TERM, TERMINATION AND AMENDMENT. (a) This Agreement shall become effective on the date of its execution and shall remain in full force and effect for a period of three (3) years from the effective date (the “Initial Term”) and shall automatically continue in full force and effect after such Initial Term unless either party terminates this Agreement by written notice to the other party at least one hundred twenty (120) days prior to the expiration of the Initial Term. After the completion of the Initial Term either party may terminate the Agreement upon one hundred twenty (120) days prior written notice to the other party. (b) During the Initial Term, this Agreement may be terminated only (i) by provision of a notice of nonrenewal as set forth above, (ii) immediately by mutual written agreement of the parties, or (iii) immediately for “cause,” as defined below.
Appears in 3 contracts
Samples: Sub Administration Agreement, Sub Administration Agreement (Nicholas Applegate Global Equity & Convertible Income Fund), Sub Administration Agreement (Nicholas-Applegate Equity & Convertible Income Fund)
TERM, TERMINATION AND AMENDMENT. (a) This Agreement shall become effective on the date of its execution and shall remain in full force and effect for a period of three (3) years from the effective date (the “Initial Term”) and shall automatically continue in full force and effect after such Initial Term unless either party terminates this Agreement by written notice to the other party at least one hundred twenty (120) days prior to the expiration of the Initial Terminitial term. After the completion of the Initial Term Term, either party may terminate the Agreement upon at least one hundred twenty (120) days prior written notice to the other party.
(b) During the Initial Term, this Agreement may be terminated only (i) immediately by provision of a notice of nonrenewal as set forth above, (ii) immediately by mutual written agreement of the parties, or (iii) immediately for “cause,” as defined below.
Appears in 2 contracts
Samples: Sub Administration Agreement (Allianz Funds), Sub Administration Agreement (PIMCO Income Opportunity Fund)
TERM, TERMINATION AND AMENDMENT. (a) This Agreement shall become effective on the date of its execution and shall remain in full force and effect for a period of three (3) years from the effective date (the “Initial Term”) and shall automatically continue in full force and effect after such Initial Term initial term unless either party terminates this Agreement by written notice to the other party at least one hundred twenty sixty (12060) days prior to the expiration of the Initial Term. After the completion of the Initial Term either party may terminate the Agreement upon one hundred twenty (120) days prior written notice to the other partyinitial term.
(b) During the Initial Terminitial term, this Agreement may be terminated only (i) by provision of a notice of nonrenewal as set forth above, (ii) immediately by mutual written agreement of the parties, or (iii) immediately for “cause,” as defined below.
Appears in 2 contracts
Samples: Administration Agreement (Allstate Financial Investment Trust), Administration Agreement (Allstate Financial Investment Trust)
TERM, TERMINATION AND AMENDMENT. (a) This Agreement shall become effective on the date of its execution and shall remain in full force and effect for a period of three (3) years from the effective date (the “Initial Term”) and shall automatically continue in full force and effect after such Initial Term initial term unless either party terminates this Agreement by written notice to the other party at least one hundred twenty sixty (12060) days prior to the expiration of the Initial Term. After the completion of the Initial Term either party may terminate the Agreement upon one hundred twenty (120) days prior written notice to the other partyinitial term.
(b) During the Initial Terminitial term, this Agreement may be terminated only (i) by provision of a notice of nonrenewal non-renewal as set forth above, (ii) immediately by mutual written agreement of the parties, or (iii) immediately for “"cause,” " as defined below.
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