IMPROVED EFFICIENCIES. The Funds and the Agent shall meet periodically to consider whether Modifications paid for by the Funds or other changes in the nature of the delivery of the Services by the Agent has lowered the Agent’s operating costs. Where the parties agree that the foregoing has occurred, they will commence negotiations in good faith to consider the establishment of reductions in the related Fees associated with the Services affected by those Modifications or changes in the delivery of the Services.
Appears in 7 contracts
Samples: Agency Agreement (Lord Abbett Bond Debenture Fund Inc), Agency Agreement (Lord Abbett Municipal Income Fund Inc), Agency Agreement (Lord Abbett Us Gov & Gov Sponsored Enterpr Money Market Fund)
IMPROVED EFFICIENCIES. The Funds and the Agent shall meet periodically to consider whether Modifications paid for by the Funds or other changes in the nature of the delivery of the Services by the Agent has lowered the Agent’s 's operating costs. Where the parties agree that the foregoing has occurred, they will commence negotiations in good faith to consider the establishment of reductions in the related Fees associated with the Services affected by those Modifications or changes in the delivery of the Services.
Appears in 2 contracts
Samples: Agency Agreement (Lord Abbett Series Fund Inc), Agency Agreement (Lord Abbett Affiliated Fund Inc)
