Common use of Effective Date, Term and Approval Clause in Contracts

Effective Date, Term and Approval. This Agreement shall become effective with respect to the Company, if approved by the shareholders of the Company, as of the date of execution above. If so approved, this Agreement shall continue in force and effect through December 31, 2010, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by the vote of “a majority of the outstanding voting securities” of the Company (as defined in Section 2(a)(42) of the ▇▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or “interested persons” (as defined in the ▇▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 2 contracts

Sources: Investment Advisory Agreement (Tortoise Energy Capital Corp), Investment Advisory Agreement (Tortoise Energy Infrastructure Corp)

Effective Date, Term and Approval. This Agreement shall become effective with respect to the Company, if approved by the shareholders of the Company, as of the June 7, 2007, or such later date as unitholder approval of execution abovethis agreement is obtained. If so approved, this This Agreement shall continue in force and effect through December 31, 20102008, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: a. (i) by the Board or (ii) by the vote of "a majority of the outstanding voting securities" of the Company (as defined in Section 2(a)(42) of the ▇▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 1 contract

Sources: Investment Advisory Agreement (Tortoise Total Return Fund, LLC)

Effective Date, Term and Approval. This Agreement shall become effective with respect to the Company, if approved by the shareholders of the Company, as of the date of execution above. If so approved, this Agreement shall continue in force and effect from the date of execution above through December 31, 2010, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by ii)by the vote of “a majority of the outstanding voting securities” of the Company (as defined in Section 2(a)(42) of the 1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or “interested persons” (as defined in the 1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 1 contract

Sources: Investment Advisory Agreement (Tortoise North American Energy Corp)

Effective Date, Term and Approval. This Agreement shall become effective with respect to the Company, if approved by the shareholders of the Company, as of the date of execution above. If so approved, this This Agreement shall continue in force and effect through December 31, 2010, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: a. (i) by the Board or (ii) by the vote of “a majority of the outstanding voting securities” of the Company (as defined in Section 2(a)(42) of the 1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or “interested persons” (as defined in the 1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Appears in 1 contract

Sources: Investment Advisory Agreement (Tortoise Capital Resources Corp)