Common use of TERMINATION; NO ASSIGNMENT Clause in Contracts

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated without payment or penalty by the Trust on behalf of a Fund at any time, by the Board of Trustees or by vote of a majority of the outstanding voting securities of a Fund, upon sixty (60) days’ written notice to the Adviser, and without payment or penalty by the Adviser upon sixty (60) days’ written notice to a Fund. In the event of a termination, the Adviser shall cooperate in the orderly transfer of the Funds’ affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Funds maintained by the Adviser on behalf of the Funds. Notwithstanding the foregoing, the Adviser shall have the right to retain a copy of any such books and records for regulatory and compliance purposes. (b) This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated without payment or penalty by the Trust on behalf of a Fund at any timetime without payment of any penalty, by the Board of Trustees or by vote of a majority of the outstanding voting securities of a the Fund, upon sixty (60) days’ written notice to the Adviser, and without payment or penalty by the Adviser upon sixty (60) days’ written notice to a the Fund. In the event of a termination, the Adviser shall cooperate in the orderly transfer of the Funds’ Fund’s affairs and, at the request of the Board of Trustees, transfer transfer, at the Fund’s expense, any and all books and records of the Funds Fund maintained by the Adviser on behalf of the Funds. Notwithstanding the foregoing, the Adviser shall have the right to retain a copy of any such books and records for regulatory and compliance purposesFund. (b) This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated without payment or penalty by the Trust on behalf of a the Fund at any timetime without payment of any penalty, by the Board of Trustees or by vote of a majority of the outstanding voting securities of a the Fund, upon sixty (60) days’ written notice to the Adviser, and without payment or penalty by the Adviser upon sixty (60) days’ written notice to a the Fund. In the event of a termination, the Adviser shall cooperate in the orderly transfer of the Funds’ Fund’s affairs and, at the request of the Board of Trustees, transfer transfer, at the Fund’s expense, any and all books and records of the Funds Fund maintained by the Adviser on behalf of the Funds. Notwithstanding Fund; provided however that the foregoing, the Adviser shall have the right to retain a copy Advisor may maintain duplicate copies of any such books and records for regulatory and compliance purposesits files at its own expense. (b) This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated without payment or penalty by the Trust on behalf of a the Fund at any timetime without payment of any penalty, by the Board of Trustees or by vote of a majority of the outstanding voting securities of a the Fund, upon sixty (60) days’ written notice to the Adviser, and without payment or penalty by the Adviser upon sixty (60) days’ written notice to a the Fund. In the event of a termination, the Adviser shall cooperate in the orderly transfer of the Funds’ Fund’s affairs and, at the request of the Board of Trustees, transfer transfer, at the Fund’s expense, any and all books and records of the Funds Fund maintained by the Adviser on behalf of the Funds. Notwithstanding the foregoing, the Adviser shall have the right to retain a copy of any such books and records for regulatory and compliance purposesFund. (b) This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company 1940 Act.

TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated without payment or penalty by the Trust on behalf of a Fund the Funds at any timetime without payment of any penalty, by the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of a Fund, upon sixty (60) days’ written notice to the Adviser, and without payment or penalty by the Adviser upon sixty (60) days’ written notice to a Fundthe Funds. In the event of a termination, the Adviser shall cooperate in the orderly transfer of the Funds’ affairs and, at the request of the Board of Trustees, transfer any and all books and records of the Funds maintained by the Adviser on behalf of the Funds. Notwithstanding the foregoing, the Adviser shall have the right to retain a copy of any such books and records for regulatory and compliance purposes. (b) This Agreement cannot be assigned without the consent of the Board of Trustees. This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the Investment Company Act.