INVESTMENT ADVISORY AGREEMENT FPA FUNDS TRUST FPA CRESCENT FUND
Exhibit 99.D.1
FPA CRESCENT FUND
AGREEMENT dated October 1, 2006 by and between FPA Funds Trust, a Delaware business trust (the “Fund”), and FIRST PACIFIC ADVISORS, LLC, a Delaware limited liability company (the “Adviser”).
In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current fiscal month as a percentage of the total number of days in such month.
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by vote of a majority of the entire Board of Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Portfolio on 60 days’ written notice to the Adviser.
This Agreement may be terminated by the Adviser at any time, without the payment of any penalty, upon 90 days’ written notice to the Fund. This Agreement will automatically and immediately terminate in the event of its assignment. Any notice under this Agreement shall be given in writing, addressed and delivered or mailed postpaid, to the other party at the principal office of such party.
As used in this Section 9, the terms “assignment”, “interested persons”, and “a vote of a majority of the outstanding voting securities” shall have the respective meanings set forth in Section 2(a)(4), Section 2(a)(19) and Section 2(a)(42) of the 1940 Act.
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By |
/s/ XXXXXX X. XXXXXX |
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Xxxxxx X. Xxxxxx |
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President |
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FIRST PACIFIC ADVISORS, LLC |
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By |
/s/ J. XXXXXXX XXXXXX |
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J. Xxxxxxx Xxxxxx |
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Chief Operating Officer |
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