Common use of Termination and Amendment of this Agreement Clause in Contracts

Termination and Amendment of this Agreement. This Agreement shall automatically terminate, without the payment of any penalty, in the event of its assignment, as that term is defined in the Act, by Distributor. This Agreement may be amended only if such amendment is approved (i) by Distributor and (ii) by the Board of Trustees of the Trust, including the approval of a majority of the Trustees of the Trust who are not interested persons of the Trust or of Distributor by vote cast in person at a meeting called for the purpose of voting on such approval. Either the Trust or Distributor may at any time terminate this Agreement with respect to any Fund on sixty (60) days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party.

Appears in 21 contracts

Samples: Distribution Agreement (Waycross Independent Trust), Distribution Agreement (Ultimus Managers Trust), Distribution Agreement (Unified Series Trust)

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Termination and Amendment of this Agreement. This Agreement shall automatically terminate, without the payment of any penalty, in the event of its assignment, as that term is defined in the Act, by Distributor. This Agreement may be amended only if such amendment is approved (i) by Distributor and Distributor, (ii) either by action of the Board of Trustees Directors of the Trust, including Fund or at a meeting of the approval Shareholders of the Fund by the affirmative vote of a majority of the Trustees outstanding Shares, and (iii) by a majority of the Trust Directors of the Fund who are not interested persons of the Trust Fund or of Distributor by vote cast in person at a meeting called for the purpose of voting on such approval. Either the Trust Fund or Distributor may at any time terminate this Agreement with respect to any Fund on sixty (60) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party.

Appears in 6 contracts

Samples: Distribution Agreement (Runkel Funds), Distribution Agreement (Forester Funds Inc), Distribution Agreement (Threshold Advisor Funds Inc)

Termination and Amendment of this Agreement. This Agreement shall automatically terminate, without the payment of any penalty, in the event of its assignment, as that term is defined in the Act, by Distributor. This Agreement may be amended only if such amendment is approved (i) by Distributor and (ii) by the Board of Trustees of the Trust, including the approval of a majority of the Trustees of the Trust who are not interested persons of the Trust or of Distributor by vote cast in person at a meeting called for the purpose of voting on such approval. Either the Trust or Distributor may at any time terminate this Agreement with respect to any Fund on sixty (60) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party.

Appears in 4 contracts

Samples: Distribution Agreement (Unified Series Trust), Distribution Agreement (Unified Series Trust), Distribution Agreement (Unified Series Trust)

Termination and Amendment of this Agreement. This Agreement shall automatically terminate, without the payment of any penalty, in the event of its assignment, as that term is defined in the Act, by Distributor. This Agreement may be amended only if such amendment is approved (i) by the Distributor and (ii) either by action of the Board of Trustees of the Trust, including the approval of a majority of the Trustees of the Trust who are not interested persons persons” of the Trust or of Distributor the Distributor, as that term is defined in the 1940 Act (“Independent Trustees”), or by the affirmative vote cast in person at of a meeting called for majority of the purpose outstanding Shares of voting on such approvalthe Trust. Either the Trust or the Distributor may may, at any time time, terminate this Agreement with respect to any Fund on sixty (60) days’ days written notice delivered or mailed by registered mailmailed, postage prepaid, to the other party.

Appears in 2 contracts

Samples: Principal Underwriting Agreement (Meeder Funds), Principal Underwriting and Distribution Agreement (Advisers Investment Trust)

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Termination and Amendment of this Agreement. This Agreement shall automatically terminate, without the payment of any penalty, in the event of its assignment, as that term is defined in the Act, assignment by Distributor. This Agreement may be amended only if such amendment is approved (i) by Distributor Distributor, (ii) by the Advisers and (iiiii) by the Board of Trustees of the Trust, including the approval of a majority of the Trustees of the Trust who are not interested persons of the Trust or of Distributor by vote cast in person at a meeting called for the purpose of voting on such approval. Either The Trust, the Trust Advisers or Distributor may at any time terminate this Agreement with respect to any Fund on sixty (60) days' written notice delivered or mailed by registered mail, postage prepaid, to the other party.

Appears in 1 contract

Samples: Distribution Agreement (F/M Funds Trust)

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