Common use of Termination Upon Assignment Clause in Contracts

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

Appears in 4 contracts

Samples: Services Agreement (Git Tax Free Trust), Services Agreement (Git Equity Trust), Services Agreement (Government Investors Trust)

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