Common use of TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT Clause in Contracts

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be effective as to the Fund at the time the Fund commences operations pursuant to an effective amendment to the Trust’s registration statement under the Securities Act of 1933, as amended, and shall remain in effect for an initial term of two (2) years thereafter, unless sooner terminated as hereinafter provided. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year so long as such continuation is approved for the Fund at least annually by (i) the Board of Trustees or by the vote of a majority of the outstanding voting securities of the Fund and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be effective go into effect with respect to a Fund as to of the Fund at latter of (1) the time date provided above, or (2) the Fund commences operations pursuant to an effective amendment to date that it is approved by (A) the Board, including a majority of the Trustees of the Trust’s registration statement under , who are not parties to this Agreement nor interested persons thereof (the Securities Act “Independent Trustees”), cast in person at a meeting called for the purpose of 1933, as amendedvoting on such approval, and (B) the vote of a majority of the outstanding voting securities of such Fund cast at a meeting called for the purpose of voting on this Agreement. This Agreement shall remain in effect for an initial term two years from the date of two (2) years thereaftereffectiveness, unless sooner terminated as hereinafter provided. This Following the initial term, this Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year so long as such continuation is approved for the Fund at least annually by (i) the Board Board, including a majority of Trustees or the Independent Trustees, at an in-person meeting called for the purpose of voting on such approval, and, to the extent required by the 1940 Act, by the vote of a majority of the outstanding voting securities of a Fund. For purposes of this Agreement, the Fund and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.;

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be become effective as with respect to the a Fund at the time the Fund commences operations pursuant to an effective Registration Statement, or amendment to the Trust’s registration statement thereto, under the Securities Act of 1933, as amended, and shall remain after approval by a majority of the Trust’s Trustees who are not interested persons (as defined in effect for an initial term the 1940 Act) and, if required, by applicable law, by a vote of two (2) years thereaftera majority of the outstanding voting securities of a Fund. The Agreement shall, unless sooner terminated as hereinafter provided, continue in effect for a period of two years from the date of effectiveness with respect to a Fund. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year so long as such continuation is approved for the a Fund at least annually by (i) the Board of Trustees or by the vote of a majority of the outstanding voting securities of the Fund and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be become effective as with respect to a Fund immediately upon the Fund at commencement of the time Adviser’s management of the Fund commences operations pursuant to an effective amendment to Fund, after the latter of approval by a majority of the Trust’s registration statement under Trustees who are not interested persons (as defined in the Securities Act 0000 Xxx) and, if required by applicable law, by a vote of 1933a majority of the outstanding voting securities of a Fund. The Agreement shall, unless terminated as amendedhereinafter provided, and shall remain continue in effect for an initial term a period of two (2) years thereafter, unless sooner terminated as hereinafter providedfrom the date of effectiveness with respect to a Fund. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l1) year so long as such continuation is approved for the a Fund at least annually by (i) the Board of Trustees or by the vote of a majority of the outstanding voting securities of the Fund and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be become effective as to the Fund at the time Allocated Portion of the Fund commences operations pursuant to an effective amendment to upon its approval by the Trust’s registration statement under Board of Trustees of the Securities Act of 1933Trust and its execution by the parties hereto. Unless sooner terminated, as amended, and this Agreement shall remain in effect continue for an initial term period of no more than two (2) years thereafterfrom the effective date, unless sooner terminated as hereinafter provided. This Agreement and thereafter shall continue in effect thereafter for successive additional periods not exceeding one (l) year so long as such continuation is approved for the Allocated Portion of the Fund at least annually by (i) the Board of Trustees of the Trust or by the vote of a majority of the outstanding voting securities of the Fund and (ii) the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.;

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be effective go into effect as to the each Fund at the time the Fund commences operations pursuant to an effective amendment to the Trust’s registration statement Registration Statement under the Securities Act of 1933, as amended, and shall remain in effect for an initial term of two (2) years thereafter, from the date thereof unless sooner terminated as hereinafter provided. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year so long as such continuation is approved for the Fund Funds at least annually by (i) the Board of Trustees or by the vote of a majority of the outstanding voting securities of the a Fund and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.;

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be effective go into effect as to the Fund at on the time the Fund commences operations pursuant to an effective amendment to the Trust’s registration statement under the Securities Act of 1933, as amended, date set forth above and shall remain in effect for an initial term of two (2) years thereaftershall, unless sooner terminated as hereinafter provided, continue in effect for a period of two years from the later of the date of approval by (i) the Board of the Trust (including the vote of a majority of the Trustees of the Trust who are not interested persons of the Fund), cast in person at a meeting called for the purpose of voting on such approval or, (ii) if conducted, by the vote of a majority of the outstanding voting securities of the Fund. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year so long as such continuation is approved for the Fund at least annually by (i) the Board of Trustees or by the vote of a majority of the outstanding voting securities of the Fund and Trust (ii) including the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereofof the Fund), cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approvalapproval or, (ii) if conducted, by the vote of a majority of the outstanding voting securities of the Fund. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.; and

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be effective go into effect as to the Fund at the time the Fund commences operations pursuant to an effective amendment to the Trust’s registration statement Registration Statement under the Securities Act of 1933, as amended, and shall remain in effect for an initial term of two (2) years thereafterfrom the date herein, unless sooner terminated as hereinafter provided. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year so long as such continuation is approved for the Fund at least annually by (i) the Board of Trustees or by the vote of a majority of the outstanding voting securities of the Fund and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.;

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be effective go into effect as to the each Fund at the time the Fund commences operations pursuant to an effective amendment to the Trust’s registration statement 's Registration Statement under the Securities Act of 1933, as amended, and shall remain in effect for an initial term of two (2) years thereafter, from the date thereof unless sooner terminated as hereinafter provided. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year so long as such continuation is approved for the Fund Funds at least annually by (i) the Board of Trustees or by the vote of a majority of the outstanding voting securities of the Fund Funds and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “"majority of the outstanding voting securities” " and “"interested persons” " shall have the meanings as set forth in the 1940 Act.;

TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT. (a) This Agreement shall be effective as to the Fund at the time the Fund commences operations pursuant to an effective amendment to the Trust’s registration statement under the Securities Act of 1933, as amended, and shall remain in effect for an initial term of two (2) years thereafter, unless sooner terminated as hereinafter provided. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year per period so long as such continuation is approved for the Fund at least annually by (i) the Board of Trustees or by the vote of a majority of the outstanding voting securities of the Fund and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person (or in another manner permitted by the 1940 Act or pursuant to exemptive relief therefrom) at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act.