Common use of Escrow of Fees Clause in Contracts

Escrow of Fees. During the period of time commencing on the effective date of the Agreement, and continuing until the earlier of: (a) such time as an investment sub-advisory agreement among the Adviser, Chicago Equity Partners Corporation, and Nations Reserves is approved by a majority of the outstanding voting securities of the Fund (the "New Investment Sub-Advisory Agreement"); or (b) the 150th day following the termination of the investment sub-advisory agreement dated May 21, 1999 among NationsBanc Advisors, Inc., Chicago Equity Partners Corporation and Nations Institutional Reserves (the "Prior Investment Sub-Advisory Agreement"), the fees payable to the Sub-Adviser under the Agreement shall be paid into an interest-bearing escrow account (the "Account") which shall be maintained by an escrow agent. Such escrow agent shall be the custodian to the Funds or another bank that shall not be an affiliated party (as defined in the 1940 Act) of any of txx xxxxxes hereto. All amounts paid into the Account (including interest earned on such moneys) may be paid to the Sub-Adviser only upon the approval, by a majority of the outstanding voting securities of the Fund (as defined in the 1940 Act), of the New Investment Sub-Advisory Agreement. In the event that the shareholders of the Fund fail to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, all moneys in the Account shall be paid to the Fund less any amounts to be paid to the Sub-Advisor which shall be the lesser of: (1) any costs incurred in performing the Agreement (plus interest earned on such amount); or (2) the total amount of moneys in the Account (plus interest earned). All parties hereto expressly acknowledge that the escrow agent may release the moneys in the Account only upon receipt of a certificate from an officer of the Trust (who shall not be an interested person of the Sub-Adviser (as defined in the 1940 Act) stating thax xxx xxneys are to be delivered to the Sub-Adviser and that the New Investment Sub-Advisory Agreement has been approved by a majority of the outstanding voting securities of the Fund (as defined in the 1940 Act) or, in the xxxxx xxat the shareholders of the Fund failed to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, that the moneys in the Account are to be delivered to the Fund.

Escrow of Fees. During the period of time commencing on the effective date of the Agreement, and continuing until the earlier of: (a) such time as an investment sub-advisory agreement among the Adviser, Chicago Equity Gartmore Global Partners Corporation, and Nations Reserves Annuity Trust is approved by a majority of the outstanding voting securities of the Fund Portfolio (the "New Investment Sub-Advisory Agreement"); or (b) the 150th day following the termination of the investment sub-advisory agreement dated May 21February 25, 1999 1998 among NationsBanc Advisors, Inc., Chicago Equity Gartmore Global Partners Corporation and Nations Institutional Reserves Annuity Trust (the "Prior Investment Sub-Advisory Agreement"), the fees payable to the Sub-Adviser under the Agreement shall be paid into an interest-bearing escrow account (the "Account") which shall be maintained by an escrow agent. Such escrow agent shall be the custodian to the Funds Portfolios or another bank that shall not be an affiliated party (as defined in the 1940 Act) of any of txx xxxxxes heretothe paxxxxx xxreto. All amounts paid into the Account (including interest earned on such moneys) may be paid to the Sub-Adviser only upon the approval, by a majority of the outstanding voting securities of the Fund Portfolio (as defined in the 1940 Act), of the New Investment Sub-Advisory Agreement. In the event that the shareholders of the Fund Portfolio fail to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, all moneys in the Account shall be paid to the Fund Portfolio less any amounts to be paid to the Sub-Advisor which shall be the lesser of: (1) any costs incurred in performing the Agreement (plus interest earned on such amount); or (2) the total amount of moneys in the Account (plus interest earned). All parties hereto expressly acknowledge that the escrow agent may release the moneys in the Account only upon receipt of a certificate from an officer of the Trust (who shall not be an interested person of the Sub-Adviser (as defined in the 1940 Act) stating thax xxx xxneys that the xxxxxx are to be delivered to the Sub-Adviser and that the New Investment Sub-Advisory Agreement has been approved by a majority of the outstanding voting securities of the Fund Portfolio (as defined in the 1940 Act) or, in the xxxxx xxat the event xxxx xxe shareholders of the Fund Portfolio failed to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, that the moneys in the Account are to be delivered to the FundPortfolio.

Escrow of Fees. During the period of time commencing on the effective date of the Agreement, and continuing until the earlier of: (a) such time as an investment sub-advisory agreement among the Adviser, Chicago Equity Partners Corporation, the Sub-Adviser and Nations Reserves the Trust is approved by a majority of the outstanding voting securities of the applicable Fund (the "New Investment Sub-Advisory Agreement"); or (b) the 150th day day, or such other time that is granted by the Securities and Exchange Commission, following the termination of the investment sub-advisory agreement dated May 21March 1, 1999 2001 among NationsBanc AdvisorsXxxxx Fargo Funds Trust, Inc.Xxxxx Fargo Funds Management, Chicago Equity Partners Corporation LLC and Nations Institutional Reserves Dresdner RCM Global Investors LLC (the "Prior Investment Sub-Advisory Agreement"), the fees payable to the Sub-Adviser under the Agreement shall be paid into an interest-interest- bearing escrow account (the "Account") which shall be maintained by an escrow agent. Such escrow agent shall be the custodian to the Funds or another bank that shall not be an affiliated party (as defined in the 1940 Act) of any of txx xxxxxes the parties hereto. All amounts paid into the Account (including interest earned on such moneys) may be paid to the Sub-Adviser only upon the approval, by a majority of the outstanding voting securities of the Fund Funds (as defined in the 1940 Act), of the New Investment Sub-Advisory Agreement. In the event that the shareholders interestholders of the a Fund fail to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, all moneys in the Account shall be paid to the Fund less any amounts to be paid to the Sub-Advisor Adviser which shall be the lesser of: (1) any costs incurred in performing the Agreement (plus interest earned on such amount); or (2) the total amount of moneys in the Account (plus interest earned). All parties hereto expressly acknowledge that the escrow agent may release the moneys in the Account only upon receipt of a certificate from an officer of the Trust (who shall not be an interested person of the Sub-Adviser (as defined in the 1940 Act) stating thax xxx xxneys that the moneys are to be delivered to the Sub-Adviser and that the New Investment Sub-Advisory Agreement has been approved by a majority of the outstanding voting securities of the each respective Fund (as defined in the 1940 Act) or, in the xxxxx xxat event that the shareholders of the a Fund failed to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, that the moneys in the Account are to be delivered to the Fund.

Escrow of Fees. During the period of time commencing on the effective date of the Agreement, and continuing until the earlier of: (a) such time as an investment sub-advisory agreement among the Adviser, Chicago Equity Partners Corporation, the Sub-Adviser and Nations Reserves the Trust is approved by a majority of the outstanding voting securities of the Fund applicable Master Portfolio (the "New Investment Sub-Advisory Agreement"); or (b) the 150th day day, or such other time that is granted by the Securities and Exchange Commission, following the termination of the investment sub-advisory agreement dated May 21August 19, 1999 among NationsBanc Banc of America Advisors, Inc., Chicago Equity Partners Corporation Marsico Capital Management, LLC and Nations Institutional Reserves Master Investment Xxxxx (the "Prior Investment Sub-Advisory Agreement"), the fees payable to the Sub-Adviser under the Agreement shall be paid into an interest-bearing escrow account (the "Account") which shall be maintained by an escrow agent. Such escrow agent shall be the custodian to the Funds Master Portfolios or another bank that shall not be an affiliated party (as defined in the 1940 Act) of any of txx xxxxxes the parties hereto. All amounts paid into the Account xxx Xxxxunt (including interest earned on such moneys) may be paid to the Sub-Adviser only upon the approval, by a majority of the outstanding voting securities of the Fund Master Portfolios (as defined in the 1940 Act), of the New Investment Sub-Advisory Agreement. In the event that the shareholders interestholders of the Fund a Master Portfolio fail to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, all moneys in the Account shall be paid to the Fund Master Portfolio less any amounts to be paid to the Sub-Advisor which shall be the lesser of: (1) any costs incurred in performing the Agreement (plus interest earned on such amount); or (2) the total amount of moneys in the Account (plus interest earned). All parties hereto expressly acknowledge that the escrow agent may release the moneys in the Account only upon receipt of a certificate from an officer of the Trust (who shall not be an interested person of the Sub-Adviser (as defined in the 1940 Act) stating thax xxx xxneys that the moneys are to be delivered to the SubSxx-Adviser Xxxxxer and that the New Investment Sub-Advisory Agreement has been approved by a majority of the outstanding voting securities of the Fund Master Portfolio (as defined in the 1940 Act) or, in the xxxxx xxat event that the shareholders interestholders of the Fund a Mastex Xxxxxxlio failed to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, that the moneys in the Account are to be delivered to the FundMaster Portfolio.

Escrow of Fees. During the period of time commencing on the effective date of the Agreement, and continuing until the earlier of: (a) such time as an investment sub-advisory agreement among the Adviser, Chicago Equity Gartmore Global Partners Corporation, and Nations Reserves Master Investment Trust is approved by a majority of the outstanding voting securities of the Fund Master Portfolio (the "New Investment Sub-Advisory Agreement"); or (b) the 150th day following the termination of the investment sub-advisory agreement dated May 21August 19, 1999 among NationsBanc Advisors, Inc., Chicago Equity Gartmore Global Partners Corporation and Nations Institutional Reserves Master Investment Trust (the "Prior Investment Sub-Advisory Agreement"), the fees payable to the Sub-Adviser under the Agreement shall be paid into an interest-bearing escrow account (the "Account") which shall be maintained by an escrow agent. Such escrow agent shall be the custodian to the Funds Master Portfolios or another bank that shall not be an affiliated party (as defined in the 1940 Act) of any of txx xxxxxes heretothe paxxxxx xxreto. All amounts paid into the Account (including interest earned on such moneys) may be paid to the Sub-Adviser only upon the approval, by a majority of the outstanding voting securities of the Fund Master Portfolio (as defined in the 1940 Act), of the New Investment Sub-Advisory Agreement. In the event that the shareholders of the Fund Master Portfolio fail to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, all moneys in the Account shall be paid to the Fund Master Portfolio less any amounts to be paid to the Sub-Advisor which shall be the lesser of: (1) any costs incurred in performing the Agreement (plus interest earned on such amount); or (2) the total amount of moneys in the Account (plus interest earned). All parties hereto expressly acknowledge that the escrow agent may release the moneys in the Account only upon receipt of a certificate from an officer of the Trust (who shall not be an interested person of the Sub-Adviser (as defined in the 1940 Act) stating thax xxx xxneys that the xxxxxx are to be delivered to the Sub-Adviser and that the New Investment Sub-Advisory Agreement has been approved by a majority of the outstanding voting securities of the Fund Master Portfolio (as defined in the 1940 Act) or, in the xxxxx xxat the event xxxx xxe shareholders of the Fund Master Portfolio failed to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, that the moneys in the Account are to be delivered to the FundMaster Portfolio.

Escrow of Fees. During the period of time commencing on the effective date of the Agreement, and continuing until the earlier of: (a) such time as an investment sub-advisory agreement among the Adviser, Chicago Equity Partners Corporation, the Sub-Adviser and Nations Reserves the Trust is approved by a majority of the outstanding voting securities of the Fund applicable Master Portfolio (the "New Investment Sub-Advisory Agreement"); or (b) the 150th day day, or such other time that is granted by the Securities and Exchange Commission, following the termination of the investment sub-advisory agreement dated May 21April 7, 1999 2000 among NationsBanc Banc of America Advisors, Inc., Chicago Equity Partners Corporation Marsico Capital Management, LLC and Nations Institutional Reserves Master Investment Xxxxx (the "Prior Investment Sub-Advisory Agreement"), the fees payable to the Sub-Adviser under the Agreement shall be paid into an interest-bearing escrow account (the "Account") which shall be maintained by an escrow agent. Such escrow agent shall be the custodian to the Funds Master Portfolio or another bank that shall not be an affiliated party (as defined in the 1940 Act) of any of txx xxxxxes the parties hereto. All amounts paid into the Account xxx Xxxxunt (including interest earned on such moneys) may be paid to the Sub-Adviser only upon the approval, by a majority of the outstanding voting securities of the Fund Master Portfolio (as defined in the 1940 Act), of the New Investment Sub-Advisory Agreement. In the event that the shareholders interestholders of the Fund Master Portfolio fail to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, all moneys in the Account shall be paid to the Fund Master Portfolio less any amounts to be paid to the Sub-Advisor which shall be the lesser of: (1) any costs incurred in performing the Agreement (plus interest earned on such amount); or (2) the total amount of moneys in the Account (plus interest earned). All parties hereto expressly acknowledge that the escrow agent may release the moneys in the Account only upon receipt of a certificate from an officer of the Trust (who shall not be an interested person of the Sub-Adviser (as defined in the 1940 Act) stating thax xxx xxneys that the moneys are to be delivered to the SubSxx-Adviser Xxxxxer and that the New Investment Sub-Advisory Agreement has been approved by a majority of the outstanding voting securities of the Fund Master Portfolio (as defined in the 1940 Act) or, in the xxxxx xxat event that the shareholders interestholders of the Fund Masxxx Xxxxfolio failed to approve the New Investment Sub-Advisory Agreement prior to the earlier of the date specified in subpart (b) above, that the moneys in the Account are to be delivered to the FundMaster Portfolio.