Common use of Continuation and Termination Clause in Contracts

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s Board of Directors, including a majority of those Directors who are not “interested persons” (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or “interested persons” (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Fund.

Appears in 7 contracts

Sources: Administration Agreement (Voya SERIES FUND INC), Administration Agreement (Ing Series Fund Inc), Administration Agreement (Ing Series Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of Directors, including a majority of those Directors who are not interested persons” persons (as such term is defined in the 1940 Act) of the Administrato▇, ▇▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31for two (2) years from the effective date of this Agreement, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator▇▇▇▇▇▇▇▇rator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 6 contracts

Sources: Administration Agreement (Lexington Small Cap Asia Growth Fund Inc), Administration Agreement (Lexington International Fund Inc), Administration Agreement (Lexington Gnma Income Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of Directors, including a majority of those Directors who are not interested persons” persons (as such term is defined in the 1940 Act) of the Administrat▇▇, ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall ll have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31for two (2) years from the effective date of this Agreement, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator▇▇▇▇▇▇▇▇rator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 4 contracts

Sources: Administration Agreement (Lexington Global Technology Fund Inc), Administration Agreement (Lexington Growth & Income Fund Inc), Administration Agreement (Lexington Worldwide Emerging Markets Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s Board of Directors, including a majority of those Directors who are not “interested persons” (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31November 30, 2002 2013 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or “interested persons” (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Fund.

Appears in 4 contracts

Sources: Administration Agreement (Voya SERIES FUND INC), Administration Agreement (Ing Series Fund Inc), Administration Agreement (Ing Variable Portfolios Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of Directors, including a majority of those Directors who are not "interested persons" (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 3 contracts

Sources: Administration Agreement (Ing Series Fund Inc), Administration Agreement (Aetna Variable Portfolios Inc), Administration Agreement (Ing Series Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s Board of DirectorsTrustees, including a majority of those Directors Trustees who are not “interested persons” (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or “interested persons” (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Fund.

Appears in 3 contracts

Sources: Administration Agreement (Ing Variable Portfolios Inc), Administration Agreement (Ing Vp Intermediate Bond Portfolio), Administration Agreement (Ing Variable Funds)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of Directors, including a majority of those Directors who are not interested persons” persons (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31for two (2) years from the effective date of this Agreement, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 2 contracts

Sources: Administration Agreement (Uslico Series Fund/Va/), Administration Agreement (Ing Vp Emerging Markets Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of DirectorsTrustees, including a majority of those Directors Trustees who are not "interested persons" (as such term is defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator, shall have approved this Agreementthi▇ ▇▇▇▇▇▇ent. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator. This Agreement may be Agreeme▇▇ ▇▇▇ ▇e terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Aetna Variable Fund)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of Directors, including a majority of those Directors who are not interested persons” persons (as such term is defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator, shall have approved this Agreement. Unless ▇▇▇▇▇▇ terminated as provided herein, the Agreement shall continue in full force and effect through December 31for two (2) years from the effective date of this Agreement, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Uslico Series Fund/Va/)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of DirectorsTrustees, including a majority of those Directors Trustees who are not "interested persons" (as such term is defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator, shall have approved this Agreementthi▇ ▇▇▇▇▇▇ent. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator. This Agreement ▇▇▇▇▇▇▇nt may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Aetna Income Shares)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of Directors, including a majority of those Directors who are not "interested persons" (as such term is defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator, shall have approved this Agreementthi▇ ▇▇▇▇▇▇ent. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator. This Agreement ▇▇▇▇▇▇▇nt may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Aetna Investment Advisers Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s Board of DirectorsTrustees, including a majority of those Directors Trustees who are not “interested persons” (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or “interested persons” (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Ing Vp Money Market Portfolio)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of DirectorsTrustees, including a majority of those Directors Trustees who are not interested persons” persons (as such term is defined in the ▇▇▇▇ 1940 ▇▇▇) of the Fund or ▇▇ the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31for two (2) years from the effective date of this Agreement, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ 1940 ▇▇▇) of ▇▇ the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Ing Funds Trust)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of DirectorsTrustees, including a majority of those Directors Trustees who are not interested persons” person (as such term is defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31for two (2) years from the effective date of this Agreement, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator. This Agreement may Agreem▇▇▇ ▇▇▇ be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Ing Series Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of DirectorsTrustees, including a majority of those Directors Trustees who are not "interested persons" (as such term is defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator, shall have approved this AgreementA▇▇▇▇▇▇▇▇. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator. This Agreement may be Agreemen▇ ▇▇▇ ▇▇ terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Aetna Variable Encore Fund)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s 's Board of Directors, including a majority of those Directors who are not "interested persons" (as such term is defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator, shall have approved this Agreementthi▇ ▇▇▇▇▇▇ent. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of the Fund or the Administrator. This Agreement may Agree▇▇▇▇ ▇▇▇ be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Aetna Generation Portfolios Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s Board of Directors, including a majority of those Directors Trustees who are not “interested persons” (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31November 30, 2002 2013 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or “interested persons” (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Ing Money Market Portfolio)

Continuation and Termination. This Agreement shall become ---------------------------- effective on the date first written above, subject to the condition that the Fund’s 's Board of Directors, including a majority of those Directors who are not interested persons” persons (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31for two (2) years from the effective date of this Agreement, 2002 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors of the Fund, including a majority of the Board of Directors of the Fund who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors of the Fund on sixty (60) days' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days' written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Lexington Emerging Markets Fund Inc)

Continuation and Termination. This Agreement shall become effective on the date first written above, subject to the condition that the Fund’s Board of DirectorsTrustees, including a majority of those Directors Trustees who are not “interested persons” (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator, shall have approved this Agreement. Unless terminated as provided herein, the Agreement shall continue in full force and effect through December 31November 30, 2002 2013 and shall continue from year to year thereafter so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Directors Trustees of the Fund, including a majority of the Board of Directors Trustees of the Fund who are not parties to this Agreement or “interested persons” (as defined in the ▇▇▇▇ ▇▇▇) of the Fund or the Administrator. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by vote of a majority of the Board of Directors Trustees of the Fund on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Fund.

Appears in 1 contract

Sources: Administration Agreement (Ing Variable Funds)