Common use of Term and Continuation Clause in Contracts

Term and Continuation. This Agreement shall be effective on the date from the date the Trust and Destra enter into this Agreement (the “Effective Date”). Unless terminated by the Trust, this Agreement will have a term ending ten (10) years from the date that the Fund and Destra enter into this Agreement. This Agreement will automatically renew for consecutive twelve-month terms thereafter, and the Agreement may not be terminated by the Advisor other than as of the end of the current term and upon at least (30) days’ written notice. Moreover, the Board of Trustees may waive the Expense Cap with respect to any Fund at any time.

Appears in 6 contracts

Samples: Waiver and Recovery Agreement (Destra Investment Trust), Waiver and Recovery Agreement (Destra Investment Trust), Waiver and Recovery Agreement (Destra Investment Trust)

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Term and Continuation. This Agreement shall be effective on the date from the date the Trust and Destra DFC enter into this Agreement (the “Effective Date”). Unless terminated by the Trust, this Agreement will have a term ending ten (10) years from the date that the Fund and Destra DFC enter into this Agreement. This Agreement will automatically renew for consecutive twelve-month terms thereafter, and the Agreement may not be terminated by the Advisor other than as of the end of the current term and upon at least (30) days’ written notice. Moreover, the Board of Trustees may waive the Expense Cap with respect to any Fund at any time.

Appears in 3 contracts

Samples: Waiver and Recovery Agreement (Destra Investment Trust), Waiver and Recovery Agreement (Destra Investment Trust), Waiver and Recovery Agreement (Destra Investment Trust)

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