Exhibit (l)(29)
PURCHASE AGREEMENT
AGREEMENT dated this 28th day of June, 2002, by and between Armada Funds (the
"Trust"), a Massachusetts business trust, and SEI Investments Distribution Co.
("SEI").
1. The Trust hereby offers SEI and SEI hereby purchases one each of
Class PP, Class PP - Special Series 1, Class PP - Special Series 2, Class PP -
Special Series 3 and Class PP - Special Series 4 shares of beneficial interest
(no par value per share) representing interests in the Trust's Small/Mid Cap
Value Fund at a price of $10.00 per share (collectively known as "Shares").
2. SEI hereby acknowledges receipt of one Share each of Class PP, Class
PP - Special Series 1, Class PP - Special Series 2, Class PP - Special Series 3
and Class PP - Special Series 4. The Trust hereby acknowledges receipt from SEI
of funds in the amount of $10.00 for each such Share.
3. SEI represents and warrants to the Trust that the Shares are being
acquired for investment purposes and not with a view to the distribution
thereof.
4. The names "Armada Funds" and "Trustees of Armada Funds" refer
respectively to the Trust created and the Trustees, as trustees but not
individually or personally, acting from time to time under a Declaration of
Trust dated as of January 28, 1986 which is hereby referred to and a copy of
which is on file at the office of the State Secretary of the Commonwealth of
Massachusetts and at the principal office of the Trust. The obligations of
"Armada Funds" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are made not individually, but in such
capacities, and are not binding upon any of the Trustees, Shareholders or
representatives of the Trust personally, but bind only the Trust Property, and
all persons dealing with any class of shares of the Trust must look solely to
the Trust Property belonging to such class for the enforcement of any claims
against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the 28th day of June, 2002.
ARMADA FUNDS
Attest:
/s/ Xxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Title: Assistant Treasurer
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SEI INVESTMENTS DISTRIBUTION CO.
Attest:
Signature illegible By: /s/ Xxxx Xxxxx
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Title: Vice President and Asst. Secretary
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