Common use of AMENDMENT OF THIS Clause in Contracts

AMENDMENT OF THIS. AGREEMENT No provision of this Agreement may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought, and no material amendment of this Agreement shall be effective until approved, if required by the 1940 Act or the rules, regulations, interpretations or orders issued thereunder, by vote of the holders of a majority of the Fund's outstanding voting securities and by the vote of a majority of the directors who are not interested persons of the Manager, Principal Life Insurance Company or the Fund cast in person at a meeting called for the purposes of voting on such approval.

Appears in 2 contracts

Sources: Management Agreement (Principal Variable Contracts Funds Inc), Management Agreement (Principal Variable Contracts Funds Inc)