TERMINATION; NO ASSIGNMENT. This Agreement may be terminated at any time with respect to a Fund, without the payment of any penalty, by the Board or by a vote of the majority of the outstanding voting securities of the affected Fund, as defined in the Investment Company Act, upon giving 60 days’ written notice to the Adviser. This Agreement may be terminated by the Adviser at any time upon the giving of 60 days’ written notice to the Trust. This Agreement shall terminate automatically in the event of its assignment (as defined in Section 2(a)(4) of the Investment Company Act).
Appears in 4 contracts
Samples: Investment Advisory Agreement (Hennessy Advisors Inc), Investment Advisory Agreement (Hennessy Funds Trust), Investment Advisory Agreement (Hennessy Funds Trust)
TERMINATION; NO ASSIGNMENT. This Agreement may be terminated at any time with respect to a the Fund, without the payment of any penalty, by the Board or on sixty (60) days' prior written notice by a vote of the a majority of the Fund’s outstanding voting securities securities, by a vote of a majority of the affected FundTrustees of the Trust, as defined in the Investment Company Act, upon giving 60 days’ written notice to or by the Adviser. This Agreement may shall be automatically terminated by the Adviser at any time upon the giving of 60 days’ written notice to the Trust. This Agreement shall terminate automatically in the event of its assignment (as such term is defined in Section 2(a)(4) of the Investment Company Act).
Appears in 1 contract
Samples: Investment Advisory Agreement (Saratoga Advantage Trust)