Common use of Effectiveness, Termination and Amendment Clause in Contracts

Effectiveness, Termination and Amendment. This Agreement shall become effective upon execution and delivery by each of the parties hereto. This Agreement may be terminated at any time by any party upon sixty (60) days prior written notice to the other party and may be terminated earlier by the Trust Administrator at any time on the event of a breach by the Depositor of any provision of this Agreement (including the Standard Terms incorporated by Section 2 hereof) or the Procedures. This Agreement supersedes any prior agreement between or among the parties concerning the matters governed hereby. This Agreement may be amended by the Trust Administrator from time to time without the consent of the Depositor by the following procedure: the Trust Administrator will provide a copy of the amendment to the Depositor in compliance with the notice provisions of this Agreement; if the Depositor does not object in writing to the amendment within ten (10) Business Days after receipt of the proposed amendment, the amendment will become part of this Agreement in accordance with its terms.