Common use of Securities Lending Fees Clause in Contracts

Securities Lending Fees. As compensation for services provided by the Manager in connection with securities lending activities of each Fund of the Mileage Trust, a lending Fund shall pay to the Manager, with respect to cash collateral posted by borrowers, a fee up to 25% of the net monthly interest income (the gross interest income earned by the investment of cash collateral, less the amount paid to borrowers as well as related expenses) from such activities and, with respect to loan fees paid by borrowers when a borrower posts collateral other than cash, a fee up to 25% of such loan fees. To the extent that a Fund invests all of its investable assets (i.e., securities and cash) in another registered investment company, however, the Mileage Trust will not pay the Manager any fee for services provided by the Manager in connection with securities lending activities.

Securities Lending Fees. As compensation for services provided by the Manager in connection with securities lending activities of each Fund of the Mileage Trust, a lending Fund shall pay to the Manager, with respect to cash collateral posted by borrowers, a fee up to 25% of the net monthly interest income (the gross interest income earned by the investment of cash collateral, less the amount paid to borrowers as well as related expenses) from such activities and, with respect to loan fees paid by borrowers when a borrower posts collateral other than cash, a fee up to 25% of such loan fees. To the extent that a Fund invests all of its investable assets (i.e., securities and cash) in another registered investment company, however, the Mileage Trust will not pay the Manager any fee for services provided by the Manager in connection with securities lending activities.. DATED: October 17, 2001

Securities Lending Fees. As compensation for services provided by the Manager in connection with securities lending activities of each Fund of the Mileage Trust, a lending Fund shall pay to the Manager, with respect to cash collateral posted by borrowers, a fee up equal to 25% of the net monthly interest income (the gross interest income earned by the investment of cash collateral, less the amount paid to borrowers as well as related expenses) from such activities and, with respect to loan fees paid by borrowers when a borrower posts collateral other than cash, a fee up equal to 25% of such loan fees. To the extent that a Fund invests all of its investable assets (i.e., securities and cash) in another registered investment company, however, the Mileage Trust will not pay the Manager any fee for services provided by the Manager in connection with securities lending activities.. DATED: July 25, 1997

Securities Lending Fees. As compensation for services provided by the Manager in connection with securities lending activities of each Fund of the Mileage Trust, a lending Fund shall pay to the Manager, with respect to cash collateral posted by borrowers, a fee up to 25% of the net monthly interest income (the gross interest income earned by the investment of cash collateral, less the amount paid to borrowers as well as related expenses) from such activities and, with respect to loan fees paid by borrowers when a borrower posts collateral other than cash, a fee up to 25% of such loan fees. To the extent that a Fund invests all of its investable assets (i.e., securities and cash) in another registered investment company, however, the Mileage Trust will not pay the Manager any fee for services provided by the Manager in connection with securities lending activities.. DATED: January 1, 1999

Securities Lending Fees. As compensation for services provided by the Manager in connection with securities lending activities of each Fund of the Mileage Trust, a lending Fund shall pay to the Manager, with respect to cash collateral posted by borrowers, a fee up to 25% of the net monthly interest income (the gross interest income earned by the investment of cash collateral, less the amount paid to borrowers as well as related expenses) from such activities and, with respect to loan fees paid by borrowers when a borrower posts collateral other than cash, a fee up to 25% of such loan fees. To the extent that a Fund invests all of its investable assets (i.e., securities and cash) in another registered investment company, however, the Mileage Trust will not pay the Manager any fee for services provided by the Manager in connection with securities lending activities.. DATED: September 1, 1998

Securities Lending Fees. As compensation for services provided by the Manager in connection with securities lending activities of each Fund of the Mileage Trust, a lending Fund shall pay to the Manager, with respect to cash collateral posted by borrowers, a fee up equal to 2510% of the net monthly interest income (the gross interest income earned by the investment of cash collateral, less the amount paid to borrowers as well as related expenses) from such activities and, with respect to loan fees paid by borrowers when a borrower posts collateral other than cash, a fee up equal to 2510% of such loan fees. To the extent that a Fund invests all of its investable assets (i.e., securities and cash) in another registered investment company, however, the Mileage Trust will not pay the Manager any fee for services provided by the Manager in connection with securities lending activities.. DATED: November 21, 1997