Common use of Effective Date, Amendment and Termination Clause in Contracts

Effective Date, Amendment and Termination. This Agreement shall become effective as of the date hereof and, unless terminated as hereinafter provided, shall remain in effect thereafter from year to year so long as such continuance is specifically approved with respect to the Fund at least annually by a majority of the Trustees who are not interested persons of the Fund or Administrator. This Agreement may be modified or amended from time to time by mutual agreement between the Administrator and the Fund and may be terminated by Administrator or the Fund by at least sixty (60) days' written notice given by the terminating party to the other party. Upon termination, the Fund shall pay to Administrator such compensation as may be due under this Agreement as of the date of such termination and shall reimburse Administrator for its costs, expenses, and disbursements payable under this Agreement to such date. In the event that, in connection with a termination, a successor to any of the duties or responsibilities of Administrator hereunder is designated by the Fund by written notice to Administrator, upon such termination Administrator shall promptly, and at the expense of the Fund with respect to which this Agreement is terminated, transfer to such successor all relevant books, records, and data established or maintained by Administrator under this Agreement and shall cooperate in the transfer of such duties and responsibilities, including provision, at the expense of the Fund, for assistance from Administrator personnel in the establishment of books, records, and other data by such successor.