Common use of DURATION AND TERMINATION OF THIS Clause in Contracts

DURATION AND TERMINATION OF THIS. AGREEMENT This Agreement shall become effective with respect to each Portfolio for an initial period of up to two years from the effective date set forth opposite such Portfolio's name on Schedule A hereto, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Directors of the Fund or by the vote of a majority of the outstanding voting securities of the Portfolio and (ii) a majority of those Directors who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time with respect to a Portfolio, without the payment of any penalty, by MSIM, by the Board of Directors of the Fund or by vote of a majority of the outstanding voting securities of the Portfolio, or by the Local Manager, on sixty days' written notice to the other party. This Agreement shall automatically terminate with respect to a Portfolio in the event of its assignment or in the event of the termination of the Advisory Agreement of such Portfolio. Any termination shall be without prejudice to the completion of transactions already initiated. ARTICLE VIII

DURATION AND TERMINATION OF THIS. AGREEMENT This Agreement shall become effective with respect to each Portfolio the Fund for an initial period of up to two years from the effective date set forth opposite such Portfoliothe Fund's name on Schedule A hereto, and thereafter, but only so long as such continuance is specifically approved at least annually by (i) the Board of Directors of the Fund or by the vote of a majority of the outstanding voting securities of the Portfolio Fund and (ii) a majority of those Directors who are not parties to this Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time with respect to a Portfoliotime, without the payment of any penalty, by MSIMthe Investment Adviser, by the Board of Directors of the Fund or by vote of a majority of the outstanding voting securities of the PortfolioFund, or by the Local Manager, on sixty days' written notice to the other party. This Agreement shall automatically terminate with respect to a Portfolio in the event of its assignment or in the event of the termination of the Advisory Agreement of such PortfolioAgreement. Any termination shall be without prejudice to the completion of transactions already initiated. ARTICLE VIIIVII