Common use of EFFECTIVENESS, DURATION AND TERMINATION Clause in Contracts

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act) and (b) the vote of a majority of the Fund’s trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefrom. This Agreement may be terminated at any time, without the payment of any penalty, by (x) (i) the Board of Trustees or (ii) a vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (y) the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act) and (b) the vote of a majority of the Fund’s trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (x) (i) the Board of Trustees or (ii) a vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (y) the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees Directors or the vote of a majority of the outstanding voting securities of the Fund Company (as defined in Section 2(a)(42) of the 1940 Act1▇▇▇ ▇▇▇) and (b) the vote of a majority of the FundCompany’s trustees directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act1▇▇▇ ▇▇▇) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (xa) (i) the Board of Trustees Directors or (ii) a vote of a majority of the outstanding voting securities of the Fund Company (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (yb) the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. (a) This Agreement shall become effective as of the first date above writtenClosing Date. This Agreement shall remain in effect for two yearsyears after such date, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by by: (ai) the vote of the Board of Trustees Board, or by the vote of holders of a majority of the outstanding voting securities of the Fund Company; and (as defined in Section 2(a)(42) of the 1940 Act) and (bii) the vote of a majority of the FundCompany’s trustees directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Investment Company Act) of any such partyparty hereto, in accordance with the requirements of the 1940 Act or any exemptive relief therefrom. Investment Company Act. (b) This Agreement may be terminated at any time, without the payment of any penalty, upon 60 days’ written notice, by (x) (i) the Board vote of Trustees or (ii) a vote holders of a majority of the outstanding voting securities of the Fund Company, (as defined in Section 2(a)(42ii) the vote of the 1940 Act)Board, in each case upon not less than 60 days’ written notice or (yiii) the Adviser upon not less than 90 days’ written notice. Advisor. (c) This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Investment Company Act). ; provided that nothing herein shall cause this Agreement to terminate upon or otherwise restrict a transaction that does not result in a change of actual control or management of the Advisor. (d) The provisions of Article VI Section 9 of this Agreement shall remain in full force and effect, and the Adviser Advisor shall remain entitled to the benefits thereof, notwithstanding any termination or expiration of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser Advisor shall be entitled to any amounts owed under Article IV Section 3 through the date of termination or expiration, expiration and Article VI Section 9 shall continue in force and effect and apply to the Indemnified Parties Advisor and its representatives as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for a period of two yearsyears following its initial effective date on November 29, 2021, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees Directors or the vote of a majority of the outstanding voting securities of the Fund Company (as defined in Section 2(a)(42) of the 1940 Act) and (b) the vote of a majority of the FundCompany’s trustees directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (xa) (i) the Board of Trustees Directors or (ii) a vote of a majority of the outstanding voting securities of the Fund Company (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (yb) the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees Directors or the vote of a majority of the outstanding voting securities of the Fund Company (as defined in Section 2(a)(42) of the 1940 Act) and (b) the vote of a majority of the FundCompany’s trustees directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (xa) (i) the Board of Trustees Directors or (ii) a vote of a majority of the outstanding voting securities of the Fund Company (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (yb) the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. (a) This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two yearsyears after such date, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by by: (ai) the vote of the Board of Trustees Board, or by the vote of holders of a majority of the outstanding voting securities of the Fund Company; and (as defined in Section 2(a)(42) of the 1940 Act) and (bii) the vote of a majority of the FundCompany’s trustees directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Investment Company Act) of any such partyparty hereto, in accordance with the requirements of the 1940 Act or any exemptive relief therefrom. Investment Company Act. (b) This Agreement may be terminated at any time, without the payment of any penalty, upon 60 days’ written notice, by (x) (i) the Board vote of Trustees or (ii) a vote holders of a majority of the outstanding voting securities of the Fund Company, (as defined in Section 2(a)(42ii) the vote of the 1940 Act), in each case upon not less than 60 days’ written notice Board or (yiii) the Adviser upon not less than 90 days’ written notice. OFS Advisor. (c) This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Investment Company Act). ; provided that nothing herein shall cause this Agreement to terminate upon or otherwise restrict a transaction that does not result in a change of actual control or management of OFS Advisor. (d) The provisions of Article VI Section 8 of this Agreement shall remain in full force and effect, and apply to OFS Advisor and its representatives as and to the Adviser extent applicable, and OFS Advisor shall remain entitled to the benefits thereof, notwithstanding any termination or expiration of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser OFS Advisor shall be entitled to any amounts owed under Article IV Section 3 through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees or the vote of a “majority of the outstanding voting securities securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act) and (b) the vote of a majority of the Fund’s trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (x) the Adviser, but only if authorized by (i) the Board of Trustees or (ii) a vote of a “majority of the outstanding voting securities securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice to the Sub-Adviser or (y) the Sub-Adviser upon not less than 90 60 days’ written noticenotice to the Fund and the Adviser. This Agreement shall automatically terminate in the event of (x) its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act)) or (y) the termination of the Advisory Agreement. The provisions of Article VI V of this Agreement shall remain in full force and effect, and the Sub-Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Sub-Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI V shall continue in force and effect effect, and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act1▇▇▇ ▇▇▇) and (b) the vote of a majority of the Fund’s trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act1▇▇▇ ▇▇▇) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (x) (i) the Board of Trustees or (ii) a vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (y) the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees or the vote of a “majority of the outstanding voting securities securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act) and (b) the vote of a majority of the Fund’s trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (x) (i) the Board of Trustees or (ii) a vote of a “majority of the outstanding voting securities securities” of the Fund (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (y) the Adviser upon not less than 90 60 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect effect, and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two yearsuntil October 29, 2027, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act) and (b) the vote of a majority of the Fund’s trustees who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefrom. This Agreement may be terminated at any time, without the payment of any penalty, by (x) (i) the Board of Trustees or (ii) a vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (y) the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two yearsone year, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees Directors or the vote of a majority of the outstanding voting securities of the Fund Company (as defined in Section 2(a)(42) of the 1940 Act1▇▇▇ ▇▇▇) and (b) the vote of a majority of the FundCompany’s trustees directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act1▇▇▇ ▇▇▇) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (xa) (i) the Board of Trustees Directors or (ii) a vote of a majority of the outstanding voting securities of the Fund Company (as defined in Section 2(a)(42) of the 1940 Act), in each case upon not less than 60 days’ written notice or (yb) the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) the vote of the Board of Trustees Directors or the vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act) Company and (b) the vote of a majority of the FundCompany’s trustees directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act1▇▇▇ ▇▇▇) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefromAct. This Agreement may be terminated at any time, without the payment of any penalty, by (x) (i) the Board of Trustees or (ii) a vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) of the 1940 Act), in each case Company upon not less than 60 days’ written notice or (y) by the Adviser upon not less than 90 days’ written notice. This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). The provisions of Article VI of this Agreement shall remain in full force and effect, and the Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV through the date of termination or expiration, and Article VI shall continue in force and effect and apply to the Indemnified Parties as and to the extent applicable.

EFFECTIVENESS, DURATION AND TERMINATION. This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods; provided that such continuance is specifically approved at least annually by (a) A condition precedent to the vote effectiveness of this Agreement is the approval of this Agreement by the Board of Trustees or the vote of Directors, including a majority of the outstanding voting securities directors of the Fund (as defined in Section 2(a)(42) of the 1940 Act) and (b) the vote of a majority of the Fund’s trustees Corporation who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Investment Company Act) of any such party, in accordance with the requirements of the 1940 Act or any exemptive relief therefrom. Adviser. (b) This Agreement may be terminated at any time, without the payment of any penalty, by (x) (i) upon written notice, effective on the Board of Trustees or (ii) a date set forth in such notice, by the vote of a majority of the outstanding voting securities of the Fund (as defined in Section 2(a)(42) Corporation or by the vote of the 1940 Act)Corporation’s Directors, in each case or (ii) upon not less than 60 days’ written notice or (y) notice, by the Adviser upon not less than 90 days’ written noticeAdviser. This Agreement shall automatically terminate in From and after the event of its “assignment” (as such term is defined for purposes Effective Date, the provisions of Section 15(a)(4) of the 1940 Act). The provisions of Article VI 7 of this Agreement shall remain in full force and effect, and the Adviser and the other Indemnified Parties shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Article IV Section 6 through the date of termination or expiration, if any. (c) Unless earlier terminated in accordance with its terms, this Agreement shall commence on the Effective Date and Article VI shall (in accordance with Rule 15a-4(b)(1)(ii) of the Investment Company Act) continue in force and effect and apply to for one hundred fifty (150) days from the Indemnified Parties Effective Date. (d) This Agreement will automatically terminate in the event of its “assignment” (as and to such term is defined for purposes of Section 15(a)(4) of the extent applicableInvestment Company Act).