Common use of TERMINATION; NO ASSIGNMENT Clause in Contracts

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Portfolio at any time without payment of any penalty, by the Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio, upon sixty (60) days' written notice to the Adviser, and by the Adviser upon sixty (60) days' written notice to the Portfolio. In the event of a termination, the Adviser shall cooperate in the orderly transfer of the Portfolio's affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Portfolio maintained by the Adviser on behalf of the Portfolio.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Trust on behalf of the Portfolio 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 the Portfolio, upon sixty (60) days' written notice to the AdviserAdvisor, and by the Adviser Advisor upon sixty (60) days' written notice to the Portfolio. In the event of a termination, the Adviser Advisor shall cooperate in the orderly transfer of the Portfolio's affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Portfolio maintained by the Adviser Advisor on behalf of the Portfolio.