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

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract is effective on the date first above written, and unless sooner terminated automatically as set forth in Section 4 or unless sooner terminated as hereinafter provided, this Contract will remain in full force and effect as to a Fund until the earlier of (i) 150 days from the date first above written, or (ii) the effective date of a new management contract by and between the Fund and the Manager that has been approved by the affirmative vote of a majority of the outstanding shares of the respective Fund; provided, however, that it will remain in full force and effect for such longer period as the Securities and Exchange Commission or its staff shall permit. Either party hereto may at any time terminate this Contract as to a Fund by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party. Action with respect to a Fund may be taken either (i) by vote of a majority of the Trustees or (ii) by the affirmative vote of a majority of the outstanding shares of the respective Fund. Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty.

EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract is effective on the date first above writtenupon its execution and, and unless sooner terminated automatically as set forth in Section 4 or unless sooner terminated as hereinafter providedin accordance with the following paragraph, this Contract will remain in full force and effect as to a the Fund until the earlier of (i) the date that is 150 days from after the effective date first above writtenof this Contract, or (ii) the effective date of a new management contract by and between the Fund and the Manager that has been approved by the affirmative vote of a majority of the outstanding shares voting securities of the respective Fund; provided, however, that it this Contract will remain in full force and effect for such longer period as the Securities and Exchange Commission or its staff shall permit, by no action letter, interpretation or otherwise. Either party hereto The Fund may at any time terminate this Contract by not more than 10 calendar days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager. Subject to the foregoing, the Manager may at any time terminate this Contract as to a the Fund by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the other partyFund. Action with respect to a the Fund may be taken either (i) by vote of a majority of the Trustees or (ii) by the affirmative vote of a majority of the outstanding shares of the respective Fund. Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty.