Common use of TERM, MODIFICATION AND TERMINATION OF AGREEMENT Clause in Contracts

TERM, MODIFICATION AND TERMINATION OF AGREEMENT. This Agreement shall continue in effect until the expiration date set forth on Schedule A (the “Expiration Date”). Thereafter, unless otherwise terminated as provided herein, this Agreement shall be renewed automatically for successive one-year periods, subject to the approval and/or ratification by the Board of Trustees. The Trust’s Board of Trustees and the Adviser may terminate or modify this Agreement prior to the Expiration Date only by mutual written consent. This Agreement shall terminate automatically upon the termination of the Advisory Agreement or by one party providing advance notice to the other party of its intention not to renew the Agreement. The Trust to reimburse the Adviser with respect to the Fund shall survive the termination of this Agreement unless the Trust and the Adviser agree otherwise.