Common use of Termination by the Fund Manager Clause in Contracts

Termination by the Fund Manager. The Fund Manager is always entitled to terminate the fund agreement with notice of termination of six (6) months from when the Swedish Pensions Agency, in accordance with s. 7.1.1, is deemed to have received notice of termination, or with the shorter notice term agreed between the parties in writing. The notice of termination must clearly state which fund agreement(s) the termination concerns. If a circumstance arises that means the Fund Manager or the fund can no longer participate at the fund platform, it is incumbent upon the Fund Manager to inform the Swedish Pensions Agency about this as soon as such circumstance becomes known to the Fund Manager, and to immediately terminate the fund agreement for the fund in question in connection with such information being provided. Such termination shall be effected no later than on the date the circumstance occurs or such other date as agreed between the parties in writing. Examples of such circumstances are liquidation, merger of funds that lead to units participating in a fund outside the premium pension system or that the Fund Manager’s authorisation to conduct fund operations is revoked. A termination by the Fund Manager in accordance with the above does not imply any limitation of the Swedish Pensions Agency's entitlements in accordance with this fund agreement. Regardless of what has been stated above, the Fund Manager may terminate the fund agreement with immediate effect if the Swedish Pensions Agency has substantially breached the agreement. However, in such a case, prior to termination, the Swedish Pensions Agency shall have the opportunity for rectification within a reasonable period of time.