Common use of EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT Clause in Contracts

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. This Agreement shall be effective on April 1, 1994. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or by a vote of the majority of the outstanding voting securities of the Fund, and (b) by a majority of the directors who are not interested persons of Securities or of the Fund cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by the vote of the holders of a majority of the outstanding voting securities of the Fund, or by Securities, upon sixty (60) days written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. This The effective date of this Agreement shall be effective on April December 1, 19941997. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of the Fund Portfolio shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the FundCompany, or by a vote including the specific approval of the majority of the outstanding voting securities of the Fund, and (b) by a majority of the directors who are not interested persons of Securities Advisers or of the Fund Company cast in person at a meeting called for the purpose of voting on such approval, or by the vote of the holders of a majority of the outstanding voting securities of the Portfolio. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund Company or by the vote of the holders of a majority of the outstanding voting securities of the FundPortfolio, or by SecuritiesAdvisers, upon sixty (60) days written notice to the other party. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. This The effective date of this Agreement shall be effective on April 1January 31, 19941992. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or by the holders of a vote of the majority of the outstanding voting securities of the Fund, and (b) by a majority of the directors who are not interested persons of Securities Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund Fund, or by the vote of the holders of a majority of the outstanding voting securities of the Fund, or by SecuritiesAdvisers, upon sixty (60) days days' written notice to the other party. This Agreement shall automatically terminate in Any such termination may be made effective with respect to both the event of its assignment.investment

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. This The effective date of this Agreement shall be effective on April March 1, 19941991. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is lessthe lesser. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or by a the vote of the holders of a majority of the outstanding voting securities of the Fund, and (b) by a majority of the directors who are not interested persons of Securities the Underwriter or of the Fund cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by the vote of the holders of a majority of the outstanding voting securities of the Fund, or by Securitiesthe Underwriter, upon sixty (60) days 60 days' written notice to the other party. This Agreement shall automatically terminate in the event of its assignmentassignment (as defined by the provisions of the Investment Company Act of 1940, as amended).

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. This The effective date of this Agreement shall be effective on April 1January 31, 19941992. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or by the holders of a vote of the majority of the outstanding voting securities of the Fund, and (b) by a majority of the directors who are not interested persons of Securities Advisers or of the Fund cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by the vote of the holders of a majority of the outstanding voting securities of the Fund, or by SecuritiesAdvisers, upon sixty (60) days days' written notice to the other party. Any such termination may be made effective with respect to both the investment advisory and management services provided for in this Agreement or with respect to either of such kinds of services. This Agreement shall automatically terminate in the event of its assignment.

EFFECTIVE DATE, DURATION AND TERMINATION OF AGREEMENT. This Agreement shall be effective on April 1, 1994. Wherever referred to in this Agreement, the vote or approval of the holders of a majority of the outstanding voting securities of the Fund shall mean the vote of 67% or more of such securities if the holders of more than 50% of such securities are present in person or by proxy or the vote of more than 50% of such securities, whichever Whichever is less. Unless sooner terminated as hereinafter provided, this Agreement shall continue in effect only so long as such continuance is specifically approved at least annually (a) by the Board of Directors of the Fund, or by a vote of the majority of the outstanding voting securities of the Fund, and (b) by a majority of the directors who are not interested persons of Securities or of the Fund cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated at any time without the payment of any penalty by the vote of the Board of Directors of the Fund or by the vote of the holders of a majority of the outstanding voting securities of the Fund, or by Securities, upon sixty (60) days written notice to the other party. This Agreement shall automatically terminate in the event of its assignment.