Common use of Effective Date and Renewal of Agreement Clause in Contracts

Effective Date and Renewal of Agreement. This Agreement will become effective with respect to each Trust on the date written above and, unless sooner terminated as provided herein, will continue in effect for one year from the date of its execution and from year to year thereafter, provided that such continuance is specifically approved at least annually (a) by the Trust’s Board of Trustees or (b) by a vote of a majority of the outstanding voting securities of the Trust, provided that in either event the continuance also is approved by a majority of the Trust’s Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Trust’s Distribution Plans pursuant to Rule 12b-1 under the 1940 Act in this Agreement or in any agreement related to the Trust’s Distribution Plans (“Independent Trustees”), by vote cast in person at a meeting called for the purpose of voting on such approval.

Effective Date and Renewal of Agreement. This Agreement will become effective with respect to each the Trust on the date written above and, unless sooner terminated as provided herein, will continue in effect for one year from the date of its execution and from year to year thereafter, provided that such continuance is specifically approved at least annually (a) by the Trust’s Board of Trustees or (b) by a vote of a majority of the outstanding voting securities of the Trust, provided that in either event the continuance also is approved by a majority of the Trust’s Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Trust’s Distribution Plans pursuant to Rule 12b-1 under the 1940 Act in this Agreement or in any agreement related to the Trust’s Distribution Plans (“Independent Trustees”), by vote cast in person at a meeting called for the purpose of voting on such approval.

Effective Date and Renewal of Agreement. This Agreement will become effective with respect to each Trust on the date written above and, unless sooner terminated as provided herein, will continue in effect for one year from the date of its execution and from year to year thereafter, provided that such continuance is specifically approved at least annually (a) by the Trust’s 's Board of Trustees or (b) by a vote of a majority of the outstanding voting securities of the Trust, provided that in either event the continuance also is approved by a majority of the Trust’s 's Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Trust’s 's Distribution Plans pursuant to Rule 12b-1 under the 1940 Act in this Agreement or in any agreement related to the Trust’s 's Distribution Plans (“"Independent Trustees”"), by vote cast in person at a meeting called for the purpose of voting on such approval.