Common use of Term/Approval/Amendments Clause in Contracts

Term/Approval/Amendments. 15.1. This Agreement shall become effective with respect to a Fund as of the date of commencement of operations of the Fund if approved by (i) the Board, including a majority of the Trustees who are not parties to this Agreement or interested persons of such party (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom); and (ii) the vote of a majority of the outstanding voting securities of a Fund (to the extent required under the 1940 Act). It shall continue in effect with respect to the Fund for an initial period of two years thereafter, and may be renewed annually thereafter only so long as such renewal and continuance is specifically approved as required by the 1940 Act (currently, at least annually by the Board or by vote of a majority of the outstanding voting securities of a Fund and only if the terms and the renewal hereof have been approved by the vote of a majority of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom).

Term/Approval/Amendments. 15.1. This Agreement shall become effective with respect to a Fund as of the date of commencement of operations of the Fund if approved by approved: (i) by a vote of the Board, including a majority of those trustees of the Trustees Trust who are not parties “interested persons” (as defined in the 1940 Act) of any party to this Agreement or interested persons of such party (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom); , and (ii) the by vote of a majority of the Fund’s outstanding voting securities of a Fund (to the extent required under the 1940 Act). It This Agreement shall continue in effect with respect to the a Fund for an initial period of two years thereafter, and may be renewed annually thereafter only so long as such renewal and continuance is specifically approved as required by the 1940 Act (currently, at least annually by the Board or by vote of a majority of the outstanding voting securities of a Fund provided that in such event such renewal and only if the terms and the renewal hereof have been continuance shall also be approved by the vote of a majority of the Independent Trustees, Trustees cast in person at a meeting called for the purpose of voting on such approval, approval (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom).

Term/Approval/Amendments. 15.1. This Agreement shall become effective with respect to a Fund Fund, as of the date of commencement of operations of set forth on the Fund Schedule A attached hereto, if approved by approved: (i) by a vote of the Board, including a majority of those trustees of the Trustees Trust who are not parties “interested persons” (as defined in the 1940 Act) of any party to this Agreement or interested persons of such party (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom); , and (ii) the by vote of a majority of the Fund’s outstanding voting securities of a Fund (to the extent required under the 1940 Act). It This Agreement shall continue in effect with respect to the a Fund for an initial period of two (2) years thereafter, and may be renewed annually thereafter only so long as such renewal and continuance is specifically approved as required by the 1940 Act (currently, at least annually by the Board or by vote of a majority of the outstanding voting securities of a Fund Board; provided that in such event such renewal and only if the terms and the renewal hereof have been continuance shall also be approved by the vote of a majority of the Independent Trustees, Trustees cast in person at a meeting called for the purpose of voting on such approval, approval (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom).

Term/Approval/Amendments. 15.1. This Agreement shall become effective with respect to a Fund as of the date of commencement of operations of the Fund if approved by (i) the Board, including a majority of the Trustees who are not parties to this Agreement or “interested persons persons” (as defined in the 1940 Act) of such party (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval (or in another manner permitted by the 1940 Act Act, or pursuant to rules, interpretations or exemptive relief therefromthereunder); and (ii) the vote of a majority of the outstanding voting securities of a Fund (to the extent required under the 1940 Act). It shall continue in effect with respect to the Fund for an initial period of two years thereafter, and may be renewed annually thereafter only so long as such renewal and continuance is specifically approved as required by the 1940 Act (currently, at least annually by the Board or by vote of a majority of the outstanding voting securities of a Fund and only if the terms and the renewal hereof have been approved by the vote of a majority of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, or in another manner permitted by the 1940 Act Act, or pursuant to rules, interpretations or exemptive relief therefromthereunder).