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EXHIBIT 99.B9(e)
ASSIGNMENT AND ASSUMPTION
ASSIGNMENT AND ASSUMPTION ("Assignment and Assumption") made
and entered into as of February 1, 1995 by and between Xxxxxx
Financial Services, Inc., a Delaware corporation ("Assignor"),
and Xxxxxx Distributors, Inc., a Delaware corporation
("Assignee").
WHEREAS, Assignor serves as administrator for Xxxxxx
Adjustable Rate U.S. Government Fund, a Massachusetts business
trust (the "Fund"), pursuant to that certain Administrative
Services Agreement dated August 1, 1990 by and between Assignor
and the Fund, as may have been amended, (the "Agreement");
WHEREAS, Assignee is a wholly-owned subsidiary of Assignor;
WHEREAS, It has been proposed that the rights, duties and
responsibilities of Assignor under the Agreement be transferred
to and assumed by Assignee;
WHEREAS, The Fund has determined that such transfer of
rights, duties and responsibilities is reasonable and in the best
interests of the Fund and the Fund's shareholders; and
NOW, THEREFORE, in consideration of the covenants
hereinafter contained, it is hereby agreed by and between the
parties hereto as follows:
1. Assignment and Assumption. Assignor assigns and
transfers to Assignee all of Assignor's rights, interests,
liabilities, duties and obligations under the Agreement
("Assigned Rights and Obligations"). Assignee accepts the
foregoing assignment and transfer of the Assigned Rights and
Obligations and agrees to assume, pay, perform and otherwise be
fully responsible for the same.
2. Further Assurances. From time to time, at the
request of either party, the other party will execute and deliver
such further instruments of assignment, transfer and assumption
and take such further action as may be required to assign,
transfer and assume the Assigned Rights and Obligations.
3. Applicable Law. This Assignment and Assumption shall
be governed by the laws of the State of Illinois.
4. Amendments. This Assignment and Assumption may only
be amended by the written agreement of the parties.
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IN WITNESS WHEREOF, the parties have each caused this
Assignment and Assumption to be executed on its behalf by a duly
authorized officer as of the date first written above.
XXXXXX FINANCIAL SERVICES, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
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Its: Senior Vice President
XXXXXX DISTRIBUTORS, INC.
By: /s/ Xxxxx X. Xxxxxxxxxx
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Its: Executive Vice President
The undersigned hereby acknowledges and consents to the foregoing
Assignment and Assumption as of February 1, 1995.
XXXXXX ADJUSTABLE RATE U.S. GOVERNMENT FUND
By: /s/ Xxxx X. Xxxxxx
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Its: Vice President
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