Common use of EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT Clause in Contracts

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. 7.01 The effective date of this Agreement is set forth in the first paragraph of this Agreement. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect until the next annual meeting of the Fund's shareholders and from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the Board of Directors of the Fund, including the specific approval of a majority of the directors who are not interested persons of the Fund, MIMLIC Asset Management Company ("MIMLIC Asset"), investment adviser to the Fund, or MIMLIC Sales Corporation ("MIMLIC Sales"), the underwriter of the Fund's Shares, cast in person at a meeting called for the purpose of voting on such approval. 7.02 This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund, or by Minnesota Mutual, upon 60 days' written notice to the other party.

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. 7.01 The effective date of this Agreement is set forth in the first paragraph of this Agreementshall be March 1, 1991. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect until the next annual meeting of the Fund's shareholders and from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the Board of Directors of the Fund, including the specific approval of a majority of the directors who are not interested persons of the Fund, MIMLIC Asset Management Company ("MIMLIC Asset"), investment adviser to the Fund, or MIMLIC Sales Corporation ("MIMLIC Sales"), the underwriter of the Fund's Shares, cast in person at a meeting called for the purpose of voting on such approval. 7.02 This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund, or by Minnesota Mutual, upon 60 days' written notice to the other party.

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. 7.01 The effective date of this Agreement is set forth in the first paragraph of this Agreementshall be May 1, 1991. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect until the next annual regular meeting of the Fund's shareholders and from year to year thereafter, but only so long as such continuance is specifically approved at least annually by the Board of Directors of the Fund, including the specific approval of a majority of the directors who are not interested persons of the Fund, MIMLIC Asset Management Company ("MIMLIC Asset"), investment adviser to the Fund, or MIMLIC Sales Corporation ("MIMLIC Sales"), the underwriter of the Fund's Shares, cast in person at a meeting called for the purpose of voting on such approval. 7.02 This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund, or by Minnesota Mutual, upon 60 days' written notice to the other party.