Common use of Term and Continuation Clause in Contracts

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of the Trust or the Administrator, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“Qualified Trustees”), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually annually: (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of the Trust or the Administrator, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“Qualified Trustees”), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of the Trust or the Administrator, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“Qualified Trustees”), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated abovehereof, and shall remain in effect, unless sooner terminated as provided herein, for until one year from such datethe date of this Agreement, and shall continue thereafter on an annual basis with respect to each Fund the Fund, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx) of the Trust Trust, or the AdministratorPAFM, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“"Qualified Trustees”), ") cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, assignment or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.. This Agreement may be terminated:

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated abovehereof, and shall remain in effect, unless sooner terminated as provided herein, for until one year from such datethe date of this Agreement, and shall continue thereafter on an annual basis with respect to each Fund Fund, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of the Trust Trust, or the Administrator, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“Qualified Trustees”), ) cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, assignment or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.. This Agreement may be terminated:

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated abovehereof, and shall remain in effect, unless sooner terminated as provided herein, for until one year from such datethe date of this Agreement, and shall continue thereafter on an annual basis with respect to each Fund Fund, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx) of the Trust Trust, or the AdministratorPAFM, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“"Qualified Trustees”), ") cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, assignment or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.. This Agreement may be terminated:

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated above--------------------- hereof, and shall remain in effect, unless sooner terminated as provided herein, for until one year from such datethe date of this Agreement, and shall continue thereafter on an annual basis with respect to each Fund Fund, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx) of the Trust Trust, or the AdministratorPALP, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“"Qualified Trustees”), ") cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, assignment or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.. This Agreement may be terminated:

Term and Continuation. This Amended and Restated Agreement shall take --------------------- effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx) of the Trust or the Administrator, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“"Qualified Trustees”"), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Trust’s Board of Trustees of the Trust, and (b) by the vote vote, cast in person at a meeting called for such purpose, of a majority of the Board of Trust’s Trustees of the Trust who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of the Trust or the Administrator, any such party and who have no direct or indirect financial interest in the operation of this agreement Agreement or any agreement related to Special Class D Services (“Qualified Trustees”), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated abovehereof, and shall remain in effect, unless sooner terminated as provided herein, for until one year from such datethe date of this Agreement, and shall continue thereafter on an annual basis with respect to each Fund Fund, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx1940 Act) of the Trust Trust, or the Administrator, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“Qualified Trustees”), ) cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, assignment or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.. This Agreement may be terminated:

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated abovehereof, and shall remain in effect, unless sooner terminated as provided herein, for until one year from such datethe date of this Agreement, and shall continue thereafter on an annual basis with respect to each Fund Fund, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx) of the Trust Trust, or the AdministratorPFA, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“"Qualified Trustees”), ") cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, assignment or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.. This Agreement may be terminated:

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year two years from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of the Fund or by the Trust’s Board of Trustees of the Trust, and (b) by the vote vote, cast in person at a meeting called for such purpose, of a majority of the Board of Trust’s Trustees of the Trust who are not parties to this Agreement or “interested persons” (as defined in the 0000 Xxx) of the Trust or the Administrator, any such party and who have no direct or indirect financial interest in the operation of this agreement Agreement or any agreement related to Special Class D Services (“Qualified Trustees”), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.

Term and Continuation. This Amended and Restated Agreement shall take effect as of the --------------------- date indicated abovehereof, and shall remain in effect, unless sooner terminated as provided herein, for until one year from such datethe date of this Agreement, and shall continue thereafter on an annual basis with respect to each Fund Fund, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx) of the Trust Trust, or the AdministratorPALP, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“"Qualified Trustees”), ") cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, assignment or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.. This Agreement may be terminated:

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year two years from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities (as defined in the 1940 Act) of the Xxxx xx by the Trust's Board of Trustees of the Trust, and (b) by the vote vote, cast in person at a meeting called for such purpose, of a majority of the Board of Trust's Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx1940 Act) of the Trust or the Administrator, any xxxx xxrty and who have no direct or indirect financial interest in the operation of this agreement Agreement or any agreement related to Special Class D Services (“"Qualified Trustees”"), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.

Term and Continuation. This Amended and Restated Agreement shall --------------------- take effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx) of the Trust or the Administrator, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D Services (“"Qualified Trustees”"), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.

Term and Continuation. This Amended and Restated Agreement shall take effect as of the date indicated above, and shall remain in effect, unless sooner terminated as provided herein, for one year from such date, and shall continue thereafter on an annual basis with respect to each Fund provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “"interested persons” " (as defined in the 0000 Xxx) of the Trust or the Administrator, and who have no direct or indirect financial interest in the operation of this agreement or any agreement related to Special Class D R Services (“"Qualified Trustees”"), cast in person at a meeting called for the purpose of voting on such approval. Failure of the Qualified Trustees to renew this Agreement and/or its termination by shareholder vote, assignment, or otherwise, shall not preclude the Board of Trustees from approving a substitute agreement in the manner provided under applicable law.