Common use of Effectiveness, Continuation, Termination and Amendment Clause in Contracts

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16, 1995, for the purpose of voting on this Plan, and shall take effect after approved by Class B shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement for the Shares adopted May 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Rochester Fund Series)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16, 1995, for the purpose of voting on this Plan, Directors and shall take effect after approved by Class B shareholders of the Fund, at which time it shall replace replaces the Fund's prior Distribution and Service Plan and Agreement for the Shares adopted May 1, 1995Class N shares. Unless terminated as hereinafter provided, it shall continue in effect until renewed by the Board in accordance with the Rule and thereafter from year to year from the date first set forth above or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class B Shareholders, in the manner described above, N Shareholders at a meeting called for that purpose and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by a vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding outst▇▇▇▇▇▇ Class N voting securities of the Classshares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.. Oppenheimer Disciplined Allo▇▇▇▇▇▇ ▇▇▇d, a series of Oppenheimer Series Fund, Inc., By: /s/ Phillip S. Gillespie ______________________________ Phillip S. Gillespie, Assistan▇ ▇▇▇▇▇▇▇▇▇ OppenheimerFunds Distributor, Inc.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Series Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called on October 16June 22, 1995, for the purpose of voting on this Plan, and shall take effect after approved approval by Class B shareholders of the Fund, at which time it shall replace the Fund's Amended and Restated Distribution Plan adopted as of December 23, 1994 and Service Plan Amended and Restated Distribution Agreement for the Shares adopted May 1dated December 23, 19951994. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent TrusteesDirectors. This Plan may be terminated at any time by vote of a majority of the Independent Trustees Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act1▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees Directors shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Quest Value Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called on October 16June 22, 1995, 1995 for the purpose of voting on this Plan, and shall take effect after approved approval by Class B C shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares adopted May made as of September 1, 1993 as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent TrusteesDirectors. This Plan may be terminated at any time by vote of a majority of the Independent Trustees Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees Directors shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Asset- Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Quest for Value Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16June 22, 1995, 1995 for the purpose of voting on this Plan, and shall take effect after approved approval by Class B C shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares adopted May made as of September 1, 1993, and as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities of the Class▇▇ ▇▇▇ ▇lass. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Quest for Value Funds)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16, 1995, for the purpose of voting on this Plan, and shall take effect after approved by Class B shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement for the Shares adopted May 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Rochester Portfolio Series)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16June 22, 1995, for the purpose of voting on this Plan, and shall take effect after approved approval by Class B shareholders of the Fund, at which time it shall replace the Fund's Amended and Restated Distribution Plan adopted as of December 23, 1994 and Service Plan the Amended and Agreement Restated Distribution for the Shares adopted May 1dated December 23, 19951994. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Quest for Value Family of Funds)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16June 22, 1995, for the purpose of voting on this Plan, and shall take effect after approved approval by Class B shareholders of the Fund, at which time it shall replace the Fund's Amended and Restated Distribution Plan adopted as of December 23, 1994 and Service Plan the Amended and Restated Distribution Agreement for the Shares adopted May 1dated December 23, 19951994. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities of the Class▇▇▇ ▇▇▇ss. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Quest for Value Funds)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16June 22, 1995, 1995 for the purpose of voting on this Plan, and shall take effect after approved approval by Class B C shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares adopted May made as of September 1, 1993, as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Quest for Value Family of Funds)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16January 10, 19951996, for the purpose of voting on this Plan, and shall take effect after approved by Class B shareholders as of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement for the Shares adopted May 1, 1995date first set forth above. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Rochester Fund Series)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called on October 16June 22, 1995, for the purpose of voting on this Plan, and shall take effect after approved approval by Class B shareholders of the Fund, at which time it shall replace the Fund's Amended and Restated Distribution Plan adopted as of December 23, 1994 and Service Plan Amended and Restated Distribution Agreement for the Shares adopted May 1dated December 23, 19951994. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent TrusteesDirectors. This Plan may be terminated at any time by vote of a majority of the Independent Trustees Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees Directors shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Quest for Value Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called on October 16June 22, 1995, 1995 for the purpose of voting on this Plan, and shall take effect after approved approval by Class B C shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares adopted May make as of September 1, 19951993. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent TrusteesDirectors. This Plan may be terminated at any time by vote of a majority of the Independent Trustees Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees Directors shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Asset- Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Quest for Value Global Equity Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called on October 16June 22, 1995, 1995 for the purpose of voting on this Plan, and shall take effect after approved approval by Class B A shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares adopted May made as of June 21, 1990 as amended as of July 27, 1992 and September 1, 19951993. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent TrusteesDirectors. This Plan may be terminated at any time by vote of a majority of the Independent Trustees Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act1▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees Directors shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Quest Global Value Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called on October 16June 22, 1995, for the purpose of voting on this Plan, and shall take effect after approved approval by Class B shareholders of the Fund, at which time it shall replace the Fund's Amended and Restated Distribution and Service Plan adopted as of December 23, 1994 and the Amended and Restated Distribution Agreement for the Shares adopted May 1dated December 23, 19951994. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent TrusteesDirectors. This Plan may be terminated at any time by vote of a majority of the Independent Trustees Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees Directors shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Quest for Value Global Equity Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on October 16June 22, 1995, 1995 for the purpose of voting on this Plan, and shall take effect after approved approval by Class B C shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares adopted May made as of September 1, 1993, as amended February 1, 1995. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting securities of the ▇▇ ▇▇▇ Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Quest for Value Funds)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called on October 16June 22, 1995, 1995 for the purpose of voting on this Plan, and shall take effect after approved approval by Class B A shareholders of the Fund, at which time it shall replace the Fund's Distribution and Service Plan and Agreement of Distribution for the Shares adopted May made as of November 1, 19951988 as amended as of July 27, 1992 and September 1, 1993. Unless terminated as hereinafter provided, it shall continue in effect from year to year from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B A Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent TrusteesDirectors. This Plan may be terminated at any time by vote of a majority of the Independent Trustees Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act1▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Trustees Directors shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Quest Value Fund Inc)