Common use of Termination for cause by any Party Clause in Contracts

Termination for cause by any Party. This Agreement may be terminated by any party hereto immediately upon notice to each other party in the event that (a) all the Funds cease to be investment alternatives under all the Plans, (b) the Trust declines to accept any additional purchase or redemption requests for Shares, (c) the SEC issues any stop order suspending the effectiveness of the registration statements or prospectus for the Trust, or a current prospectus for the Trust is not on file with the SEC as required by Section 10 of the 1933 Act, or (d) any other party materially breaches this Agreement. To the extent that any of the events enumerated (a) through (d) of this Section 6.05 occurs with respect to one or more Funds, but not with respect to all the Funds, or that one or more Funds, but not all the Funds, terminates this Agreement, in lieu of termination of this Agreement, the Trust shall amend Schedule A hereto with notice to the other parties to remove the relevant Funds from such Schedule A.

Appears in 2 contracts

Sources: Administrative Services Agreement (American General Series Portfolio Co 2), Administrative Services Agreement (American General Series Portfolio Co 2)