Common use of Term and Continuation Clause in Contracts

Term and Continuation. This Agreement shall be effective on the date provided on Exhibit A (the “Effective Date”) for each respective Fund. This Agreement shall continue in effect for each respective Fund until the end of such Fund’s Recovery Period unless the Agreement is continued for additional periods as agreed to by the parties. This Agreement may be terminated by the Trust on behalf of a Fund at any time and by Destra Advisors after the expiration of the Expense Cap Term of a particular Fund upon sixty (60) days’ written notice to the other party.

Appears in 2 contracts

Sources: Expense Reimbursement, Fee Waiver and Recovery Agreement (Destra Investment Trust II), Expense Reimbursement, Fee Waiver and Recovery Agreement (Destra Investment Trust)

Term and Continuation. This Agreement shall be effective on the date provided on Exhibit A (the "Effective Date") for each respective Fund. This Agreement shall continue in effect for each respective Fund until the end of such Fund’s 's Recovery Period unless the Agreement is continued for additional periods as agreed to by the parties. This Agreement may be terminated by the Trust on behalf of a Fund at any time and by Destra Advisors FTA after the expiration of the Expense Cap Term of a particular Fund upon sixty (60) days' written notice to the other party.

Appears in 2 contracts

Sources: Expense Reimbursement, Fee Waiver and Recovery Agreement (First Trust Exchange-Traded Fund), Expense Reimbursement, Fee Waiver and Recovery Agreement (First Trust Exchange-Traded Fund Ii)

Term and Continuation. This Agreement shall be effective on the date provided on Exhibit A (the “Effective Date”) for each respective Fund. This Agreement shall continue in effect for each respective Fund until the end of such Fund’s Recovery Period unless the Agreement is continued for additional periods as agreed to by the parties. This Agreement may be terminated by the Trust on behalf of a Fund at any time and by Destra Advisors after the expiration of the Expense Cap Term of a particular Fund upon sixty (60) days’ written notice to the other party. Moreover, the Board of Trustees may waive the Expense Cap with respect to any Fund at any time.

Appears in 2 contracts

Sources: Expense Reimbursement, Fee Waiver and Recovery Agreement (Destra Investment Trust II), Expense Reimbursement, Fee Waiver and Recovery Agreement (Destra Investment Trust)

Term and Continuation. This Agreement shall be effective on the date provided on Exhibit A (the "Effective Date") for each respective Fund. This Agreement shall continue in effect for each respective Fund until the end of such Fund’s 's Recovery Period unless the Agreement is continued for additional periods as agreed to by the parties. This Agreement may be terminated by the Trust on behalf of a Fund at any time and by Destra Advisors First Trust after the expiration of the Expense Cap Term of a particular Fund upon sixty (60) days' written notice to the other party.

Appears in 2 contracts

Sources: Expense Reimbursement, Fee Waiver and Recovery Agreement (First Trust Series Fund), Expense Reimbursement, Fee Waiver and Recovery Agreement (First Trust Series Fund)

Term and Continuation. This Agreement shall be effective on the date provided on Exhibit A (the “Effective Date”) for each respective Fund. This Agreement shall continue in effect for each respective Fund until the end of such Fund’s Recovery Period unless the Agreement is continued for additional periods as agreed to by the parties. This Agreement may be terminated by the Trust on behalf of a Fund at any time and by Destra Advisors First Trust after the expiration of the Expense Cap Term of a particular Fund upon sixty (60) days’ written notice to the other party.

Appears in 1 contract

Sources: Expense Reimbursement, Fee Waiver and Recovery Agreement (First Trust Series Fund)