Common use of Continuance and Termination Clause in Contracts

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors Trustees or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors Trustees or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of its assignment (ias defined in the ICA) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, Agreement or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, Agreement as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination Of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the ----------------------------- date hereof, and is renewable annually thereafter by specific approval of the Directors Trustees or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and ---------------------------- is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is ---------------------------- renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and ---------------------------- is renewable annually thereafter by specific approval of the Directors Trustees or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewalpursuant to its requirements. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the ----------------------------- date hereof, and is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, Agreement as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination Of the Investment Managers Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the ----------------------------- date hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the ----------------------------- date hereof, and is renewable annually thereafter by specific approval of the Directors Trustees or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the each Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either each party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the that each Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewalpursuant to its requirements. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors Trustees or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, Agreement as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination Of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of its assignment (ias defined in the ICA) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, Agreement or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager Advisor or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, Agreement as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination Of the Advisors Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the each Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either each party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the that each Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and ---------------------------- is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager Advisor or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, Agreement as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination Of the Advisors Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is ---------------------------- renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the each Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either each party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the that each Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is ---------------------------- renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is ----------------------------- renewable annually thereafter by specific approval of the Directors Trustees or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the ----------------------------- date hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, Agreement as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination Of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewalpursuant to its requirements. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date hereof, and is ---------------------------- renewable annually thereafter by specific approval of the Directors Trustees or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the FundPortfolio. Any such renewal shall be approved by the vote of a majority of the Directors Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewalpursuant to its requirements. This Agreement agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" assignment by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof) upon termination of the Investment Manager's Management Agreement with the Trust.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser Advisor upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser Advisor has received prior written notice thereof.