Common use of Renewal, Termination and Amendment Clause in Contracts

Renewal, Termination and Amendment. This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, until September 30, 2009 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance is specifically approved at least annually by vote of the holders of a majority of the outstanding voting securities of the Fund or by vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such party, cast in accordance with the provisions of the 1940 Act. This Agreement may be terminated at any time without payment of any penalty, by the Trust's Board of Trustees, or by a vote of a majority of the outstanding voting securities of the Fund upon 60 days prior written notice to the Sub-adviser or by the Sub-adviser upon 90 days prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately upon termination of the Management Agreement between the Adviser and the Trust. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "assignment" and vote of a majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Sub-adviser and the Adviser, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's outstanding voting securities.

Renewal, Termination and Amendment. This Agreement shall continue in effecteffect with respect to each Fund, unless sooner terminated with respect to a Fund as hereinafter provided, until September 30, 2009 2007 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance is specifically approved at least annually by the Trustees of the Trust or a vote of the holders of a majority of the outstanding voting securities of the Fund or in question and by vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such partyparty or the Fund, cast in accordance with the provisions of the 1940 Act. This Agreement may be terminated with respect to a Fund at any time without payment of any penalty, by the Adviser, the Trust's ’s Board of Trustees, or by a vote of a majority of the outstanding voting securities of the Fund upon 60 days prior written notice to the Sub-adviser or by the Sub-adviser upon 90 days prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately with respect to a Fund upon termination of the Investment Advisory and Management Agreement between the Adviser and the TrustTrust with respect to that Fund. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "“assignment" ” and “vote of a majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Sub-adviser and the Adviser, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's outstanding voting securities.

Renewal, Termination and Amendment. This Agreement shall continue in effecteffect with respect to each Fund, unless sooner terminated with respect to a Fund as hereinafter provided, until September 30, 2009 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance is specifically approved at least annually by the Trustees of the Trust or a vote of the holders of a majority of the outstanding voting securities of the Fund or in question and by vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such partyparty or the Fund, cast in accordance with the provisions of the 1940 Act. This Agreement may be terminated with respect to a Fund at any time without payment of any penalty, by the Adviser, the Trust's Board of Trustees, or by a vote of a majority of the outstanding voting securities of the Fund upon 60 days prior written notice to the Sub-adviser or by the Sub-adviser Subadviser upon 90 days prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately upon termination of the Investment Advisory and Management Agreement between the Adviser and the Trust. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "assignment" and "vote of a majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Sub-adviser and the Adviser, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's outstanding voting securities.

Renewal, Termination and Amendment. This Agreement shall continue in effecteffect with respect to each Fund, unless sooner terminated as hereinafter providedprovided for two years from the effective date as to that Fund, until September 30, 2009 and shall continue in full force and effect for successive periods of indefinitely thereafter if its continuance after such one year thereafter, but only so long as each such continuance is period shall be specifically approved at least annually by vote of the holders of a majority of the outstanding voting securities of the Fund or by vote of a majority of the Trust's Board of Trustees; and further provided that such continuance is also approved annually by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such partythe Advisor, cast in accordance with person at a meeting called for the provisions purpose of the 1940 Actvoting on such approval. This Agreement may be terminated at any time with respect to a Fund, without payment of any penalty, by the Trust's Board of Trustees, Trustees or by a vote of a the majority of the outstanding voting securities of the Fund upon 60 days days' prior written notice to the Sub-adviser or Advisor and by the Sub-adviser Advisor upon 90 days 60 days' prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately upon termination of the Management Agreement between the Adviser and the Trust. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "assignment" and vote of a majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended with respect to a Fund at any time by the Sub-adviser and the Adviserparties, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment. The terms "assignment", "interested person", and "vote of a majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, until September 30, 2009 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance is specifically approved at least annually by vote become effective immediately upon termination of the holders of a majority of the outstanding voting securities of the Fund or by vote of a majority of the Trustees who are not parties to Interim Sub-Advisory Agreement date October 20, 2008. Unless sooner terminated, this Agreement or interested persons of any such party, cast in accordance with shall terminate on the provisions of 150th day following the 1940 Actdate on which the Previous Sub-Advisory Agreement terminates. This Agreement may be terminated at any time without payment of any penalty, by the Trust's ’s Board of Trustees, or by a vote of a majority of the outstanding voting securities of the Fund upon 60 days ten days’ prior written notice to the Sub-adviser or adviser, by the Adviser upon sixty days' prior written notice to the Sub-adviser, by the Sub-adviser upon 90 days ninety days’ prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately upon termination of the Management Agreement between the Adviser and the Trust. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "“assignment" ” and “vote of a majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Sub-adviser and the Adviser, subject to approval by the Trust's ’s Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's ’s outstanding voting securities.

Renewal, Termination and Amendment. This Agreement shall continue in effecteffect with respect to each Fund, unless sooner terminated with respect to a Fund as hereinafter provided, until September 30, 2009 2007 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance is specifically approved at least annually by the Trustees of the Trust or a vote of the holders of a majority of the outstanding voting securities of the Fund or in question and by vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such partypartyor the Fund, cast in accordance with the provisions of the 1940 Act. This Agreement may be terminated with respect to a Fund at any time without payment of any penalty, by the Adviser, the Trust's ’s Board of Trustees, or by a vote of a majority of the outstanding voting securities of the Fund upon 60 days prior written notice to the Sub-adviser or by the Sub-adviser upon 90 days prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately upon termination of the Investment Advisory and Management Agreement between the Adviser and the Trust. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "“assignment" ” and “vote of a majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Sub-adviser and the Adviser, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's outstanding voting securities.

Renewal, Termination and Amendment. This Agreement shall continue in effecteffect with respect to each Fund, unless sooner terminated with respect to a Fund as hereinafter provided, until September 30, 2009 2007 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance is specifically approved at least annually by the Trustees of the Trust or a vote of the holders of a majority of the outstanding voting securities of the Fund or in question and by vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such partypartyor the Fund, cast in accordance with the provisions of the 1940 Act. This Agreement may be terminated with respect to a Fund at any time without payment of any penalty, by the Adviser, the Trust's ’s Board of Trustees, or by a vote of a majority of the outstanding voting securities of the Fund upon 60 days prior written notice to the Sub-adviser or by the Sub-adviser upon 90 days prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately with respect to a Fund upon termination of the Investment Advisory and Management Agreement between the Adviser and the TrustTrust with respect to that Fund. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "“assignment" ” and “vote of a majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Sub-adviser and the Adviser, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's outstanding voting securities.

Renewal, Termination and Amendment. This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, until September 30, 2009 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance is specifically approved at least annually by vote become effective immediately upon termination of the holders of a majority of the outstanding voting securities of the Fund or by vote of a majority of the Trustees who are not parties to Previous Sub-Advisory Agreement. Unless sooner terminated, this Agreement or interested persons of any such party, cast in accordance with shall terminate on the provisions of 150th day following the 1940 Actdate on which the Previous Sub-Advisory Agreement terminates. This Agreement may be terminated at any time without payment of any penalty, by the Trust's ’s Board of Trustees, or by a vote of a majority of the outstanding voting securities of the Fund upon 60 days ten days’ prior written notice to the Sub-adviser or adviser, by the Adviser upon sixty days' prior written notice to the Sub-adviser, by the Sub-adviser upon 90 days ninety days’ prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately upon termination of the Management Agreement between the Adviser and the Trust. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "“assignment" ” and “vote of a majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Sub-adviser and the Adviser, subject to approval by the Trust's ’s Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's ’s outstanding voting securities.

Renewal, Termination and Amendment. This Agreement shall continue in effecteffect with respect to each Fund, unless sooner terminated with respect to a Fund as hereinafter provided, until September 30, 2009 2007 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance is specifically approved at least annually by the Trustees of the Trust or a vote of the holders of a majority of the outstanding voting securities of the Fund or in question and by vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such partypartyor the Fund, cast in accordance with the provisions of the 1940 Act. This Agreement may be terminated with respect to a Fund at any time without payment of any penalty, by the Adviser, the Trust's ’s Board of Trustees, or by a vote of a majority of the outstanding voting securities of the Fund upon 60 days prior written notice to the Sub-adviser or by the Sub-adviser upon 90 days prior written notice to the Adviser, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately with respect to a Fund upon termination of the Investment Advisory and Management Agreement between the Adviser and the TrustTrust with respect to that Fund. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "“assignment" ” and “vote of a majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Sub-adviser and the Adviser, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules and regulations, a vote of a majority of the Fund's outstanding voting securities.