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 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 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 TrustFund’s 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 ʺinterested personsʺ "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 thirty (6030) daysʹ days’ notice, by the Board, by vote of a majority of the outstanding voting securities of such Trustthe Fund, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ"assignment." (d) NLD agrees to notify the Trust 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 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 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 ʺinterested personsʺ “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) daysʹ days’ notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustCorporation, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ“assignment.” (d) NLD agrees to notify the Trust 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 two-year term and will continue thereafter so long as such continuance is specifically approved at least annually (i) by the TrustCompany’s s Board or (ii) by a vote of a majority of the Shares of the TrustCompany, provided that in either event its continuance also is approved by a majority of the Board members who are not ʺinterested personsʺ "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) daysʹ days' notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustCompany, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ"assignment." (d) NLD agrees to notify the Trust 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 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 ʺinterested personsʺ "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) daysʹ days' 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"assignment." (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 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 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 “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) daysʹ days’ 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“assignment.” (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 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 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 "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) daysʹ days’ written 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"assignment." (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 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 is terminable, without penalty, on sixty (60) daysʹ days written 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) ʺassignment.ʺ NLD agrees to notify the 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 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 Corporation'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 ʺinterested personsʺ "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) daysʹ days' notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustCorporation, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ"assignment." (d) NLD agrees to notify the Trust 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 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 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 "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) daysʹ days' 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"assignment." (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 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 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 ʺinterested personsʺ “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) daysʹ days’ notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustCorporation, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ“assignment.” (d) NLD agrees to notify the Trust 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 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 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 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 "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) daysʹ days' 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"assignment." (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 TrustCompany’s s Board or (ii) by a vote of a majority of the Shares of the TrustCompany, provided that in either event its continuance also is approved by a majority of the Board members who are not ʺinterested personsʺ "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) daysʹ days' notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustCompany, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ"assignment." (d) NLD agrees to notify the Trust 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 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 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.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 "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) daysʹ days' 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"assignment." (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 FINRAthe FXXXX.

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 “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) daysʹ days’ 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“assignment.” (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 TrustFund’s 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 ʺinterested personsʺ "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) daysʹ days' written notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustFund, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ"assignment." (d) NLD agrees to notify the Trust 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 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 ʺinterested personsʺ "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) daysʹ days' notice, by the Board, by vote of a majority of the outstanding voting securities of such TrustCorporation, or by NLD. (c) This Agreement will automatically and immediately terminate in the event of its ʺassignment.ʺ"assignment." (d) NLD agrees to notify the Trust 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 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 "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) daysʹ days' 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"assignment." (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 is terminable, without penalty, on sixty (60) daysʹ days written 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 is terminable, without penalty, on sixty (60) daysʹ days’ written 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“assignment.” (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.