Exhibit 99.(d)(vi)
EXPENSE REIMBURSEMENT AGREEMENT
THIS EXPENSE REIMBURSEMENT AGREEMENT (this "Agreement") is made and
entered into this 1st day of October 2004 between Lord, Xxxxxx & Co. LLC ("Lord
Xxxxxx") and Lord Xxxxxx Tax-Free Income Trust (the "Tax-Free Income Trust")
with respect to the Florida Series, Georgia Series, Michigan Series,
Pennsylvania Series, and Lord Xxxxxx Insured Intermediate Tax-Free Fund (each a
"Fund")
In consideration of good and valuable consideration, receipt of which
is hereby acknowledged, it is agreed as follows:
1. With respect to each of the Georgia Series, Michigan Series, and
Pennsylvania Series, Lord Xxxxxx agrees to bear directly and/or
reimburse the Funds for expenses if and to the extent that Total
Operating Expenses exceed or would otherwise exceed an annual rate
of (a) ninety-five basis points (0.95%) for Class A shares of the
Funds, and (b) one hundred and five basis points (1.05%) for Class
P shares of the Funds of the average daily net assets in the Funds
for the time period set forth in paragraph 4 below.
2. With respect to the Florida Series, Lord Xxxxxx agrees to bear
directly and/or reimburse the Fund for expenses if and to the
extent that Total Operating Expenses exceed or would otherwise
exceed an annual rate of (a) ninety-five basis points (0.95%) for
Class A shares of the Fund, (b) one hundred and sixty basis points
(1.60%) for Class C shares of the Fund, and (c) one hundred and
five basis points (1.05%) for Class P shares of the Fund of the
average daily net assets in the Fund for the time period set forth
in paragraph 4 below.
3. With respect to the Insured Intermediate Tax-Free Fund, Lord
Xxxxxx agrees to bear directly and/or reimburse the Fund for
expenses if and to the extent that Total Operating Expenses exceed
or would otherwise exceed an annual rate of (a) twenty-five basis
points (0.25%) for Class A shares of the Fund, (b) one hundred
basis points (1.00%) for Class B shares of the Fund, (c) one
hundred basis points (1.00%) for Class C shares of the Fund, and
(d) forty-five basis points (0.45%) for Class P shares of the Fund
of the average daily net assets in the Fund for the time period
set forth in paragraph 4 below.
4. Lord Xxxxxx'x commitment described in paragraphs 1, 2 and 3
will be effective from October 1, 2004 through September 30, 2005.
IN WITNESS WHEREOF, Lord Xxxxxx and the Tax-Free Income Trust have
caused this Agreement to be executed by a duly authorized member and officer,
respectively, on the day and year first above written.
LORD XXXXXX TAX-FREE INCOME TRUST
By: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
LORD, XXXXXX & CO. LLC
By: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
Member and General Counsel
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