Common use of Renewal, Termination and Amendment Clause in Contracts

Renewal, Termination and Amendment. a) This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, for a period of twelve months from the date hereof and it shall continue indefinitely thereafter as to each Fund, provided that such continuance is specifically approved by the parties hereto and, in addition, at least annually by (i) the vote of holders of a majority of the outstanding voting securities of the affected Fund or by vote of a majority of the Trust's Board of Trustees and (ii) by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of the Advisor, cast in person at a meeting called for the purpose of voting on such approval. b) This Agreement may be terminated at any time, with respect to any Fund(s), without payment of any penalty, by the Trust's Board of Trustees or by a vote of the majority of the outstanding voting securities of the affected Fund(s) upon 60 days' prior written notice to the Advisor and by the Advisor upon 60 days' prior written notice to the Trust. c) This Agreement may be amended at any time by the parties hereto, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of any Fund affected by such change. This Agreement shall terminate automatically in the event of its assignment. d) The terms "assignment," "interested persons" and "majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. a) a. This Agreement shall continue in effect, unless sooner terminated as hereinafter providedunder this Agreement, for a period of twelve months from the date hereof through July 15, 2023; and it shall thereafter continue indefinitely thereafter as to each Fund, for successive annual terms provided that such continuance is specifically approved by the parties hereto and, in addition, at least annually by (i) the vote of the holders of a majority of the outstanding voting securities of the affected Fund or (ii) by vote of a majority of the Trust's ’s Board of Trustees and (ii) by including the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of either the Advisor or the Sub-Advisor, cast in person at a meeting called for the purpose of voting on such approval. b) b. This Agreement may be terminated at any time, with respect to any Fund(s), without payment of any penalty, (i) by the Advisor upon not more than 60-days’ nor less than 30-days’ prior written notice delivered or mailed, postage prepaid, to the Sub-Advisor; (ii) by the Sub-Advisor upon not less than 60-days’ prior written notice delivered or mailed, postage prepaid, to the Advisor; or (iii) by the Trust's Board of Trustees or by a , upon either (y) the majority vote of the Board or (z) the affirmative vote of a majority of the outstanding voting securities of the affected Fund(s) upon 60 days' prior written notice to Fund. This Agreement shall terminate automatically in the Advisor and by the Advisor upon 60 days' prior written notice to the Trustevent of its assignment. c) c. This Agreement may be amended at any time by the parties heretoparties, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of any the Fund affected by such change. This Agreement shall terminate automatically in the event of its assignment. d) d. The terms "“assignment," "” “interested persons" ” and "“majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. a) This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, for a period of twelve months two years from the date hereof and it shall continue indefinitely thereafter as to each Fund, provided that such continuance is specifically approved by the parties hereto and, in addition, at least annually by (i) the vote of holders of a majority of the outstanding voting securities of the affected Fund or by vote of a majority of the Trust's Board of Trustees and (ii) by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of the AdvisorAdviser, cast in person at a meeting called for the purpose of voting on such approval. b) This Agreement may be terminated at any time, with respect to any Fund(s), without payment of any penalty, by the Trust's Board of Trustees or by a vote of the majority of the outstanding voting securities of the affected Fund(s) upon 60 days' prior written notice to the Advisor and by the Advisor upon 60 days' prior written notice to the Trust.upon c) This Agreement may be amended at any time by the parties hereto, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of any Fund affected by such change. This Agreement shall terminate automatically in the event of its assignment. d) The terms "assignment," "interested persons" and "majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. a) This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, for a period of twelve months from the date hereof and it shall continue indefinitely thereafter as to each Fund, provided that such continuance is specifically approved by the parties hereto and, in addition, at least annually by (i) the vote of holders of a majority of the outstanding voting securities of the affected Fund or by vote of a majority of the Trust's Board of Trustees and (ii) by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of the Advisor, cast in person at a meeting called for the purpose of voting on such approval. b) This Agreement may be terminated at any time, with respect to any Fund(s), without payment of any penalty, by the Trust's Board of Trustees or by a vote of the majority of the outstanding voting securities of the affected Fund(s) upon 60 days' prior written notice to the Advisor and by the Advisor upon 60 days' prior written notice to the Trust. c) This Agreement may be amended at any time by the parties hereto, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of any Fund affected by such change. This Agreement shall terminate automatically in the event of its assignment. d) The terms "assignment," ", "interested persons" and "majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. a) This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, for a period of twelve months two years from the date hereof and it shall continue indefinitely thereafter as to each Fund, provided that such continuance is specifically approved by the parties hereto and, in addition, at least annually by (i) the vote of holders of a majority of the outstanding voting securities of the affected Fund or by vote of a majority of the Trust's Board of Trustees and (ii) by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of the AdvisorAdviser, cast in person at a meeting called for the purpose of voting on such approval. b) This Agreement may be terminated at any time, with respect to any Fund(s), without payment of any penalty, by the Trust's Board of Trustees or by a vote of the majority of the outstanding voting securities of the affected Fund(s) upon 60 days' prior written notice to the Advisor Adviser and by the Advisor Adviser upon 60 days' prior written notice to the Trust. c) This Agreement may be amended at any time by the parties hereto, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of any Fund affected by such change. This Agreement shall terminate automatically in the event of its assignment. d) The terms "assignment," "interested persons" and "majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act.