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

Effective Date, Amendment and Termination. a) This Agreement shall become effective as of the date on which the Registration Statement becomes effective. The initial term of this Agreement shall be for two (2) years. Thereafter, this Agreement shall continue in effect for successive twelve (12) month periods, provided such continuance is specifically approved at least annually (i) by a vote of the majority of the Board who are not parties to this Agreement or interested persons of the Fund or the Adviser, cast in person at a meeting called for the purpose of voting on such approval and (ii) by a vote of the Board or a majority of the outstanding voting securities of the Fund. b) This Agreement may be amended at any time by mutual consent of the parties; the consent of the Trust must, except as otherwise permitted by or under the 1940 Act, be approved (i) by vote of a majority of the Board who are not parties to this Agreement or interested persons of the Fund or the Adviser, cast in person at a meeting called for the purpose of voting on such amendment and (ii) by vote of a majority of the outstanding voting securities of the Fund. c) This Agreement may be terminated by either party as further set forth in this Paragraph (c) at any time without payment of any penalty. Upon termination, all advisory fees (as defined in Section 5 of this Agreement) shall cease to accrue and become due and payable. This Agreement may be terminated by the Fund upon the vote of the Board or a majority of the outstanding voting securities of the Fund on sixty (60) days' prior written notice to the Adviser. This Agreement may be terminated by the Adviser upon sixty (60) days' prior written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment or termination of this Agreement.

Effective Date, Amendment and Termination. a) This Agreement shall become effective as of the date on which the Registration Statement becomes effectiveof execution hereof. The initial term of this Agreement shall be for two (2) years. Thereafter, this Agreement shall continue in effect for successive twelve (12) month periods, provided such continuance is specifically approved at least annually (i) by a vote of the majority of the Board Trustees who are not parties to this Agreement or interested persons of the Fund Fund, the Adviser or the Sub-Adviser, cast in person at a meeting called for the purpose of voting on such approval and (ii) by a vote of the Board or a majority of the outstanding voting securities of the Fund. b) This Agreement may be amended at any time by mutual consent of the parties; the , subject to consent of the Trust Trust, which consent must, except as otherwise permitted by or under the 1940 Act, be approved (i) by vote of a majority of the Board Trustees who are not parties to this Agreement or interested persons of the Fund Fund, the Adviser or the Sub-Adviser, cast in person at a meeting called for the purpose of voting on such amendment and (ii) by vote of a majority of the outstanding voting securities of the Fund. c) This Agreement may be terminated by either party as further set forth in this Paragraph (c) at any time without payment of any penalty. Upon termination, all sub-advisory fees (as defined in Section 5 of this Agreement) shall cease to accrue and become due and payable. This Agreement may be terminated by the Fund Adviser upon the vote of the Board or a majority of the outstanding voting securities of the Fund on sixty (60) days' prior written notice to the Sub-Adviser. This Agreement may be terminated by the Sub-Adviser upon sixty (60) days' prior written notice to the Adviser and the Fund. This Agreement shall terminate automatically in the event of its assignment or termination of this the Management Agreement.

Effective Date, Amendment and Termination. a) This Agreement shall become effective as of the date on which the Registration Statement becomes effectivefirst set forth above. The initial term of this Agreement shall be for two (2) yearsend on September 30, 2008. Thereafter, this Agreement shall continue in effect for successive twelve (12) month periods, provided such continuance is specifically approved at least annually (i) by a vote of the majority of the Board who are not parties to this his Agreement or interested persons of the Fund or the AdviserXxxxx Management, cast in person at a meeting called for the purpose of voting on such approval and (ii) by a vote of the Board or a majority of the outstanding voting securities of the Fund. b) This Agreement may be amended at any time by mutual consent of the parties; the consent of the Trust must, except as otherwise permitted by or under the 1940 Act, be approved (i) by vote of a majority of the Board who are not parties to this Agreement or interested persons of the Fund or the AdviserXxxxx Management, cast in person at a meeting called for the purpose of voting on such amendment and (ii) by vote of a majority of the outstanding voting securities of the Fund. c) This Agreement may be terminated by either party as further set forth in this Paragraph (c) at any time without payment of any penalty. Upon termination, all advisory fees (as defined in Section 5 of this Agreement) shall cease to accrue and become due and payable. This Agreement may be terminated by the Fund upon the vote of the Board or a majority of the outstanding voting securities of the Fund on sixty (60) days' ’ prior written notice to the AdviserXxxxx Management. This Agreement may be terminated by the Adviser Xxxxx Management upon sixty (60) days' ’ prior written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment or termination of this Agreementassignment.

Effective Date, Amendment and Termination. a) This Agreement shall become effective as of the date on which the Registration Statement becomes effectivefirst set forth above. The initial term of this Agreement shall be for two (2) yearsend on October 31, 2013. Thereafter, this Agreement shall continue in effect for successive twelve (12) month periods, provided such continuance is specifically approved at least annually (i) by a vote of the majority of the Board who are not parties to this his Agreement or interested persons of the Fund or the AdviserXxxxx Management, cast in person at a meeting called for the purpose of voting on such approval and (ii) by a vote of the Board or a majority of the outstanding voting securities of the Fund. b) This Agreement may be amended at any time by mutual consent of the parties; the consent of the Trust must, except as otherwise permitted by or under the 1940 Act, be approved (i) by vote of a majority of the Board who are not parties to this Agreement or interested persons of the Fund or the AdviserXxxxx Management, cast in person at a meeting called for the purpose of voting on such amendment and (ii) by vote of a majority of the outstanding voting securities of the Fund. c) This Agreement may be terminated by either party as further set forth in this Paragraph (c) at any time without payment of any penalty. Upon termination, all advisory fees (as defined in Section 5 of this Agreement) shall cease to accrue and become due and payable. This Agreement may be terminated by the Fund upon the vote of the Board or a majority of the outstanding voting securities of the Fund on sixty (60) days' ’ prior written notice to the AdviserXxxxx Management. This Agreement may be terminated by the Adviser Xxxxx Management upon sixty (60) days' ’ prior written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment or termination of this Agreementassignment.

Effective Date, Amendment and Termination. a) This Agreement shall become effective as of the date on which the Registration Statement becomes effectivefirst set forth above. The initial term of this Agreement shall be for two (2) yearsend on September 12, 2007. Thereafter, this Agreement shall continue in effect for successive twelve (12) month periods, provided such continuance is specifically approved at least annually (i) by a vote of the majority of the Board who are not parties to this Agreement or interested persons of the Fund or the Adviser, cast in person at a meeting called for the purpose of voting on such approval and (ii) by a vote of the Board or a majority of the outstanding voting securities of the Fund. b) This Agreement may be amended at any time by mutual consent of the parties; the consent of the Trust must, except as otherwise permitted by or under the 1940 Act, be approved (i) by vote of a majority of the Board who are not parties to this Agreement or interested persons of the Fund or the Adviser, cast in person at a meeting called for the purpose of voting on such amendment and (ii) by vote of a majority of the outstanding voting securities of the Fund. c) This Agreement may be terminated by either party as further set forth in this Paragraph (c) at any time without payment of any penalty. Upon termination, all advisory fees (as defined in Section 5 of this Agreement) shall cease to accrue and become due and payable. This Agreement may be terminated by the Fund upon the vote of the Board or a majority of the outstanding voting securities of the Fund on sixty (60) days' prior written notice to the Adviser. This Agreement may be maybe terminated by the Adviser upon sixty (60) days' prior written notice to the Fund. This Agreement shall terminate automatically in the event of its assignment or termination of this Agreementassignment.