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 in contemplation of an Amended and Restated Purchase and Sale Agreement to be entered into by the Distributor, Citibank, N.A. and Citicorp North America, Inc., which provides for a transfer of receivables relating to the Distribution Fees and CDSCs payable to the Distributor under this Agreement. The Distributor agrees to notify the respective Trust of any circumstances that might result in this Agreement being deemed to be assigned.
Appears in 3 contracts
Samples: Distribution Agreement (Wm Strategic Asset Management Portfolios), Distribution Agreement (Wm Trust I), Distribution Agreement (Wm Strategic Asset Management Portfolios)
