not reject nor Lincoln Life rejects such request in writing to Mellon by the sixth anniversary of the Effective Date of the Initial Term or the fourth second anniversary of the effective date of a Renewal Term (as the case may be), then this Agreement Lincoln Fund A shall be extended for an additional five three (53) year period (a "Renewal Term"). If either (a) Mellon indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund and Lincoln Life no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third first anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds or Lincoln Life respond to Mellon’s 's request to extend for an additional five three (53) year period by rejecting such request in writing to Mellon no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth second anniversary of the effective date of a Renewal Term (as the case may be), then this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware Funds.

Appears in 1 contract

Samples: Lincoln National Variable Annuity Fund A

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Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the “Initial Term”). Unless otherwise terminated in accordance with its terms, Mellon shall either (i) request that this Agreement be extended for an additional five (5) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be), in either case by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be). If Mellon requests that this Agreement be extended for an additional five (5) year period and the Fund does not reject such request in writing to Mellon by the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall be extended for an additional five (5) year period (a “Renewal Term”). If either (a) Mellon indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds to Mellon’s request to extend for an additional five (5) year period by rejecting such request in writing to Mellon no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware Funds.

Appears in 1 contract

Samples: Fund Accounting and Financial Administration Services Agreement (Delaware Group Equity Funds Iii)

Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the "Initial Term"). Unless otherwise terminated in accordance with its terms, Mellon shall either (i) request that this Agreement be extended for an additional five three (53) year period, period or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be), in either case by sending a written notice of its intent to the Fund Insurance Company no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third first anniversary of the effective date of a Renewal Term (as the case may be). If Mellon requests that this Agreement be extended for an additional five three (53) year period and the Fund Insurance Company does not reject such request in writing to Mellon by the sixth anniversary of the Effective Date of the Initial Term or the fourth second anniversary of the effective date of a Renewal Term (as the case may be), then this Agreement shall be extended for an additional five three (53) year period (a "Renewal Term"). If either (a) Mellon indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund Insurance Company no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third first anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund Insurance Company responds to Mellon’s 's request to extend for an additional five three (53) year period by rejecting such request in writing to Mellon no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth second anniversary of the effective date of a Renewal Term (as the case may be), then this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware Funds.

Appears in 1 contract

Samples: Administration Services Agreement (Lincoln New York Account N for Variable Annuities)

Length and Termination of Agreement. A. The term of this Agreement shall begin on the Effective Date and continue for an initial term of seven (7) years (the "Initial Term"). Unless otherwise terminated in accordance with its terms, Mellon DSC shall either (i) request that this Agreement be extended for an additional five (5) year period, or (ii) indicate that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as defined below), as the case may be), in either case by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be). If Mellon DSC requests that this Agreement be extended for an additional five (5) year period and the Fund does not reject such request in writing to Mellon DSC by the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall be extended for an additional five (5) year period (a "Renewal Term"). If either (a) Mellon DSC indicates that this Agreement will be terminated upon the expiration of the Initial Term or a Renewal Term (as the case may be) by sending a written notice of its intent to the Fund no later than three (3) months prior to the fifth anniversary of the Effective Date of the Initial Term or the third anniversary of the effective date of a Renewal Term (as the case may be), or (b) the Fund responds respond to Mellon’s DSC's request to extend for an additional five (5) year period by rejecting such request in writing to Mellon DSC no later than the sixth anniversary of the Effective Date of the Initial Term or the fourth anniversary of the effective date of a Renewal Term (as the case may be), this Agreement shall terminate upon the expiration of the Initial Term or such Renewal Term (as the case may be). Delaware FundsNotwithstanding the foregoing, this Agreement shall renew automatically in event that the Mellon Fund Accounting Agreement is renewed.

Appears in 1 contract

Samples: Accounting and Financial Administration Oversight Agreement (Optimum Fund Trust)

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