Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS will present its plan of action to the Board prior to taking such action. Under such circumstances NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would continue as amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would end, and the Trust would pay NLCS only for fees and Out of Pocket Expenses accrued up to the point in time when the Board’s new Chief Compliance Officer officially assumes responsibility.
Appears in 20 contracts
Samples: Consulting Agreement (North Country Funds), Consulting Agreement (North Country Funds), Consulting Agreement (Northern Lights Fund Trust)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS NLCS, to the extent possible, will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, If the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Trust would will be obligated to pay NLCS only for fees and Out of Pocket Expenses reimbursable expenses accrued up to the point in time when the Board’s new Chief Compliance Officer chief compliance officer officially assumes responsibility.
Appears in 12 contracts
Samples: Consulting Agreement (Ultimus Managers Trust), Consulting Agreement (Longleaf Partners Funds Trust), Consulting Agreement (Atlas U.S. Tactical Income Fund)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS NLCS, to the extent possible, will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, If the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Trust would will be obligated to pay NLCS only for fees and Out of Pocket Expenses out-of-pocket expenses accrued up to the point in time when the Board’s new Chief Compliance Officer chief compliance officer officially assumes responsibility.
Appears in 6 contracts
Samples: Consulting Agreement (Northern Lights Fund Trust Ii), Consulting Agreement (Northern Lights Fund Trust Iii), Consulting Agreement (Northern Lights Fund Trust Iii)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS NLCS, to the extent possible, will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, If the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Trust would Fund will be obligated to pay NLCS only for fees and Out of Pocket Expenses out-of-pocket expenses accrued up to the point in time when the Board’s new Chief Compliance Officer chief compliance officer officially assumes responsibility.
Appears in 6 contracts
Samples: Consulting Agreement (Alternative Strategies Fund), Consulting Agreement (Primark Private Equity Fund), Consulting Agreement (Ellington Income Opportunities Fund)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement contract with the Chief Compliance Officer, then NLCS will present its plan of action to the Board prior to taking such action. Under such circumstances NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would continue as amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would end, and the Trust would pay NLCS only for fees and Out of Pocket Expenses accrued up to the point in time when the Board’s new Chief Compliance Officer officially assumes responsibility.
Appears in 6 contracts
Samples: Consulting Agreement (Miller Investment Trust), Northern Lights Compliance Services (Miller Investment Trust), Consulting Agreement (National Retail Fund II)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS NLCS, to the extent possible, will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, If the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Trust would Fund will be obligated to pay NLCS only for fees and Out of Pocket Expenses reimbursable expenses accrued up to the point in time when the Board’s new Chief Compliance Officer chief compliance officer officially assumes responsibility.
Appears in 5 contracts
Samples: Consulting Agreement (North Square Evanston Multi-Alpha Fund), Consulting Agreement (Dynamic Alternatives Fund), Consulting Agreement (Lind Capital Partners Municipal Credit Income Fund)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Trust would will be obligated to pay NLCS only for fees and Out of Pocket Expenses accrued up to the point in time when NLCS ceases to provide services to the Board’s new Chief Compliance Officer officially assumes responsibilityTrust.
Appears in 2 contracts
Samples: Consulting Agreement (Leader Funds Trust), Consulting Agreement (Leader Funds Trust)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS NLCS, to the extent possible, will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, If the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Adviser or the Trust would will be obligated to pay NLCS only for fees and Out of Pocket Expenses out-of-pocket expenses accrued up to the point in time when the Board’s new Chief Compliance Officer chief compliance officer officially assumes responsibility.
Appears in 2 contracts
Samples: Consulting Agreement (VELA Funds), Consulting Agreement (VELA Funds)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS NLCS, to the extent possible, will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, If the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Trust would Company will be obligated to pay NLCS only for fees and Out of Pocket Expenses reimbursable expenses accrued up to the point in time when the Board’s new Chief Compliance Officer chief compliance officer officially assumes responsibility.
Appears in 2 contracts
Samples: Consulting Agreement (Boyar Value Fund Inc), Etf Consulting Agreement (Humankind Benefit Corp)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS NLCS, to the extent possible, will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, If the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Trust would will be obligated to pay NLCS only for non-disputed fees and Out of Pocket Expenses reimbursable expenses accrued up to the point in time when the Board’s new Chief Compliance Officer chief compliance officer officially assumes responsibility.
Appears in 1 contract
Samples: Consulting Agreement (Cantor Select Portfolios Trust)
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s ’ arrangement with the Chief Compliance Officer, NLCS will present its plan of action to the Board prior to taking such action. Under such circumstances circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would this Agreement will continue as and be deemed amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would endthis Agreement will terminate, and the Trust would will be obligated to pay NLCS only for fees and Out of Pocket Expenses accrued up to the point in time when NLCS ceases to provide services to the Board’s new Chief Compliance Officer officially assumes responsibilityTrust.
Appears in 1 contract
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS will present its plan of action to the Board prior to taking such action. Under such circumstances NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would continue as amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would end, and the Trust Company would pay NLCS only for fees and Out of Pocket Expenses accrued up to the point in time when the Board’s new Chief Compliance Officer officially assumes responsibility.
Appears in 1 contract
Samples: Consulting Agreement (Santa Barbara Group of Mutual Funds Inc)
