Termination and Governing Law Clause Samples
The 'Termination and Governing Law' clause defines the conditions under which an agreement may be ended and specifies which jurisdiction's laws will govern the interpretation and enforcement of the contract. Typically, this clause outlines the procedures for either party to terminate the agreement, such as providing written notice or meeting certain criteria, and identifies the state or country's legal system that will apply to any disputes. Its core function is to provide clarity and predictability regarding how and when the contract can be concluded and to ensure both parties understand which legal framework will resolve any issues that arise.
Termination and Governing Law. (a) This Agreement will continue until terminated in writing by either party upon 60 days’ notice to the other party. Upon termination of this Agreement, to the extent necessary to comply with Section 12(d)(1) of the 1940 Act and Rule 12d1-4, the Acquiring Fund shall be entitled to reduce the amount of any remaining unpaid capital commitment to the Acquired Fund pursuant to the Subscription Agreement between the Acquiring Fund and the Acquired Fund to $0.
(b) This Agreement will be governed by laws of New York without regard to choice of law principles.
Termination and Governing Law. (a) This Agreement will continue with respect to each Acquiring Fund or Acquired Fund until terminated in writing by a party upon 60 days’ notice to the other party. In the event of the termination or dissolution of a Acquiring Fund or Acquired Fund, this Agreement shall be terminated as to that Acquiring Fund or Acquired Fund, as applicable, and shall continue with respect to the non-terminating or non-dissolving Acquiring Fund(s) or Acquired Fund(s).
(b) Upon termination of this Agreement, the Acquiring Fund(s) may not purchase additional shares of the terminated Acquired Fund(s) beyond the Section 12(d)(1)(A) limits in reliance on the Rule. While the terms of the Agreement shall only be applicable to investments in Acquired Fund(s) made in reliance on the Rule, as interpreted or modified by the SEC or its staff from time to time, the Agreement shall continue in effect until terminated pursuant to Section 6(a).
(c) This Agreement will be governed by laws of Delaware without regard to choice of law principles.
Termination and Governing Law. (a) This Agreement will continue until terminated in writing by either party upon 30 days’ notice to the other party.
(b) This Agreement will be governed by laws of Delaware without regard to choice of law principles.
Termination and Governing Law. (a) This Agreement will continue until terminated in writing by either party upon 60 days’ notice to the other party. Upon termination of this Agreement by the Acquired Fund, to the extent necessary to comply with Section 12(d)(1) of the 1940 Act and Rule 12d1-4, the Acquiring Fund shall be entitled to reduce the amount of any remaining unpaid capital commitment to the Acquired Fund pursuant to the Subscription Agreement between the Acquiring Fund and the Acquired Fund to $0.
(b) This Agreement will be governed by laws of Delaware without regard to choice-of-law principles.
Termination and Governing Law. (a) This Agreement will continue until terminated in writing by either party upon 60 days’ notice to the other party. Upon termination of this Agreement, to the extent necessary to comply with Section 12(d)(1) of the 1940 Act and Rule 12d1-4, the Acquiring Fund shall be entitled to reduce the amount of any remaining unpaid capital commitment to the Acquired Fund pursuant to the Subscription Agreement between the Acquiring Fund and the Acquired Fund to $0.
(b) This Agreement will be governed by laws of Illinois without regard to choice of law principles.
Termination and Governing Law. (a) This Agreement will continue until terminated in writing by either party upon 60 days’ notice to the other party. Upon termination of this Agreement, to the extent necessary to comply with Section 12(d)(1) of the 1940 Act and Rule 12d1-4, the Acquiring Fund shall be entitled to reduce the amount of any remaining unpaid capital commitment to the Acquired Fund pursuant to the Subscription Agreement between the Acquiring Fund and the Acquired Fund to $0.
(b) This Agreement will be governed by laws of New York without regard to choice of law principles.
(c) The Funds agree to resolve all disputes, claims or controversies arising under this Agreement in accordance with the dispute resolution procedures contained in the Subscription Agreement entered into by them in connection with the Acquiring Fund's purchase of Shares.
(d) If this Agreement is terminated pursuant to this Section 5, the obligations of the Acquiring Fund to vote Shares of the Acquired Fund pursuant to Section 2(d) and to provide information pursuant to Section 2(f) and the grant of proxy pursuant to Section 2 shall survive and remain continuing obligations of the Acquiring Fund so long as the Acquiring Fund holds Shares of the Acquired Fund.
Termination and Governing Law. (a) This Agreement will continue until terminated in writing by either party upon 60 days’ notice to the other party.
(b) This Agreement will be governed by laws of Maryland without regard to choice of law principles.
Termination and Governing Law. (a) This Agreement will continue until terminated in writing by either party upon 60 days’ notice to the other party. Upon termination of this Agreement, to the extent necessary to comply with Section 12(d)(1) of the 1940 Act and Rule 12d1-4, the Acquired Fund shall not call capital from any remaining unpaid capital commitment to the Acquired Fund pursuant to the Subscription Agreement between the Funds if such capital call will cause the Acquiring Fund to own more than 3% of the Acquired Fund’s outstanding voting securities or if the Acquiring Fund owns more than 3% of the Acquired Fund’s outstanding voting securities.
(b) This Agreement will be governed by laws of New York without regard to choice of law principles.
Termination and Governing Law. This Agreement will continue until terminated in writing by either party upon 60 days’ notice to the other party.
Termination and Governing Law. (a) This Agreement will continue until terminated in writing by either party upon 60 days’ notice to the other party.
(b) This Agreement will be governed by laws of Delaware without regard to choice of law principles.
(c) The Funds agree to resolve all disputes, claims or controversies arising under this Agreement in accordance with the dispute resolution procedures contained in the Subscription Agreement entered into by them in connection with the Acquiring Fund’s purchase of Common Shares.
(d) If this Agreement is terminated pursuant to this Section 6, the obligations of the Acquiring Fund to vote Common Shares of the Fund pursuant to Section 2(d) and to provide information pursuant to Section 2(f) and the grant of proxy pursuant to Section 3 shall survive and remain continuing obligations of the Acquiring Fund so long as the Acquiring Fund holds Common Shares of the Acquired Fund.