Common use of Effective Date Duration and Renewal Clause in Contracts

Effective Date Duration and Renewal. This agreement shall become effective on December __, 1998. Unless terminated as provided in Section 11, this agreement shall continue in effect as to a Fund until December __, 2000 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of PPMA Funds or of PPMA, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a "majority of the outstanding shares" of that Fund (which term as used throughout this agreement shall be construed in accordance with the definition of "vote of a majority of the outstanding voting securities of a company" in section 2(a)(42) of the 1940 Act).

Effective Date Duration and Renewal. This agreement shall become effective on December __November 1, 19982001. Unless terminated as provided in Section 1113, this agreement shall continue in effect as to a Fund until December __July 31, 2000 2003 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of PPMA Funds Liberty Acorn or of PPMALiberty WAM, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a "majority of the outstanding shares" of that Fund (which term as used throughout this agreement shall be construed in accordance with the definition of "vote of a majority of the outstanding voting securities of a company" in section 2(a)(42) of the 1940 Act).

Effective Date Duration and Renewal. This agreement shall become effective on December September ___, 19982005. Unless terminated as provided in Section 1113, this agreement shall continue in effect as to a Fund until December __July 31, 2000 2006 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of PPMA Funds Columbia Acorn or of PPMAColumbia WAM, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a "majority of the outstanding shares" of that Fund (which term as used throughout this agreement shall be construed in accordance with the definition of "vote of a majority of the outstanding voting securities of a company" in section 2(a)(42) of the 1940 Act).