Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date"). (b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (c) Fees payable to FDDI shall be paid by the Company as set forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment. (d) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to any Series. (e) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.
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Samples: Underwriting Agreement (Trainer Wortham First Mutual Funds), Underwriting Agreement (MCM Funds), Underwriting Agreement (Matthews International Funds)
Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date").
(b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
(c) Fees payable to FDDI shall be paid by the Company as set 4 forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment.
(d) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to any Series.
(e) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.
Appears in 1 contract
Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date").
(b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series, ; or (ii) by a vote of a majority of the Board Members Trustees of the Fund Trust who are not parties to this Agreement (other than as Board Members Trustees of the FundTrust) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
(c) Fees payable to FDDI FPSB shall be paid by the Company as Smxxx Xrxxxxx xs set forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment.
(d) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund Trust or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days' written notice to FDDIFPSB; and (ii) may be terminated by FDDI FPSB on sixty (60) days' written notice to the Fund Trust with respect to any Series.
(e) This Agreement shall automatically terminate in the event of its assignment, as defined in the ActInvestment Company Act of 1940.
Appears in 1 contract
Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date").
(b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the 4 purpose of voting on such approval.
(c) Fees payable to FDDI shall be paid by the Company as set forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment.
(d) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to any Series.
(e) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.
Appears in 1 contract
Samples: Investment Advisory Agreement (Smith Breeden Series Fund)
Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date").
(b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series, ; or (ii) by a vote of a majority of the Board Members Trustees of the Fund Trust who are not parties to this Agreement (other than as Board Members Trustees of the FundTrust) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
(c) Fees payable to FDDI FPSB shall be paid by the Company Xxxxx Xxxxxxx as set forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment.
(d) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund Trust or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days' written notice to FDDIFPSB; and (ii) may be terminated by FDDI FPSB on sixty (60) days' written notice to the Fund Trust with respect to any Series.
(e) This Agreement shall automatically terminate in the event of its assignment, as defined in the ActInvestment Company Act of 1940.
Appears in 1 contract
Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date").
(b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
(c) Fees payable to FDDI shall be paid by the Company as set forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment.
(d) This Agreement (i) may be terminated as to any Series at any time without the payment of any penalty, either by a vote of the Trustees Directors of the Fund or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to any Series.
(e) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.
Appears in 1 contract
Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date").
(b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Seriesthe Fund, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
(c) Fees payable to FDDI shall be paid by the Company as set forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment.
(d) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees Directors of the Fund or by a vote of a majority of the outstanding voting securities of each Series the Fund with respect to such Seriesthe Fund, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to any Seriesthe Fund.
(e) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.
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Samples: Underwriting Agreement (Stratton Monthly Dividend Reit Shares Inc)