Common use of Novation and Acceptance Clause in Contracts

Novation and Acceptance. Subject to the terms and conditions contained herein. NB Management hereby effects a novation of the Distribution Agreements to substitute NB LLC for NB Management as a party to such agreement, and the Trust hereby consents to such Novation and hereby releases NB Management from all of its duties and obligations under the Distribution Agreements, and NB LLC hereby accepts the Novation and hereby releases NB Management from all of its duties and obligations under the Distribution Agreements and assumes all rights, duties and obligations of NB Management under the Distribution Agreements.

Appears in 6 contracts

Samples: Distribution and Services Agreement (Neuberger Berman Alternative Funds), Novation of Distribution Agreement (Neuberger Berman Alternative Funds), Novation of Distribution Agreement (Neuberger Berman Income Funds)

AutoNDA by SimpleDocs

Novation and Acceptance. Subject to the terms and conditions contained herein. NB Management hereby effects a novation of the Distribution Agreements Agreement to substitute NB LLC for NB Management as a party to such agreement, and the Trust hereby consents to such Novation and hereby releases NB N B Management from all of its duties and obligations under the Distribution AgreementsAgreement, and NB LLC hereby accepts the Novation and hereby releases NB N B Management from all of its duties and obligations under the Distribution Agreements Agreement and assumes all rights, duties and obligations of NB Management under the Distribution AgreementsAgreement.

Appears in 1 contract

Samples: Distribution and Services Agreement (Neuberger Berman Advisers Management Trust)

AutoNDA by SimpleDocs

Novation and Acceptance. Subject to the terms and conditions contained herein. NB Management hereby effects a novation of the Distribution Agreements Agreement to substitute NB LLC for NB Management as a party to such agreement, and the Trust hereby consents to such Novation and hereby releases NB Management from all of its duties and obligations under the Distribution AgreementsAgreement, and NB LLC hereby accepts the Novation and hereby releases NB Management from all of its duties and obligations under the Distribution Agreements Agreement and assumes all rights, duties and obligations of NB Management under the Distribution AgreementsAgreement.

Appears in 1 contract

Samples: Novation of Distribution Agreement (Neuberger Berman Advisers Management Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!