Common use of Termination Upon Assignment Clause in Contracts

Termination Upon Assignment. This Agreement may not be assigned by MM-LLC and shall automatically terminate upon any such assignment; except that MM-LLC may assign or transfer its interest herein to a wholly-owned subsidiary of MM-LLC, or to another entity operated substantially under common control with MM-LLC, provided MM-LLC represents to the Trust that substantial continuity of management, personnel and services previously available to the Trust will be maintained following such assignment or transfer and that the Trustees of the Trust (including a majority of the Trustees who are not interested persons of the Trust) accept such representation. Nothing herein shall limit the right of MM-LLC to obtain goods and services from other persons as described in Section 2 above.

Appears in 14 contracts

Samples: Services Agreement (Mosaic Government Money Market), Services Agreement (Mosaic Income Trust), Services Agreement (Mosaic Government Money Market)

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