Common use of Effective Date, Term and Approval Clause in Contracts

Effective Date, Term and Approval. This Agreement shall become binding against the Company as of the Effective Date. This Agreement shall continue in force and effect for two years from the Effective Date, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by the vote of "a majority of the outstanding voting securities" of the Company (as defined in Section 2(a)(42) of the ▇▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Effective Date, Term and Approval. This Agreement shall become binding against effective with respect to the Company as of the Effective DateCommencement of Operations. This Agreement shall continue in force and effect for two years from the Effective Datedate of this Agreement, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by the vote of "“a majority of the outstanding voting securities" ” of the Company (as defined in Section 2(a)(42) of the ▇▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or "“interested persons" ” (as defined in the ▇▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Effective Date, Term and Approval. This Agreement shall become binding against effective with respect to the Company Company, as of the Effective DateCommencement of Operations. This Agreement shall continue in force and effect for two years from the Effective Datedate of this Agreement, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (i) by the Board or (ii) by the vote of "“a majority of the outstanding voting securities" ” of the Company (as defined in Section 2(a)(42) of the ▇1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or "“interested persons" ” (as defined in the ▇1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Effective Date, Term and Approval. This Agreement shall become binding against the Company as of the Effective DateCommencement of Operations. This Agreement shall continue in force and effect for two years from the Effective Datedate of this Agreement, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: a. (i) by the Board or (ii) by the vote of "“a majority of the outstanding voting securities" ” of the Company (as defined in Section 2(a)(42) of the ▇1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or "“interested persons" ” (as defined in the ▇1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.

Effective Date, Term and Approval. This Agreement shall become binding against the Company as of the Effective Date. This Agreement shall continue in force and effect for two years from the Effective Date, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: a. (i) by the Board or (ii) by the vote of "“a majority of the outstanding voting securities" ” of the Company (as defined in Section 2(a)(42) of the ▇1▇▇▇ ▇▇▇); and b. by the affirmative vote of a majority of the directors who are not parties to this Agreement or "“interested persons" ” (as defined in the ▇1▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors of the Company), by votes cast in person at a meeting specifically called for such purpose.