Common use of Continuance and Termination Clause in Contracts

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. Any such renewal shall be approved by the vote of a majority of the Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager upon 60 days written notice to the Sub-Adviser or by the Sub-Adviser upon 90 days written notice to the Investment Manager, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof, or (iii) upon the filing of bankruptcy proceedings by the Sub-Adviser or the filing of any receivorship proceedings against the Sub-Adviser.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Trustees Directors or by vote of a majority of the outstanding voting securities of the PortfolioFund. Any such renewal shall be approved by the vote of a majority of the Trustees Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager upon 60 days written notice to the Sub-Adviser or by the Sub-Adviser upon 90 days written notice to the Investment Manager, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof, or (iii) upon the filing of bankruptcy proceedings by the Sub-Adviser or the filing of any receivorship proceedings against the Sub-Adviser.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. Any such renewal shall be approved by the vote of a majority of the Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager upon 60 days written notice to Manager, the Sub-Adviser or by the Sub-Sub-Adviser upon 90 60 days written notice to the Investment Managernotice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement or Sub-Advisory Agreement, provided the Sub-Sub-Adviser has received prior written notice thereof, or (iii) upon the filing of bankruptcy proceedings by the Sub-Adviser or the filing of any receivorship proceedings against the Sub-Adviser.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Trustees Directors or by vote of a majority of the outstanding voting securities of the PortfolioFund. Any such renewal shall be approved by the vote of a majority of the Trustees Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager upon 60 days written notice to the Sub-Adviser or by the Sub-Adviser upon 90 days written notice to the Investment Manager, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof, or (iii) upon the filing of bankruptcy proceedings by the Sub-Adviser or the filing of any receivorship proceedings against the Sub-Adviser.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the ----------------------------- date ----------------------------- hereof, and is renewable annually thereafter by specific approval of the Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. Any such renewal shall be approved by the vote of a majority of the Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager upon 60 days written notice to the Sub-Adviser or by the Sub-Adviser upon 90 days written notice to the Investment Manager, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof, or (iii) upon the filing of bankruptcy proceedings by the Sub-Adviser or the filing of any receivorship proceedings against the Sub-Adviser.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and is ---------------------------- renewable annually thereafter by specific approval of the Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. Any such renewal shall be approved by the vote of a majority of the Trustees who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager upon 60 days written notice to the Sub-Adviser or by the Sub-Adviser upon 90 days written notice to the Investment Manager, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof, or (iii) upon the filing of bankruptcy proceedings by the Sub-Adviser or the filing of any receivorship proceedings against the Sub-Adviser.

Continuance and Termination. This Agreement shall remain in full force and effect for one year from the date ----------------------------- hereof, and ---------------------------- is renewable annually thereafter by specific approval of the Trustees Directors or by vote of a majority of the outstanding voting securities of the PortfolioFund. Any such renewal shall be approved by the vote of a majority of the Trustees Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager upon 60 days written notice to the Sub-Adviser or by the Sub-Adviser upon 90 days written notice to the Investment Manager, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof, or (iii) upon the filing of bankruptcy proceedings by the Sub-Adviser or the filing of any receivorship receivership proceedings against the Sub-Adviser.