Common use of TWELFTH Clause in Contracts

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(I) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30February 28, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30February 28, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company or (ii) by the vote of a majority of the PortfoliosFunds' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company Trust or (ii) by the vote of a majority of the PortfoliosFunds' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees of the Trust who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 1999, for an initial period of two years and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the PortfoliosFunds' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇▇ ▇▇▇) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company Trust or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees of the Trust who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as at the close of business on the date hereof, shall continue in force and effect until June 30, 19991994, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company or (ii) by the vote of a majority of the PortfoliosFunds' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company Company, or (ii) by the vote of a majority of the Portfolios' Company's outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Investment Company Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇Investment Company Act) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30February 28, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company Company, or (ii) by the vote of a majority of the Portfolios' Company's outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Investment Company Act), and (b) by vote of a majority of the Company's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇Investment Company Act) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30March 31, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' Company's outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇▇ ▇▇▇) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective with respect to each Fund as of the date hereof, shall continue in force and effect until June 30July 26, 19992008, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved with respect to such Fund at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company Corporation or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees Corporation’s directors who are not parties to this Agreement or "“interested persons" ” (as defined in Section 2(a)(19) of the 1940 ▇▇▇▇ ▇▇▇) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇▇ ▇▇▇) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company Trust or (ii) by the vote of a majority of the PortfoliosFunds' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees of the Trust who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇▇ ▇▇▇) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective with respect to the Fund as of the date hereof, shall continue in force and effect until June 30, 1999, for a period of one year and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved with respect to such Fund at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company Corporation or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees Corporation’s directors who are not parties to this Agreement or "“interested persons" ” (as defined in Section 2(a)(19) of the 1940 ▇▇▇▇ ▇▇▇) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30February 28, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the PortfoliosFunds' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(I) by the Board of Trustees of the Company or (ii) by the vote of a majority of the PortfoliosFunds' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30February 28, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company Company, or (ii) by the vote of a majority of the Portfolios' Company's outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30March 31, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(I) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30February 28, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.. THIRTEENTH:

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' Company's outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇▇ ▇▇▇) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as at the close of business on the date hereof, shall continue in force and effect until June 30, 19991996, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' Company's outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30March 31, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(I) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇Act) ▇▇ of any party to this Agreement cast in person at a meeting called meeti▇▇ ▇▇▇▇▇d for such purpose.. THIRTEENTH:

TWELFTH. This Agreement shall become effective as at the close of business on the date hereof, shall continue in force and effect until June 30, 19991994, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company Company, or (ii) by the vote of a majority of the Portfolios' Company's outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Investment Company Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇Investment Company Act) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective with respect to each Fund as of the date hereof, shall continue in force and effect until June 30December 28, 19992005, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved with respect to such Fund at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company Corporation or (ii) by the vote of a majority of the Portfolios' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the CompanyCorporation's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇▇ ▇▇▇) ▇▇ of any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30March 31, 19992001, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees of the Company or (ii) by the vote of a majority of the Portfolios' Company's outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.

TWELFTH. This Agreement shall become effective as of the date hereof, shall continue in force and effect until June 30, 1999, and shall continue in force and effect from year to year thereafter, provided, that such continuance is specifically approved at least annually (a)(Ia)(i) by the Board of Trustees Directors of the Company or (ii) by the vote of a majority of the PortfoliosFunds' outstanding voting securities (as defined in Section 2(a)(42) of the 1940 Act), and (b) by vote of a majority of the Company's trustees directors who are not parties to this Agreement or "interested persons" (as defined in Section 2(a)(19) of the 1940 ▇▇▇) ▇▇ any party to this Agreement cast in person at a meeting called for such purpose.