Common use of SIXTEENTH Clause in Contracts

SIXTEENTH. (A) This Agreement shall go into effect at the close of business on the date hereof, and, unless terminated as hereinafter provided, shall continue in effect for six months thereafter and from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the Trust's Board of Trustees, including the vote of a majority of the Trustees who are not parties to this Agreement or "interested persons" (as defined in the Act) of any such party cast in person at a meeting called for the purpose of voting on such approval, or by the vote of the holders of a "majority" (as so defined) of the outstanding voting securities of the applicable series and by such vote of the Trustees.

Appears in 6 contracts

Samples: Distribution and Sub Administration Agreement (Mutual Fund Group), Distribution and Sub Administration Agreement (Mutual Fund Investment Trust), Distribution and Sub Administration Agreement (Mutual Fund Select Group)

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SIXTEENTH. (A) This Agreement shall go into effect at the close of business on the date hereof, and, unless terminated as hereinafter provided, shall continue in effect for six months thereafter one year and from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the Trust's ’s Board of Trustees, including the a vote of a the majority of the Trustees who are not parties to this Agreement or "interested persons" (as defined in the Act1000 Xxx) of any such party cast in person at a meeting called for the purpose of voting on such approval, or by the vote of the holders of a "majority" (as so defined) of the outstanding voting securities of the applicable series Funds and by such vote of the Trustees.

Appears in 1 contract

Samples: Distribution Agreement (FBR Funds)

SIXTEENTH. (A) This Agreement shall go into effect at the close of business on the date hereof, and, unless terminated as hereinafter provided, shall continue in effect for six months thereafter one year and from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the TrustFund's Board of TrusteesDirectors ("Directors"), including the a vote of a the majority of the Trustees Fund's Directors who are not parties to this Agreement or "interested persons" (as defined in the Act1000 Xxx) of any such party cast in person at a meeting called for the purpose of voting on such approval, or by the vote of the holders of a "majority" (as so defined) of the outstanding voting securities of the applicable series Fund and by such vote of the TrusteesDirectors.

Appears in 1 contract

Samples: Distribution Agreement (FBR American Gas Index Fund Inc)

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SIXTEENTH. (A) This Agreement shall go into effect at the close of business on the date hereof, and, unless terminated as hereinafter provided, shall continue in effect for six months thereafter one year and from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the Trust's ’s Board of Trustees, including the a vote of a the majority of the Trustees who are not parties to this Agreement or "interested persons" (as defined in the Act0000 Xxx) of any such party cast in person at a meeting called for the purpose of voting on such approval, or by the vote of the holders of a "majority" (as so defined) of the outstanding voting securities of the applicable series Funds and by such vote of the Trustees.

Appears in 1 contract

Samples: Distribution Agreement (FBR Funds)

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