Effective Date; Termination; Amendments. This Agreement may be terminated at any time, without the payment of any penalty, either by: (i) the Company, by action of the Board of Managers or by vote of a majority of the outstanding voting securities of the Company, on 60 days’ written notice to the Investment Adviser; or (ii) the Investment Adviser, on 90 days’ written notice to the Company. This Agreement shall terminate immediately in the event of its assignment.
Appears in 2 contracts
Sources: Investment Advisory Agreement, Investment Advisory Agreement (Excelsior Venture Partners Iii LLC)