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 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 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 is terminable, without penalty, on sixty (60) daysʹ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ (d) NLD agrees to notify the Trust immediately upon the event of NLD’s expulsion or suspension by FINRA. This Agreement will automatically and immediately terminate in the event of NLD’s expulsion or suspension by FINRA.

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 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) daysʹ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ (d) NLD agrees to notify the Trust immediately upon the event of NLD’s expulsion or suspension by the FINRA. This Agreement will automatically and immediately terminate in the event of NLD’s expulsion or suspension by the FINRA.

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 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 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 sixty (60) daysʹ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺʺassignmentʺ. (d) NLD agrees to notify the Trust immediately upon the event of NLD’s expulsion or suspension by FINRA. This Agreement will automatically and immediately terminate in the event of NLD’s expulsion or suspension by FINRA.

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 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 sixty (60) daysʹ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ (d) NLD agrees to notify the Trust immediately upon the event of NLD’s expulsion or suspension by FINRA. This Agreement will automatically and immediately terminate in the event of NLD’s expulsion or suspension by FINRA.

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 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 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 is terminable, without penalty, on sixty (60) daysʹ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ (d) NLD agrees to notify the Trust immediately upon the event of NLD’s expulsion or suspension by FINRA. This Agreement will automatically and immediately terminate in the event of NLD’s expulsion or suspension by FINRA.