MEMORANDUM OF AGREEMENT (Yield Support)
MEMORANDUM OF AGREEMENT
(Yield Support)
(Yield Support)
This Memorandum of Agreement is entered into upon the date of the reorganization of Xxx Xxxxxx
Money Market Fund into AIM Money Market Fund, a series portfolio of AIM Investment Securities Funds
and the reorganization of Xxx Xxxxxx Tax Free Money Fund into AIM Tax-Exempt Cash Fund, a series
portfolio of AIM Tax-Exempt Funds and Invesco Advisers, Inc. (“Invesco”). AIM Investment
Securities Funds and AIM Tax-Exempt Cash Funds shall together be referred to as the Trusts and AIM
Money Market Fund and AIM Tax-Exempt Cash Fund shall together be referred to as the Funds. Invesco
shall and hereby agrees to waive fees or reimburse expenses of each Fund, on behalf of its
respective classes as applicable, severally and not jointly.
For and in consideration of the mutual terms and agreements set forth herein and other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Trusts
and Invesco agree as follows:
The Trusts and Invesco agree until at least June 30, 2012 (the “Expiration Date”) that Invesco
will waive its advisory fee or reimburse expenses of each Fund in order to maintain a minimum yield
of at least 0.01%.
It is expressly agreed that the obligations of each Trust hereunder shall not be binding upon
any of the Trustees, shareholders, nominees, officers, agents or employees of the Trusts
personally, but shall only bind the assets and property of each Fund, as provided in each Trust’s
Agreement and Declaration of Trust. The execution and delivery of this Memorandum of Agreement
have been authorized by the Trustees of the Trusts, and this Memorandum of Agreement has been
executed and delivered by an authorized officer of the Trusts acting as such; neither such
authorization by such Trustees nor such execution and delivery by such officer shall be deemed to
have been made by any of them individually or to impose any liability on any of them personally,
but shall bind only the assets and property of the Funds, as provided in each Trust’s Agreement and
Declaration of Trust.
IN WITNESS WHEREOF, each of the Trusts and Invesco have entered into this Memorandum of
Agreement as of the Effective Dates on the attached Exhibits.
AIM INVESTMENT SECURITIES FUNDS AIM TAX-EXEMPT FUNDS on behalf of the Funds listed in the Exhibits to this Memorandum of Agreement |
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By: | /s/ Xxxx X. Xxxx | |||
Title: Senior Vice President | ||||
Invesco Advisers, Inc. |
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By: | /s/ Xxxx X. Xxxx | |||
Title: Senior Vice President | ||||