Common use of TERMINATION; NO ASSIGNMENT Clause in Contracts

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Trust on behalf of the Funds at any time without payment of any penalty, by the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a Fund, upon sixty (60) days’ written notice to the Advisor, and by the Advisor upon sixty (60) days' written notice to the Funds. In the event of a termination, the Advisor shall cooperate in the orderly transfer of the Funds’ affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Funds maintained by the Advisor on behalf of the Funds. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Trust on behalf of the Funds at any time without payment of any penalty, by the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a Fundthe Funds, upon sixty (60) days’ written notice to the AdvisorAdviser, and by the Advisor Adviser upon sixty (60) days' ’ written notice to the Funds. In the event of a termination, the Advisor Adviser shall cooperate in the orderly transfer of the Funds’ affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Funds maintained by the Advisor Adviser on behalf of the Funds. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company ActAct and rules and regulations thereunder.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Trust on behalf of the Funds at any time without payment of any penalty, by the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a Fund, upon sixty (60) days’ written notice to the AdvisorAdviser, and by the Advisor Adviser upon sixty (60) days' ’ written notice to the Funds. In the event of a termination, the Advisor Adviser shall cooperate in the orderly transfer of the Funds’ affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Funds maintained by the Advisor Adviser on behalf of the Funds. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Trust on behalf of the Funds a Fund at any time without payment of any penalty, by the Trust’s Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a such Fund, upon sixty (60) days’ written notice to the AdvisorAdviser, and by the Advisor Adviser upon sixty (60) days' days written notice to the Fundssuch Fund. In the event of a termination, the Advisor Adviser shall cooperate in the orderly transfer of the Funds’ Fund’s affairs and, at the request of the Trust’s Board of Trustees, transfer any and all books and records of the Funds such Fund maintained by the Advisor Adviser on behalf of the FundsFund. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated without payment or penalty by the Trust on behalf of the Funds a Fund at any time without payment of any penaltytime, by the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a Fund, upon sixty (60) days’ written notice to the AdvisorAdviser, and without payment or penalty by the Advisor Adviser upon sixty (60) days' ’ written notice to the Fundsa Fund. In the event of a termination, the Advisor Adviser shall cooperate in the orderly transfer of the Funds’ affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Funds maintained by the Advisor Adviser on behalf of the Funds. Notwithstanding the foregoing, the Adviser shall have the right to retain a copy of any such books and records for regulatory and compliance purposes. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Trust on behalf of the Funds at any time without payment of any penalty, by the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a Fund, upon sixty (60) days’ ' written notice to the AdvisorAdviser, and by the Advisor Adviser upon sixty (60) days' written notice to the Funds. In the event of a termination, the Advisor Adviser shall cooperate in the orderly transfer of the Funds’ affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Funds maintained by the Advisor Adviser on behalf of the Funds. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Trust on behalf of the Funds Fund at any time without payment of any penalty, by the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a the Fund, upon sixty (60) days’ written notice to the AdvisorAdviser, and by the Advisor Adviser upon sixty (60) days' ’ written notice to the FundsFund. In the event of a termination, the Advisor Adviser shall cooperate in the orderly transfer of the Funds’ Fund’s affairs and, at the request of the Board of Trustees, transfer transfer, at the Fund’s expense, any and all books and records of the Funds Fund maintained by the Advisor Adviser on behalf of the FundsFund; provided however that the Advisor may maintain duplicate copies of such books and records for its files at its own expense. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Trust on behalf of the Funds Fund at any time without payment of any penalty, by the Trust’s Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a the Fund, upon sixty (60) days’ written notice to the AdvisorAdviser, and by the Advisor Adviser upon sixty (60) days' days written notice to the Fundssuch Fund. In the event of a termination, the Advisor Adviser shall cooperate in the orderly transfer of the Funds’ Fund’s affairs and, at the request of the Trust’s Board of Trustees, transfer any and all books and records of the Funds such Fund maintained by the Advisor Adviser on behalf of the FundsFund. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.