Subject to Sections 1. 2.2 through 1.2.5, in the event of any conflict among the Contract Documents, the order of precedence shall be as set forth below:
Subject to Sections 1. 2.3 and 1.2.4, in the event of any irreconcilable conflict, ambiguity or inconsistency among the PPA Documents, the order of precedence, from highest to lowest, shall be as follows:
Subject to Sections 1. 2.2 through 1.2.5, in the event of any conflict among the CDA Documents, the order of precedence shall be as set forth below:
Subject to Sections 1. 2.3 through 1.2.5, in the event of any conflict among the CMA Documents, the order of precedence shall be as set forth below:
Subject to Sections 1. 1 - 1.3 above, the Custodian is hereby authorized to place and maintain foreign Property on behalf of the Fund with Eligible Foreign Custodians pursuant to a written contract deemed appropriate by the Custodian.
Subject to Sections 1. 1 - 1.3 above, the Custodian is hereby authorized to place and maintain Foreign Assets on behalf of Penn Series with Eligible Foreign Custodians pursuant to a written contract deemed appropriate by the Custodian.
Subject to Sections 1. 2 and 1.3, the term of this Agreement shall commence on the date of this Agreement, and shall terminate on September 30, 2006, provided that this Agreement shall automatically be renewed for one (1) additional year at the end of the original or any extended term, unless either party gives written notice of termination to the other party at least twelve (12) months prior to the expiration of the original or extended term. Notwithstanding the above, however, immediately following the end of the third year of the term of this Agreement, the parties shall negotiate in good faith for the purpose of extending the initial term of this Agreement to ten (10) years.
Subject to Sections 1. 2.3 through 1.2.5, in the event of any conflict among the COMA Documents, the order of precedence shall be as set forth below:
