Common use of Term of Agreement; Amendment; Assignment Clause in Contracts

Term of Agreement; Amendment; Assignment. a. This Agreement shall become effective with respect to each Fund listed on Schedule A hereof as of the date hereof and, with respect to each Fund not in existence on that date, on the date an amendment to Schedule A to this Agreement relating to that Fund is executed. b. Notwithstanding the foregoing, this Agreement may be terminated, without the payment of any penalty, with respect to a particular Fund: (i) upon mutual consent of the parties, or (ii) upon not less than 30 days’ written notice, by either one of the Funds, or by the Distributor. The terms of this Agreement shall not be waived, altered, modified, amended or supplemented in any manner whatsoever except by a written instrument signed by the Distributor and the Funds. This Agreement will automatically terminate in the event of its “assignment.” c. Sections 6 shall survive termination of this Agreement.

Appears in 2 contracts

Samples: NSCC Services Agreement (Mairs & Power Balanced Fund Inc), NSCC Services Agreement (Mairs & Power Growth Fund Inc)

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Term of Agreement; Amendment; Assignment. a. A. This Agreement shall become effective with respect to each the Fund listed on Schedule A hereof as of the date hereof andhereof. Unless sooner terminated as provided herein, with respect to each Fund not this Agreement shall continue in existence on that date, on effect for one year from the date an amendment to Schedule A to hereof. Thereafter, if not terminated, this Agreement relating shall continue in effect automatically as to that the Fund is executedfor successive one-year periods. b. B. Notwithstanding the foregoing, this Agreement may be terminated, without the payment of any penalty, with respect to a particular Fund: the Fund (i) upon mutual consent of the parties, or (ii) upon not less than 30 days’ written notice, notice by either one of the Funds, Fund or by the DistributorQuasar. The terms of this Agreement shall not be waived, altered, modified, amended or supplemented in any manner whatsoever except by a written instrument signed by the Distributor Quasar and the FundsFund. This Agreement will automatically terminate in may only be assigned with the event written consent of its “assignmentboth parties. c. Sections 6 C. Section 8 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Communication Administration Agreement (DoubleLine Yield Opportunities Fund)

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Term of Agreement; Amendment; Assignment. a. This Agreement shall become effective with respect to each Fund listed on Schedule Exhibit A hereof as of the date hereof and, with respect to each Fund not in existence on that date, on the date an amendment to Schedule Exhibit A to this Agreement relating to that Fund is executed. b. Notwithstanding the foregoing, this Agreement may be terminated, without the payment of any penalty, with respect to a particular Fund: (i) upon mutual consent of the parties, or (ii) upon not less than 30 days’ written notice, by either one of the FundsTrust, or by the Distributor. The terms of this Agreement shall not be waived, altered, modified, amended or supplemented in any manner whatsoever except by a written instrument signed by the Distributor and the FundsTrust. This Agreement will automatically terminate in the event of its “assignment.” c. Sections 6 shall survive termination of this Agreement.

Appears in 1 contract

Samples: NSCC Services Agreement (Mairs & Power Funds Trust)

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