Common use of Termination on Assignment Clause in Contracts

Termination on Assignment. This Agreement shall terminate automatically in the event of its "assignment" (as defined in the 1940 Act), it being understood that this Agreement has been approved by the Trustees, including the Qualified Trustees. Sierra Services agrees to notify the Trust of any circumstances that might result in this Agreement being deemed to be assigned.

Appears in 6 contracts

Samples: Distribution Agreement (Sierra Prime Income Fund), Distribution Agreement (Sierra Prime Income Fund), Distribution Agreement (Sierra Prime Income Trust)

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