Common use of Renewal and Termination Clause in Contracts

Renewal and Termination. (a) This Agreement shall continue in effect for two years from the date of its execution, and from year to year thereafter, unless and until terminated by either party as hereinafter provided. (b) This Agreement may be terminated by either the Fund or the Investment Manager at any time by giving the other party 60 days’ written notice of such intention to terminate, provided that any termination shall be made without the payment of any penalty, and provided further that termination may be effected either by the Board or by a vote of the majority of the outstanding voting securities of the Fund. (c) This Agreement shall terminate in the event of its assignment, the term “assignment” for this purpose having the same meaning as set forth in the 1940 Act, unless the SEC issues an order exempting such assignment from the provisions of the 1940 Act requiring such termination, in which case this Agreement shall remain in full force and effect, subject to the terms of such order. This Agreement shall terminate in the event the Investment Manager ceases to be the investment adviser of the Parent Fund. (d) Except as prohibited by applicable law, this Agreement may be amended with respect to the Fund upon written agreement of the Investment Manager and the Subsidiary. (e) In the event that, in connection with a termination, a successor or successors to any of the duties or responsibilities of the Investment Manager hereunder is/are designated by the Fund by written notice to the Investment Manager, upon such termination the Investment Manager shall promptly, and at the expense of the Fund with respect to which this Agreement is terminated, transfer to each such successor all relevant books, records, and data established or maintained by the Investment Manager under this Agreement and shall cooperate in the transfer of such duties and responsibilities. (f) At such time as this Agreement or any extension, renewal or amendment hereof, or any similar agreement with any organization which shall have succeeded to the business of the Investment Manager, shall no longer be in effect, the Fund will cease to use any name derived from the name of the Investment Manager or of any organization which shall have succeeded to the Investment Manager’s business as investment adviser.

Renewal and Termination. (a) This Agreement shall continue in effect for two years from the date of its execution, and from year to year thereafter, unless and until terminated by either party as hereinafter provided. (b) This Agreement may be terminated by either the Fund Subsidiary or the Investment Manager at any time by giving the other party 60 days’ written notice of such intention to terminate, provided that any termination shall be made without the payment of any penalty, and provided further that termination may be effected either by the Subsidiary Board or by a vote of the majority of the outstanding voting securities of the FundSubsidiary. (c) This Agreement shall terminate in the event of its assignment, with the term “assignment” for this purpose having the same meaning as set forth in the 1940 Act, unless the SEC issues an order exempting such assignment from the provisions of the 1940 Act requiring such termination, in which case this Agreement shall remain in full force and effect, subject to the terms of such order. This Agreement shall terminate in the event the Investment Manager ceases to be the investment adviser of the Parent Fund. (d) Except as prohibited by applicable law, this Agreement may be amended with respect to the Fund Subsidiary upon written agreement of the Investment Manager and the Subsidiary. (e) In the event that, in connection with a termination, a successor or successors to any of the duties or responsibilities of the Investment Manager hereunder is/are designated by the Fund Subsidiary by written notice to the Investment Manager, upon such termination the Investment Manager shall promptly, and at the expense of the Fund Subsidiary with respect to which this Agreement is terminated, transfer to each such successor all relevant books, records, and data established or maintained by the Investment Manager under this Agreement and shall cooperate in the transfer of such duties and responsibilities. (f) At such time as this Agreement or any extension, renewal or amendment hereof, or any similar agreement with any organization which shall have succeeded to the business of the Investment Manager, shall no longer be in effect, the Fund Subsidiary will cease to use any name derived from the name of the Investment Manager or of any organization which shall have succeeded to the Investment Manager’s business as investment adviser.

Renewal and Termination. (a) This Agreement shall become effective on and as of the date on which any Fund is first offered for sale and shall continue through the period ending two years from such date. For any new Fund added to Schedule 1, this Agreement shall become effective on the date such Fund is first offered for sale and shall continue in effect for such Fund through the period ending two years from such date. Thereafter, this Agreement shall continue in effect for successive annual periods only so long as its continuance has been specifically approved at least annually by the date of its execution, and from year to year thereafter, unless and until terminated by either party as hereinafter provided. (b) Board in the manner required under the 1940 Act. This Agreement (a) may be terminated by either the Fund or the Investment Manager at any time by giving the other party 60 days’ written notice of such intention to terminate, provided that any termination shall be made terminated without the payment of any penalty, and provided further that termination may be effected penalty either by the Board or by a vote of the Board or, as to any Fund, by vote of a majority of the outstanding voting securities of the Fund. , on 60 days’ prior written notice to the Sub-Adviser or the Sub-Manager, as applicable; (cb) This Agreement shall immediately terminate (i) in the event of its assignment, (ii) if the term “assignment” for Manager is no longer providing investment advisory and administrative services to the Trust, or (iii) upon written notice by a party to the other party that the other party is in material breach of this purpose having the same meaning as set forth in the 1940 ActAgreement, unless the SEC issues an order exempting party in material breach of this Agreement cures such assignment from breach to the provisions reasonable satisfaction of the 1940 Act requiring such termination, in which case this Agreement shall remain in full force and effect, subject party alleging the breach within thirty (30) days after written notice; (c) may be terminated by the Manager on 90 days’ written notice to the terms of such order. This Agreement shall terminate in the event the Investment Manager ceases to be the investment adviser of the Parent Fund. Sub-Adviser or Sub-Manager, as applicable; and (d) Except as prohibited may be terminated by applicable law, the Sub-Adviser or the Sub-Manager on 90 days’ written notice to the Manager. The termination of this Agreement may be amended by the Sub-Adviser, or by the Manager with respect to the Fund upon written agreement Sub-Adviser, shall not affect the term of this Agreement as between the Investment Manager and the SubsidiarySub-Manager. The termination of this Agreement by the Sub-Manager, or by the Manager with respect to the Sub-Manager, shall not affect the term of this Agreement as between the Manager and the Sub-Adviser. The termination of the Sub-Manager with respect to any appointment made pursuant to Section 2 shall constitute the termination of the entire Agreement with respect to the Sub-Manager, except as agreed between the Manager and the Sub-Manager. (eb) In the event that, in connection with a termination, a successor or successors to any of the Sub-Manager’s duties or responsibilities of the Investment Manager hereunder is/are is designated by the Fund by written notice to the Investment Sub-Manager, upon such termination the Investment Sub-Manager shall promptly, and at the expense of the Fund with respect to which this Agreement is terminated, will promptly transfer to each such successor all relevant books, records, correspondence, and other data established or maintained by the Investment Sub-Manager under this Agreement in a form reasonably acceptable to Manager and shall the applicable Funds, and will cooperate in the transfer of such duties and responsibilities, including provision for assistance from Sub-Manager’s personnel in the establishment of books, records, and other data by such successor. If no such successor is designated, then such books, records and other data shall be returned to the applicable Fund. Notwithstanding the foregoing, the Sub-Manager may retain copies of any such records that are required by law or regulation to be retained. (fc) At In the event that, in connection with termination, a successor to any of Sub-Adviser’s duties or responsibilities hereunder is designated by written notice to Sub-Adviser, Sub-Adviser will promptly transfer to such time as successor all relevant books, records, correspondence, and other data established or maintained by Sub-Adviser under this Agreement or any extensionin a form reasonably acceptable to Manager and the applicable Funds, renewal or amendment hereofand will cooperate in the transfer of such duties and responsibilities, or any similar agreement with any organization which including provision for assistance from Sub-Adviser’s personnel in the establishment of books, records, and other data by such successor. If no such successor is designated, then such books, records and other data shall have succeeded be returned to the business of applicable Fund. Notwithstanding the Investment Manager, shall no longer be in effectforegoing, the Fund will cease to use any name derived from the name of the Investment Manager or Sub-Adviser may retain copies of any organization which shall have succeeded such records that are required by law or regulation to the Investment Manager’s business as investment adviserbe retained.

Renewal and Termination. (a) This Agreement shall become effective on and as of the date on which any Fund is first offered for sale and shall continue through the period ending two years from such date. For any new Fund added to Schedule 1, this Agreement shall become effective on the date such Fund is first offered for sale and shall continue in effect for such Fund through the period ending two years from such date. Thereafter, this Agreement shall continue in effect for successive annual periods only so long as its continuance has been specifically approved at least annually by the date of its execution, and from year to year thereafter, unless and until terminated by either party as hereinafter provided. (b) Board in the manner required under the 1940 Act. This Agreement (a) may be terminated by either the Fund or the Investment Manager at any time by giving the other party 60 days’ written notice of such intention to terminate, provided that any termination shall be made terminated without the payment of any penalty, and provided further that termination may be effected penalty either by the Board or by a vote of the Board or, as to any Fund, by vote of a majority of the outstanding voting securities of the Fund. , on 60 days’ prior written notice to the Sub-Manager; (cb) This Agreement shall immediately terminate (i) in the event of its assignment, (ii) if the term “assignment” for Manager is no longer providing investment advisory and administrative services to the Trust, or (iii) upon written notice by a party to the other party that the other party is in material breach of this purpose having the same meaning as set forth in the 1940 ActAgreement, unless the SEC issues an order exempting party in material breach of this Agreement cures such assignment from breach to the provisions reasonable satisfaction of the 1940 Act requiring such termination, in which case this Agreement shall remain in full force and effect, subject party alleging the breach within thirty (30) days after written notice; (c) may be terminated by the Manager on 90 days’ written notice to the terms of such orderSub- Manager; and (d) may be terminated by the Sub-Manager on 90 days’ written notice to the Manager. This Agreement shall terminate in the event the Investment Manager ceases to be the investment adviser The termination of the Parent FundSub-Manager with respect to any appointment made pursuant to Section 1 shall constitute the termination of the entire Agreement, except as agreed between the parties. (d) Except as prohibited by applicable law, this Agreement may be amended with respect to the Fund upon written agreement of the Investment Manager and the Subsidiary. (eb) In the event that, in connection with a termination, a successor or successors to any of the Sub- Manager’s duties or responsibilities of the Investment Manager hereunder is/are is designated by the Fund by written notice to the Investment Sub- Manager, upon such termination the Investment Sub-Manager shall promptly, and at the expense of the Fund with respect to which this Agreement is terminated, will promptly transfer to each such successor all relevant books, records, correspondence, and other data established or maintained by the Investment Sub-Manager under this Agreement in a form reasonably acceptable to Manager and shall the applicable Funds, and will cooperate in the transfer of such duties and responsibilities. (f) At , including provision for assistance from Sub-Manager’s personnel in the establishment of books, records, and other data by such time as this Agreement or any extensionsuccessor. If no such successor is designated, renewal or amendment hereofthen such books, or any similar agreement with any organization which records and other data shall have succeeded be returned to the business of applicable Fund. Notwithstanding the Investment Manager, shall no longer be in effectforegoing, the Fund will cease to use any name derived from the name of the Investment Sub-Manager or may retain copies of any organization which shall have succeeded such records that are required by law or regulation to the Investment Manager’s business as investment adviserbe retained.