Common use of Termination Upon Assignment Clause in Contracts

Termination Upon Assignment. This Agreement may not be assigned by MIA and shall automatically terminate upon any such assignment; except that MXX xxx assign or transfer its interest herein to a wholly-owned subsidiary of MIA, or to another entity operated substantially under common control with MIA, provided MIA 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 MIA to obtain goods and services from other persons as described in Section 2 above.

Appears in 9 contracts

Samples: Amended and Restated Services Agreement (Madison Mosaic Tax-Free Trust), Amended and Restated Services Agreement (Madison Mosaic Equity Trust), Amended and Restated Services Agreement (Madison Mosaic Income Trust)

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