Common use of Termination or Assignment Clause in Contracts

Termination or Assignment. This Agreement may be terminated by the Fund, or by Custodian, on sixty (60) days' notice, given in writing and sent by certified mail to Custodian at 000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000 or to the Fund at 000 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000, as the case may be. The notice to the Custodian shall be given pursuant to a resolution adopted by the Board of Directors of the Fund. Upon termination of the Agreement, the Custodian shall deliver to the successor custodian of the Fund designated in a certified copy of a resolution of the Board of Directors of the Fund filed with the Custodian all cash, securities and related instruments held by the Custodian. Any securities registered in the name of the Custodian or its nominee shall be endorsed in form for transfer. The Fund agrees to name such successor custodian within sixty (60) days after the written notice of termination of this Agreement is received or delivered by it. This Agreement may not be assigned by Custodian without the consent of the Fund, authorized or approved by a resolution of its Board of Directors.

Appears in 2 contracts

Samples: Custodian Agreement (Nicholas Income Fund Inc), Custodian Agreement (Nicholas Money Market Fund Inc)

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Termination or Assignment. This Agreement may be terminated by the Fund, or by the Custodian, on sixty (60) days' notice, given in writing and sent by certified mail to the Custodian at 000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000 or to the Fund at 000 Xxxxx Xxxxx Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000, 00000 as the case may be. The notice to the Custodian shall be given pursuant to a resolution adopted by the Board of Directors of the Fund. Upon termination of the Agreement, Agreement the Custodian shall deliver to the successor custodian of the Fund designated in a certified copy of a resolution of the Board of Directors of the Fund filed with the Custodian Custodian, all cash, securities and related instruments held by the Custodian. Any securities registered in the name of the Custodian or its nominee shall be endorsed in form for transfer. The Fund agrees to name such successor custodian within sixty (60) days after the written notice of termination of this Agreement is received or delivered by it. This Agreement may not be assigned by Custodian without the consent of the Fund, authorized or approved by a resolution of its Board of Directors.sixty

Appears in 1 contract

Samples: Custodian Agreement (Nicholas Ii Inc)

Termination or Assignment. This Agreement may be terminated by the Fund, or by Custodian, on sixty (60) days' notice, given in writing and sent by certified mail to Custodian at 000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000 00000, or to the Fund at 000 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000, 00000 as the case may be. The notice to the Custodian shall be given pursuant to a resolution adopted by the Board of Directors of the Fund. Upon termination of the Agreement, the Custodian shall deliver to the successor custodian of the Fund designated in a certified copy of a resolution of the Board of Directors of the Fund filed with the Custodian all cash, securities and related instruments held by the Custodian. Any securities registered in the name of the Custodian or its nominee shall be endorsed in form for transfer. The Fund agrees to name such successor custodian within sixty (60) days after the written notice of termination of this Agreement is received or delivered by it. This Agreement may not be assigned by Custodian without the consent of the Fund, authorized or approved by a resolution of its Board of Directors.

Appears in 1 contract

Samples: Custodian Agreement (Nicholas Limited Edition Inc)

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Termination or Assignment. This Agreement may be terminated by the Fund, or by the Custodian, on sixty (60) 60 days' notice, given in writing and sent by certified mail to the Custodian at 000 Xxxx Xxxxxxxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000 00000, or to the Fund at 000 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000, as the case may be. The notice to the Custodian shall be given pursuant to a resolution adopted by the Board of Directors of the Fund. Upon termination of the this Agreement, the Custodian shall deliver to the successor custodian of the Fund designated in a certified copy of a resolution of the Board of Directors of the Fund filed with the Custodian all cash, securities and related instruments held by the Custodian. Any securities registered in the name of the Custodian or its nominee shall be endorsed in form for transfer. The Fund agrees to name such successor custodian within sixty (60) 60 days after the written notice of termination of this Agreement is received or delivered by it. This Agreement may not be assigned by Custodian without the consent of the Fund, authorized or approved by a resolution of its Board of Directors.

Appears in 1 contract

Samples: Custodian Agreement (Nicholas Equity Income Fund Inc)

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