Common use of Effects of Assignment Clause in Contracts

Effects of Assignment. To the extent that this Plan constitutes a plan of distribution adopted pursuant to the Rule, it shall remain in effect as such so as to authorize the use of the Fund's assets in the amounts and for the purposes set forth herein, notwithstanding the occurrence of an assignment (as defined in the Act). To the extent this Plan concurrently constitutes an agreement relating to implementation of the plan of distribution, it shall terminate automatically in the event of its assignment, and the Trust may continue to make payments pursuant to this Plan, only (a) upon the approval of the Board of Trustees in accordance with the procedures set forth in paragraph 7 hereof, and (b) if the obligations of the Distributor under this Plan are to be performed by any organization other than the Distributor, upon such organization's adoption and assumption in writing of all the provisions of this Plan as party hereto.