Common use of Other Grounds for Termination Clause in Contracts

Other Grounds for Termination. (a) In the event of the termination of the custody agreement between X.X. Xxxxxx and the Customer, X.X. Xxxxxx may terminate this Agreement in whole or in part and cease to provide the Services simultaneously with the transition of the assets of the Customer to a successor custodian, provided that if the Agreement is terminated during the initial term, the termination fee described in Section 7.1 shall apply.

Appears in 4 contracts

Samples: Fund Services Agreement (First Eagle Funds), Fund Services Agreement (First Eagle Funds), Fund Services Agreement (First Eagle Credit Opportunities Fund)

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Other Grounds for Termination. (a) In the event of the termination of the custody agreement between X.X. Xxxxxx and the Customer, X.X. Xxxxxx (i) may terminate this Agreement in whole or in part and cease to provide the Services simultaneously with the transition of the assets of the respective Funds to a successor custodian or (ii) may mutually agree with Customer on an increase to Fees due to changes in Services resulting from Funds’ transition to a successor custodian, provided that if the Agreement is terminated during the initial term, the termination fee described in Section 7.1 shall apply.

Appears in 1 contract

Samples: Fund Accounting Services Agreement

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