Common use of EFFECTIVE PERIOD AND TERMINATION OF THIS AGREEMENT Clause in Contracts

EFFECTIVE PERIOD AND TERMINATION OF THIS AGREEMENT. This Agreement shall become effective upon its execution, and shall remain in full force and effect continuously thereafter (unless terminated automatically as set forth in Section 4) until terminated as follows: (a) Either party hereto may at any time terminate this Agreement (or this Agreement’s application to one or more Classes or Funds) by not more than sixty days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party, or (b) If a majority of both (i) the Trustees of the Trust, and (ii) a majority of the Independent Trustees, do not specifically approve at least annually the continuance of this Agreement, then this Agreement shall automatically terminate at the close of business on the second anniversary of its execution, or upon the expiration of one year from the effective date of the last such continuance, whichever is later. Termination of this Agreement pursuant to this Section 5 shall be without the payment of any penalty.

EFFECTIVE PERIOD AND TERMINATION OF THIS AGREEMENT. This Agreement shall become effective upon its execution, and shall remain in full force and effect continuously thereafter (unless automatically terminated automatically as set forth in Section 45) until terminated as follows: (a) Either party hereto may at any time terminate this Agreement (or this Agreement’s application to one or more Classes classes or Funds) by not more than sixty days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party, ; or (b) If a majority of both (i) the Trustees of the Trust, and (ii) a majority of the Independent Trustees, do not specifically approve no less frequently than required by the 1940 Act and the rules thereunder (in substance, at least annually annually) the continuance of this Agreement, then this Agreement shall automatically terminate at the close of business on the second first anniversary of its execution, or upon the expiration of one year from the effective date of the last such continuance, whichever is later. Termination of this Agreement pursuant to this Section 5 6 shall be without the payment of any penalty.