Assignment Termination. This Agreement will automatically terminate in the event of its assignment. This Agreement may be terminated by the Distributor or by you, without penalty, upon ten days' prior written notice to the other party. This Agreement may also be terminated at any time without penalty by the vote of a majority of the members of the Board of Trustees of the Group who are not "interested persons" (as such term is defined in the 1940 Act), or (with respect to a Fund) by a vote of a majority of the outstanding voting securities of that Fund on ten days' written notice.
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Sources: Dealer Agreement (Amsouth Mutual Funds), Dealer Agreement (Amsouth Mutual Funds)
Assignment Termination. This Agreement will automatically terminate in the event of its assignment. This Agreement may be terminated by the Distributor or by you, without penalty, upon ten days' prior written notice to the other party. This Agreement may also be terminated at any time without penalty by the vote of a majority of the members of the Board of Trustees of the Group Fund who are not "interested persons" (as such term is defined in the 1940 Act), or (with respect to a FundPortfolio) by a vote of a majority of the outstanding voting securities of that Fund Portfolio on ten days' written notice.
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