Effective Period Termination. This Agreement shall become effective for an initial period of not more than two years from the date of its execution, and shall continue in full force and effect continuously thereafter provided that such continuance is approved at least annually as required by the 1940 Act. This Agreement shall automatically terminate in the event of its assignment (as defined by the 1940 Act). In addition, this Agreement may be terminated at any time, without penalty, by either party on not more than sixty days' nor less than thirty days' written notice delivered or mailed by registered mail, postage prepaid, to the other party.
Appears in 3 contracts
Sources: Distribution Agreement (Davis Series Inc), Distributor's Agreement (Millenium Tax Free Fund Inc), Distribution Agreement (Davis New York Venture Fund Inc)
Effective Period Termination. This Agreement shall become ----------------------------- effective for an initial period of not more than two years from the date of its execution, and shall continue in full force and effect continuously thereafter provided that such continuance is approved at least annually as required by the 1940 Act. This Agreement shall automatically terminate in the event of its assignment (as defined by the 1940 Act). In addition, this Agreement may be terminated at any time, without penalty, by either party on not more than sixty days' nor less than thirty days' written notice delivered or mailed by registered mail, postage prepaid, to the other party.
Appears in 3 contracts
Sources: Distributing Agreement (Venture Muni Plus Inc), Distribution Agreement (Davis New York Venture Fund Inc), Distributing Agreement (Venture Series Inc)