Common use of TERMS OF AGREEMENT/TERMINATION Clause in Contracts

TERMS OF AGREEMENT/TERMINATION. This Agreement shall commence on the date first set forth above. This Agreement shall continue in effect for a period more than two years from the date hereof only so long as such continuance is specifically approved at least annually in conformity with the requirements of the 1940 Act, including Rule 12b-1 thereunder. This Agreement shall terminate automatically in the event of its assignment (as defined by the 1940 Act). In addition, this Agreement may be terminated by either party at any time, without penalty, on not more than sixty days' nor less than thirty days' written notice to the other party.

Appears in 4 contracts

Samples: Distribution Agreement (Maxus Income Fund), Distribution Agreement (Maxus Equity Fund), Distribution Agreement (Maxus Laureate Fund)

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TERMS OF AGREEMENT/TERMINATION. This Agreement shall commence on the date first set forth above. This Agreement shall continue in effect for a period more than two years from the date hereof only so long as such continuance is specifically approved at least annually in conformity with the requirements of the 1940 Act, including Rule 12b-1 thereunder. This Agreement shall terminate automatically in the event of its assignment (as defined by the 1940 Act). In addition, this Agreement may be terminated by either party at any time, without penalty, on not more than sixty days' ’ nor less than thirty days' ’ written notice to the other party.

Appears in 1 contract

Samples: Distribution Agreement (Ancora Trust)

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TERMS OF AGREEMENT/TERMINATION. This Agreement shall commence on the date first set forth above. This Agreement shall continue in effect for a period more than two years from the date hereof only so long as such continuance is specifically approved at least annually in conformity with the requirements of the 1940 Act, including Rule 12b-1 thereunder. This Agreement shall terminate automatically in the event of its assignment (as defined by the 1940 Act). In addition, this Agreement may be terminated by either party at any time, without penalty, on not more than sixty (60) days' nor less than thirty (30) days' written notice to the other party.

Appears in 1 contract

Samples: Distribution Agreement (Mainstay Funds)

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