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 Corporation’s s Board or (ii) by a vote of a majority of the Shares of the Corporation, 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 sixty days’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Corporation, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “assignment.” (d) NLD agrees to notify the Corporation 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 one -year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Corporation’s s Fund's Board or (ii) by a vote of a majority of the Shares of the CorporationFund, 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 CorporationFund, or by NLDOFD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD OFD agrees to notify the Corporation Fund immediately upon the event of NLD’s OFD's expulsion or suspension by FINRAthe NASD. This Agreement will automatically and immediately terminate in the event of NLD’s OFD's expulsion or suspension by FINRAthe 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 CorporationTrust’s s Board or (ii) by a vote of a majority of the Shares of the CorporationTrust, 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 sixty days’ (60) days written notice, by the Board, by vote of a majority of the outstanding voting securities of such CorporationTrust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “assignment.”ʺassignment.ʺ (d) NLD agrees to notify the Corporation 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 term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Corporation’s s Board or (ii) by a vote of a majority of the Shares of the Corporation, 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 Corporation, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation 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 term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the CorporationCompany’s s Board or (ii) by a vote of a majority of the Shares of the CorporationCompany, 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 sixty (60) days’ ' notice, by the Board, by vote of a majority of the outstanding voting securities of such CorporationCompany, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation Company 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 term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Corporation’s s Board or (ii) by a vote of a majority of the Shares of the CorporationTrust, 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 sixty (60) days’ ' notice, by the Board, by vote of a majority of the outstanding voting securities of such CorporationTrust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation 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 term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the CorporationCompany’s s Board or (ii) by a vote of a majority of the Shares of the CorporationCompany, 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 CorporationCompany, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation Company 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 term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the Corporation’s 's s Board or (ii) by a vote of a majority of the Shares of the Corporation, 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 sixty days’ ' notice, by the Board, by vote of a majority of the outstanding voting securities of such Corporation, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation immediately upon the event of NLD’s 's expulsion or suspension by FINRA. This Agreement will automatically and immediately terminate in the event of NLD’s '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 term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the CorporationTrust’s s Board or (ii) by a vote of a majority of the Shares of the CorporationTrust, 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 CorporationTrust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation 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 FINRAthe FXXXX.

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 Corporation’s s Board or (ii) by a vote of a majority of the Shares of the Corporation, 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 Corporation, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “assignment.” (d) NLD agrees to notify the Corporation 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 term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the CorporationFund’s s Board or (ii) by a vote of a majority of the Shares of the CorporationFund, 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 sixty (60) days’ ' written notice, by the Board, by vote of a majority of the outstanding voting securities of such CorporationFund, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation Fund 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 twoone-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the CorporationTrust’s s Board or (ii) by a vote of a majority of the Shares of the CorporationTrust, 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 sixty (60) days’ notice, by the Board, by vote of a majority of the outstanding voting securities of such CorporationTrust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “assignment.” (d) NLD agrees to notify the Corporation 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 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 CorporationTrust’s s Board or (ii) by a vote of a majority of the Shares of the CorporationTrust, 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 sixty days’ (60) days written notice, by the Board, by vote of a majority of the outstanding voting securities of such CorporationTrust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “assignment.” (d) ʺassignment.ʺ NLD agrees to notify the Corporation Trust immediately upon the event of NLD’s expulsion or suspension by FINRA. This 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 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 CorporationFund’s s Board or (ii) by a vote of a majority of the Shares of the CorporationFund, 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 sixty thirty (30) days’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Corporationthe Fund, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation Fund 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 term through September 26, 2016 and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the CorporationTrust’s s Board or (ii) by a vote of a majority of the Shares of the CorporationTrust, 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 sixty (60) days’ written notice, by the Board, by vote of a majority of the outstanding voting securities of such CorporationTrust, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its “"assignment.”" (d) NLD agrees to notify the Corporation 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.