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. This Agreement may be amended only if such amendment is approved (i) by the Distributor, (ii) either by action of the Board of Trustees of the Fund or at a meeting of the Shareholders of the Fund by the affirmative vote of a majority of the outstanding Shares, and (iii) by a majority of the Trustees of the Fund who are not interested persons of the Fund or of the Distributor by vote cast in person at a meeting called for the purpose of voting on such approval. Either the Fund or the Distributor may at any time terminate this Agreement on sixty (60) days written notice delivered or mailed by registered mail, postage prepaid, to the other parties.

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

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

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

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

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

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

Termination and Amendment of this Agreement. This Agreement shall automatically terminate, without the payment of any penalty, in the event of its assignment. This Agreement may be amended only if such amendment is approved (i) by the DistributorUnderwriter, (ii) either by action of the Board of Trustees Directors of the Fund or at a meeting of the Shareholders of the Fund by the affirmative vote of a majority of the outstanding Shares, and (iii) by a majority of the Trustees Directors of the Fund who are not interested persons of the Fund or of the Distributor Underwriter by vote cast in person at a meeting called for the purpose of voting on such approval. Either The parties may terminate this Agreement upon mutual written consent and the Fund or the Distributor may at any time terminate this Agreement on sixty ten (6010) days days' written notice delivered or mailed by registered mail, postage prepaid, to the other partiesUnderwriter.