Common use of EFFECTIVENESS AND DURATION Clause in Contracts

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD agrees to notify the Trust immediately upon the event of AFD’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "“interested persons" ” of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' ’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twoone-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-a period of one year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, or by vote of a majority of the outstanding voting securities of such the Trust, or . The Agreement may be terminated at any time without penalty upon one hundred twenty (120) days’ written notice by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD agrees to notify the Trust immediately upon the event of AFD’s 's expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s 's expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty days' (60) days written notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDXTF CAPITAL. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD XTF CAPITAL agrees to notify the Trust immediately upon the event of AFDXTF CAPITAL’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFDXTF CAPITAL’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDLTC. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD LTC agrees to notify the Trust immediately upon the event of AFDLTC’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFDLTC’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term until June 30, 2019, and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually annually: (i) by the Trust’s s Board Board, or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDDistributor. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD Distributor agrees to notify the Trust immediately upon the event of AFDDistributor’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFDDistributor’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustTRUST’s s Board or (ii) by a vote of a majority of the Shares of the TrustTRUST, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This After the initial two-year term, this agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustTRUST, or by AFDDISTRIBUTOR. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD DISTRIBUTOR agrees to notify the Trust TRUST immediately upon the event of AFDDISTRIBUTOR’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFDDISTRIBUTOR’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty (60) days' ’ written notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof Effective Date and have an initial term of two (2) years (the “Initial Term”). This Agreement will continue for an initial two-year term and will continue thereafter after the Initial Term so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof Effective Date and have an initial term of two (2) years (the “Initial Term”). This Agreement will continue for an initial two-year term and will continue thereafter after the Initial Term so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "“interested persons" ” of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty (60) days' ’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "“interested persons" ” of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' ’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" ʺinterested personsʺ of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty (60) days' ’ written notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s 's s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDOFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD OFD agrees to notify the Trust immediately upon the event of AFD’s OFD's expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s OFD's expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twoone-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "“interested persons" ” of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty (60) days' ’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year two‐year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" ʺinterested personsʺ of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty days' (60) daysʹ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment."ʺassignment.ʺ (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDAmeriMutual. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD AmeriMutual agrees to notify the Trust immediately upon the event of AFD’s AmeriMutual's expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s AmeriMutual's expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD XXX agrees to notify the Trust immediately upon the event of AFD’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFXXXX.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Corporation's Board or (ii) by a vote of a majority of the Shares of the TrustCorporation or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) . This agreement is terminable, without penalty, on not less than sixty days' notice, by the t he Board, by vote of a majority of the outstanding voting securities of such TrustCorporation, or by AFD. (c) AmeriMutual. This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD " AmeriMutual agrees to notify the Trust Corporation immediately upon the event of AFD’s AmeriMutual's expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s AmeriMutual's expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustTRUST’s s Board or (ii) by a vote of a majority of the Shares of the TrustTRUST, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustTRUST, or by AFDDISTRIBUTOR. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD DISTRIBUTOR agrees to notify the Trust TRUST immediately upon the event of AFDDISTRIBUTOR’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDDISTRIBUTOR’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twoone-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDDistributor. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD Distributor agrees to notify the Trust immediately upon the event of AFD’s Distributor's expulsion from or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s Distributor's expulsion from or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, AFD or by AFD.AICC .. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD agrees and AICC agree to notify the Trust immediately upon the event of AFD’s or AICC’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s or AICC’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDAxxxxx. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD Axxxxx agrees to notify the Trust immediately upon the event of AFD’s Axxxxx’x expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFD’s Axxxxx’x expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "“interested persons" ” of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' ’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD agrees to notify the Trust immediately upon the event of AFD’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "“interested persons" ” of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty (60) days' ’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustCorporation’s s Board or (ii) by a vote of a majority of the Shares of the TrustCorporation, provided that in either event its continuance also is approved by a majority of the Board members who are not "“interested persons" ” of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' ’ notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustCorporation, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD agrees to notify the Trust Corporation immediately upon the event of AFD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term running through February 28, 2005, and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD agrees to notify the Trust immediately upon the event of AFD’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twothree-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty daysthree weeks' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDDistributor. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD Distributor agrees to notify the Trust immediately upon the event of AFD’s Distributor's expulsion from or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s Distributor's expulsion from or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "“interested persons" ” of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' ’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDLBC. (c) This Agreement will automatically and immediately terminate in the event of its "“assignment."” (d) AFD LBC agrees to notify the Trust immediately upon the event of AFDLBC’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDLBC’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year one -year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Fund's Board or (ii) by a vote of a majority of the Shares of the TrustFund, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustFund, or by AFDOFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD OFD agrees to notify the Trust Fund immediately upon the event of AFD’s OFD's expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s OFD's expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement Agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFDNLD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFDNLD’s expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty (60) days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDNLD. (c) This Agreement will wil1 automatically and immediately terminate in the event of its "assignment." (d) AFD NLD agrees to notify the Trust immediately upon the event of AFD’s NLD's expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFD’s NLD's expulsion or suspension by the NASDFINRA.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial twoone-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s 's Board or (ii) by a vote of a majority of the Shares of the TrustTrust or the relevant Fund, as the case may be, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFDOFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD OFD agrees to notify the Trust immediately upon the event of AFD’s OFD's expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s OFD's expulsion or suspension by the NASD.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares outstanding voting securities of the TrustFunds, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, ninety (90) days notice by the Board, by vote of a majority of the outstanding voting securities of such Trustthe Funds, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD agrees to notify the Trust immediately upon the event of AFD’s expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s expulsion or suspension by the NASD. (e) The obligations of Sections 8, 9, 10, 11 and 13 shall survive any termination of this Agreement.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares outstanding voting securities of the TrustFunds, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, ninety (90) days notice by the Board, by vote of a majority of the outstanding voting securities of such Trustthe Funds, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD agrees to notify the Trust immediately upon the event of AFD’s 's expulsion or suspension by the NASD. This Agreement will automatically and immediately terminate in the event of AFD’s 's expulsion or suspension by the NASD. (e) The obligations of Sections 8, 9, 10, 11 and 13 shall survive any termination of this Agreement.

EFFECTIVENESS AND DURATION. (a) This Agreement shall become effective as of the date hereof and will continue for an initial two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s s Board or (ii) by a vote of a majority of the Shares of the Trust, provided that in either event its continuance also is approved by a majority of the Board members who are not "interested persons" of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. (b) This agreement is terminable, without penalty, on not less than sixty days' notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by AFD. (c) This Agreement will automatically and immediately terminate in the event of its "assignment." (d) AFD agrees to notify the Trust immediately upon the event of AFD’s expulsion or suspension by the NASDFINRA. This Agreement will automatically and immediately terminate in the event of AFD’s expulsion or suspension by the NASDFINRA.