Common use of Term and Approval Clause in Contracts

Term and Approval. This Agreement shall become effective with respect to a Fund for an initial two-year term after being approved in accordance with the requirements of the 1940 Act, and executed by the Manager and the Trust, and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “a majority of the outstanding voting securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s Trustees who are not parties to this Agreement or “interested persons” (as defined in the 1000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a the Fund for an initial two-year term after being approved in accordance with the requirements of the 1940 Act, Act and executed by the Manager and the Trust, and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “"a majority of the outstanding voting securities” " of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s 's Trustees who are not parties to this Agreement or “"interested persons” " (as defined in the 1000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a Fund for an initial two-year term after being it is approved in accordance with the express requirements of the 1940 Act, and executed by the Manager and the Trust, Adviser and Sub-Adviser and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “"a majority of the outstanding voting securities” " of the Fund (as defined in Section 2(a)(42) of the 1940 Act), andor (b) by the affirmative vote of a majority of the Trust’s 's Trustees who are not parties to this Agreement or “"interested persons” " (as defined in the 1000 0000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a Fund for an initial two-year term after being approved in accordance with the requirements of the 1940 Act, and executed by the Manager Adviser and the Trust, and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “a majority of the outstanding voting securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s Trustees who are not parties to this Agreement or “interested persons” (as defined in the 1000 Xxx1940 Act) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a the Fund for an initial two-year term after being it is approved in accordance with the express requirements of the 1940 Act, and executed by the Manager and the Trust, Adviser and Sub-Adviser and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “a majority of the outstanding voting securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s Trustees who are not parties to this Agreement or “interested persons” (as defined in the 1000 0000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a Fund for an initial two-year term after being approved in accordance with the requirements of the 1940 Act, and executed by the Manager Adviser and the Trust, and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “a majority of the outstanding voting securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s Trustees who are not parties to this Agreement or “interested persons” (as defined in the 1000 0000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a Fund for an initial two-year term after being if approved in accordance with by the requirements shareholders of the 1940 Actsuch Fund, and executed by the Manager and the Trustif so approved, and this Agreement shall thereafter continue in force and effect until June 30, 2001, and may be continued from year to yearyear thereafter, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) (i) by the Board, Trust's Board of Trustees or (ii) by the vote of “"a majority of the outstanding voting securities” " of the such Fund (as defined in under Section 2(a)(42) of the 1940 ActXxx), and; xnd (b) by the affirmative vote of a majority of the Trust’s Trustees trustees who are not parties to this Agreement or “"interested persons” " (as defined in the 1000 1940 Xxx) of xx a party to this Agreement (other than as Trustees trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a the Fund for an initial two-year term after being approved in accordance with the requirements of the 1940 Act, Act and executed by the Manager Adviser and the Trust, and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “a majority of the outstanding voting securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s Trustees who are not parties to this Agreement or “interested persons” (as defined in the 1000 0000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a the Fund for an initial two-year term after being it is approved in accordance with the express requirements of the 1940 Act, and executed by the Manager and the Trust, Adviser and Sub-Adviser and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “"a majority of the outstanding voting securities” " of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s 's Trustees who are not parties to this Agreement or “"interested persons” " (as defined in the 1000 0000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a the Fund for an initial two-year term after being approved in accordance with the requirements of the 1940 Act, Act and executed by the Manager and the Trust, and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “"a majority of the outstanding voting securities” " of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s 's Trustees who are not parties to this Agreement or “"interested persons” " (as defined in the 1000 0000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a each Fund for an initial two-year term after being approved in accordance with the requirements as of the 1940 Act, and executed by the Manager and the Trust, date first set forth above and shall thereafter continue in force and effect for one year, and may be continued from year to yearyear with respect to each Fund thereafter, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) (i) by the Board, Trust's Board of Trustees or (ii) by the vote of “"a majority of the outstanding voting securities” " of the Fund (as defined in Section 2(a)(42) of the 1940 Act0000 Xxx), ; and (b) by the affirmative vote of a majority of the Trust’s Trustees of the Trustees who are not parties to this Agreement or “"interested persons” " (as defined in the 1000 0000 Xxx) of a party to this Agreement (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.

Term and Approval. This Agreement shall become effective with respect to a the Fund for an initial two-year term after being approved in accordance with the requirements of the 1940 Act, Act and executed by the Manager Adviser and the Trust, and shall thereafter continue from year to year, provided that the continuation of the Agreement is specifically approved in accordance with the requirements of the 1940 Act, which currently requires that the continuation be approved at least annually: (a) by the Board, or by the vote of “"a majority of the outstanding voting securities” " of the Fund (as defined in Section 2(a)(42) of the 1940 Act), and (b) by the affirmative vote of a majority of the Trust’s 's Trustees who are not parties to this Agreement or “"interested persons” " (as defined in the 1000 Xxx1940 Act) of a party to this Agreement thix Xxxxxxent (other than as Trustees of the Trust), by votes cast in person at a meeting specifically called for such purpose.