Common use of Term and Effectiveness Clause in Contracts

Term and Effectiveness. This Agreement shall become effective as of the date that the registration statement of any investment company registered under the 1940 Act that has a principal investment strategy of investing substantially all of its assets in the Company is declared effective by the SEC. Subject to Section 16(b) below, this Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board of Trustees, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 Xxx) of any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company entitled to vote and the vote of a majority of the Company’s Independent Trustees.

Term and Effectiveness. This Agreement shall become effective as of the date that the registration statement of any investment company registered under the 1940 Act that has a principal investment strategy of investing substantially all of its assets in the Company is declared effective by the SEC. Subject to Section 16(b) belowOnce effective, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by by: (i) the vote of the Company’s Board of Trustees, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 1940 Xxx) of xf any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company entitled to vote and the vote of a majority of the Company’s Independent Trustees.

Term and Effectiveness. This Agreement shall become effective as of the date that the registration statement of any investment company registered under the 1940 Act that has a principal investment strategy of investing substantially all of its assets in the Company is declared effective by the SEC. Subject to Section 16(b) belowOnce effective, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by by: (i) the vote of the Company's Board of Trustees, including the vote of a majority of the Company’s 's trustees who are not “"interested persons” " (as such term is defined in Section 2(a)(19) of the 1000 Xxx) of any party to this Agreement (the “"Independent Trustees”"), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company entitled to vote and the vote of a majority of the Company’s 's Independent Trustees.

Term and Effectiveness. This Agreement shall become effective as of the date that the registration statement of any investment company registered under Company meets the 1940 Act that has a principal investment strategy of investing substantially all of its assets minimum offering requirement, as such term is defined in the Company is prospectus contained in the Registration Statement declared effective by the SECSEC (the “Effective Date”). Subject to Section 16(b9(b) below, this Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board of TrusteesBoard, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 1900 Xxx) of any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company entitled to vote and Company, including the vote of a majority of the Company’s Independent Trustees.

Term and Effectiveness. This Agreement shall become effective as of the date that the registration statement of any investment company registered under Company meets the 1940 Act that has a principal investment strategy of investing substantially all of its assets minimum offering requirement, as such term is defined in the Company is Prospectus contained in the Company’s Registration Statement as declared effective by the SEC. Subject to Section 16(b) belowOnce effective, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by by: (i) the vote of the Company’s Board of Trustees, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 1900 Xxx) of any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company entitled to vote and Company, including the vote of a majority of the Company’s Independent Trustees.