EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this Agreement shall be January 31, 1992. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio or the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or with respect to a particular Portfolio by the vote of the holders of a majority of the outstanding voting securities of such Portfolio, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, if a majority of the outstanding voting securities of any of the Portfolios approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio whether or not the shareholders of any other Portfolio of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by Advisers, upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such Portfolio, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Money Portfolios Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this This Agreement shall be January 31effective as to each Series on May 1, 19921998. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio Series or of the Fund shall mean the vote of 6765% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or or, with respect to a particular Portfolio Series, by the vote of the holders of a majority of the outstanding voting securities of such PortfolioSeries, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, if a majority of the outstanding voting securities of any of the Portfolios Series approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio Series whether or not the shareholders of any other Portfolio Series of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund fund, or by Advisers, upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio Series at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such PortfolioSeries, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Series Fund Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this Agreement shall be January 31, 1992. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio or of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or with respect to a particular Portfolio by the vote of the holders of a majority of the outstanding voting securities of such Portfolio, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, if a majority of the outstanding voting securities of any of the Portfolios approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio whether or not the shareholders of any other Portfolio of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by Advisers, upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such Portfolio, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Tax Free Portfolios Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this Agreement shall be January 31, 1992. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio or the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long for an initial two year term from the date of its execution as such indicated above and thereafter shall continue in effect for successive periods of 12 months thereafter, provided that each continuance is specifically approved at least annually by (a) by the Board of Directors of the Fund, or with respect to a particular Portfolio by the vote of the holders of a majority of the outstanding voting securities Fund's Board of such Portfolio, and (b) by a majority of the directors Trustees who are not parties to the Agreement or interested persons (as defined in the Investment Company Act of Advisers or of 1940, as amended and the Fund rules, regulations and releases relating thereto), cast in person at a meeting called for the purpose of voting on such approval; provided that, if approval and (b) either (i) the vote of a majority of the outstanding voting securities of any the Fund or (ii) the vote of a majority of the Portfolios approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio whether or not the shareholders Fund's Board of any other Portfolio of the Fund approve this AgreementTrustees. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors Trustees of the Fund or by Advisers, upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities shares of such Portfoliothe Fund, upon sixty (60) days' days written notice to Advisersthe Adviser. Any such termination The Adviser may be made effective with respect to both the investment advisory and management services provided for in terminate this Agreement or with respect without penalty on ninety (90) days written notice to either of such kinds of servicesthe Fund. This Agreement shall automatically terminate in the event of its assignmentassignment as defined in the Investment Company Act of 1940 and the rules thereunder. This Agreement shall automatically terminate upon completion of the dissolution, liquidation and winding up of the Fund. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding shares of the Fund shall mean the vote of 67% or more of such shares if the holders of more than 50% of such shares are present in person or by proxy or the vote of more than 50% of such shares, whichever is less.
Appears in 1 contract
Sources: Investment Advisory Agreement (Stewart Capital Mutual Funds)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this Agreement shall be January 31March 1, 19921998. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a the Portfolio or the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or with respect to a particular the Portfolio by the vote of the holders of a majority of the outstanding voting securities of such the Portfolio, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, if a majority of the outstanding voting securities of any of the Portfolios Portfolio approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio whether or not the shareholders of any other Portfolio Portfolios of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by Advisers, upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular the Portfolio at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such the Portfolio, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.of
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Worldwide Portfolios Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this This Agreement shall be effective as to each Series on January 313, 19921995. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio Series or of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or or, with respect to a particular Portfolio Series, by the vote of the holders of a majority of the outstanding voting securities of such PortfolioSeries, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, if a majority of the outstanding voting securities of any of the Portfolios Series approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio Series whether or not the shareholders of any other Portfolio Series of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund Fund, or by Advisers, upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio Series at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such PortfolioSeries, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Series Fund Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this Agreement shall be January 31effective as to the AMEV Global Growth Portfolio on March 26, 19921991. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio or the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or with respect to a particular Portfolio by the vote of the holders of a majority of the outstanding voting securities of such Portfoliothe Fund, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, if a majority of the outstanding voting securities of any of the Portfolios approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio whether or not the shareholders of any other Portfolio of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund Fund, or by Advisers, Advisers upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such Portfolio, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Worldwide Portfolios Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this This Agreement shall be January 31effective as to each Series on May 1, 1992. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio Series or of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or or, with respect to a particular Portfolio Series, by the vote of the holders of a majority of the outstanding voting securities of such PortfolioSeries, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, if a majority of the outstanding voting securities of any of the Portfolios Series approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio Series whether or not the shareholders of any other Portfolio Series of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund Fund, or by Advisers, upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio Series at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such PortfolioSeries, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Series Fund Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this Agreement as to Fortis Capital Fund shall be January 311, 19921996. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio or the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or with respect to a particular Portfolio by the vote of the holders of a majority of the outstanding voting securities of such Portfolio, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, that if a majority of the outstanding voting securities of any of the Portfolios approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio whether or not the shareholders of any other Portfolio of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by Advisers, Advisers upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such PortfolioPortfolios, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Equity Portfolios Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this Agreement as to Fortis Capital Fund shall be January 31, 1992. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio or the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or with respect to a particular Portfolio by the vote of the holders of a majority of the outstanding voting securities of such Portfolio, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, that if a majority of the outstanding voting securities of any of the Portfolios approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio whether or not the shareholders of any other Portfolio of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by Advisers, Advisers upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such PortfolioPortfolios, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Equity Portfolios Inc)
EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. The effective date of this This Agreement shall be January 31effective as to each Series on May 1, 19921994. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of a Portfolio Series or of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or or, with respect to a particular Portfolio Series, by the vote of the holders of a majority of the outstanding voting securities of such PortfolioSeries, and (b) by a majority of the directors who are not interested persons of Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval; provided that, if a majority of the outstanding voting securities of any of the Portfolios Series approves this Agreement, this Agreement shall continue in effect with respect to such approving Portfolio Series whether or not the shareholders of any other Portfolio Series of the Fund approve this Agreement. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund Fund, or by Advisers, upon sixty (60) days' written notice to the other party. This Agreement may be terminated with respect to a particular Portfolio Series at any time without the payment of any penalty by the vote of the holders of a majority of the outstanding voting securities of such PortfolioSeries, upon sixty (60) days' written notice to Advisers. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.
Appears in 1 contract
Sources: Investment Advisory and Management Agreement (Fortis Series Fund Inc)