Common use of Termination at End of Term Clause in Contracts

Termination at End of Term. This Agreement may be terminated by either party hereto, without payment of any penalty, at the end of a then-current term upon written notice thirty (30) days prior to the end of such then-current term of the Agreement to the other party at its principal place of business; provided that, in the case of termination by the Trust, such action shall be authorized by resolution of a majority of the Non-Interested Trustees of the Trust or by a vote of a majority of the outstanding voting securities of the Trust. Any termination pursuant to this paragraph 2 shall become effective, unless otherwise specifically agreed upon, on the last day of the then-current term of the Agreement.

Appears in 2 contracts

Samples: Expense Limitation Agreement (Cornercap Group of Funds /Va/), Expense Limitation Agreement (Cornercap Group of Funds /Va/)

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Termination at End of Term. This Agreement may be terminated by either party hereto, without payment of any penalty, at the end of a then-current term upon written notice thirty (30) days prior to the end of such then-current term of the Agreement to the other party at its principal place of business; provided that, in the case of termination by the Trust, such action shall be authorized by resolution of a majority of the Non-Interested Trustees of the Trust or by a vote of a majority of the outstanding voting securities of the Trust. Any termination pursuant to this paragraph 2 shall become effective, unless otherwise specifically agreed upon, on the last day of the then-current cur-ient term of the Agreement.

Appears in 1 contract

Samples: Expense Limitation Agreement (Cornercap Group of Funds /Va/)

Termination at End of Term. This Agreement may be terminated by either party hereto, without payment of any penalty, at the end of a then-current term upon written notice thirty (30) days prior to the end of such then-current term of the Agreement to the other party at at. its principal place of business; provided that, in the case of termination by the Trust, such action shall be authorized by resolution of a majority of the Non-Interested Trustees of the Trust or by a vote of a majority of the outstanding voting securities of the Trust. Any termination pursuant to this paragraph 2 shall become effective, unless otherwise specifically agreed upon, on the last day of the then-current term of the Agreement.

Appears in 1 contract

Samples: Expense Limitation Agreement (Cornercap Group of Funds /Va/)

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Termination at End of Term. This Agreement may be terminated by either party hereto, without payment of any penalty, at the end of a then-current term upon written notice thirty (30) days prior to the end of such then-current term of the Agreement to the other party at its principal place of business; provided that, in the case of termination by the Trust, such action shall be authorized by resolution of a majority of the Non-Interested Trustees of the Trust or by a vote of a majority of the outstanding voting securities of the Trust. Any termination pursuant to this paragraph 2 shall become effective, unless otherwise specifically agreed upon, . on the last day of the then-current term of the Agreement.

Appears in 1 contract

Samples: Expense Limitation Agreement (Cornercap Group of Funds /Va/)

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