THIRD AMENDED AND RESTATED MEMORANDUM OF AGREEMENT (Securities Lending Waiver)
Exhibit 99.h(3)
THIRD AMENDED AND RESTATED
(Securities Lending Waiver)
This Third Amended and Restated Memorandum of Agreement is entered into as of the dates indicated on Exhibit “A” between AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector Funds, AIM Stock Funds, AIM Summit Fund, AIM Tax-Exempt Funds, AIM Treasurer’s Series Trust, AIM Variable Insurance Funds, Short-Term Investments Trust and Tax-Free Investments Trust (each a “Fund” and collectively, the “Funds”), on behalf of the portfolios listed on Exhibit “A” to this Memorandum of Agreement (the “Portfolios”), and A I M Advisors, Inc. (“AIM”). This Memorandum of Agreement restates the Memorandum of Agreement previously in effect prior to July 1, 2007 and entered into as of the effective dates indicated on Exhibit “A” between AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector Funds, AIM Stock Funds, AIM Summit Fund, AIM Tax-Exempt Funds, AIM Variable Insurance Funds, AIM Treasurer’s Series Trust, Short-Term Investments Trust and Tax-Free Investments Trust, on behalf of the portfolios and AIM.
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 Funds and AIM agree as follows:
1. Each Fund, for itself and its Portfolios, and AIM agree that until the expiration date, if any, of the commitment set forth on the attached Exhibit “A” occurs, as such Exhibit “A” is amended from time to time, AIM has agreed that it will not charge any administrative fee under each Portfolio’s advisory agreement in connection with securities lending activities without prior approval from the Portfolio’s Board (such agreement is referred to as the “Waiver”).
2. Neither a Fund nor AIM may remove or amend the Waiver to a Fund’s detriment prior to requesting and receiving the approval of the Portfolio’s Board to remove or amend the Waiver. AIM will not have any right to reimbursement of any amount so waived.
Unless a Fund, by vote of its Board of Trustees terminates the Waiver, or a Fund and AIM are unable to reach an agreement on the amount of the Waiver to which the Fund and AIM desire to be bound, the Waiver will continue indefinitely with respect to such Fund. Exhibit “A” will be amended to reflect the new date through which a Fund and AIM agree to be bound.
Nothing in this Memorandum of Agreement is intended to affect any other memorandum of agreement executed by any Fund or AIM with respect to any other fee waivers, expense reimbursements and/or expense limitations.
IN WITNESS WHEREOF, each Fund, on behalf of itself and its Portfolios listed in Exhibit “A” to this Memorandum of Agreement, and AIM have entered into this Memorandum of Agreement as of the dates indicated on Exhibit “A”.
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AIM COUNSELOR SERIES TRUST |
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AIM EQUITY FUNDS |
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AIM FUNDS GROUP |
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AIM GROWTH SERIES |
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AIM INTERNATIONAL MUTUAL FUNDS |
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AIM INVESTMENT FUNDS |
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AIM INVESTMENT SECURITIES FUNDS |
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AIM STOCK FUNDS |
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AIM SUMMIT FUND |
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AIM TAX-EXEMPT FUNDS |
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AIM VARIABLE INSURANCE FUNDS |
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By: |
/s/ Xxxx X. Xxxx |
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Title: |
Senior Vice President |
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AIM TREASURER’S SERIES TRUST |
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SHORT-TERM INVESTMENTS TRUST |
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TAX-FREE INVESTMENTS TRUST |
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By: |
/s/ Xxxxx Xxxx Xxxxxx |
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Title: |
President |
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A I M ADVISORS, INC. |
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By: |
/s/ Xxxx X. Xxxx |
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Title: |
Senior Vice President |
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2
EXHIBIT “A”
AIM COUNSELOR SERIES TRUST
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PORTFOLIO |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Floating Rate Fund |
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April 14, 2006 |
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AIM Multi-Sector Fund |
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November 25, 2003 |
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AIM Select Real Estate Income Fund |
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March 9, 2007 |
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AIM Structured Core Fund |
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March 31, 2006 |
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AIM Structured Growth Fund |
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March 31, 2006 |
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AIM Structured Value Fund |
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March 31, 2006 |
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AIM EQUITY FUNDS
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PORTFOLIO |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Capital Development Fund |
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June 21, 2000 |
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AIM Charter Fund |
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June 21, 2000 |
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AIM Constellation Fund |
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June 21, 2000 |
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AIM Diversified Dividend Fund |
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December 28, 2001 |
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AIM Large Cap Basic Value Fund |
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June 21, 2000 |
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AIM Large Cap Growth Fund |
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June 21, 2000 |
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AIM FUNDS GROUP
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Basic Balanced Fund |
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September 28, 2001 |
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AIM European Small Company Fund |
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August 30, 2000 |
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AIM Global Value Fund |
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December 27, 2000 |
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AIM International Small Company Fund |
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August 30, 2000 |
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AIM Mid Cap Basic Value Fund |
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December 27, 2001 |
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AIM Select Equity Fund |
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June 1, 2000 |
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AIM Small Cap Equity Fund |
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August 30, 2000 |
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AIM GROWTH SERIES
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Basic Value Fund |
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June 5, 2000 |
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AIM Global Equity Fund |
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September 1, 2001 |
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AIM Mid Cap Core Equity Fund |
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September 1, 2001 |
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AIM Small Cap Growth Fund |
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September 11, 2000 |
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* Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.
A-1
AIM INTERNATIONAL MUTUAL FUNDS
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Asia Pacific Growth Fund |
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June 21, 2000 |
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AIM European Growth Fund |
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June 21, 2000 |
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AIM Global Aggressive Growth Fund |
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June 21, 2000 |
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AIM Global Growth Fund |
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June 21, 2000 |
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AIM International Growth Fund |
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June 21, 2000 |
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AIM International Core Equity Fund |
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November 25, 2003 |
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AIM INVESTMENT FUNDS
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM China Fund |
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March 31, 2006 |
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AIM Developing Markets Fund |
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September 1, 2001 |
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AIM Global Health Care Fund |
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September 1, 2001 |
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AIM International Total Return Xxxx |
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Xxxxx 00, 0000 |
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XXX Xxxxx Fund |
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March 31, 2006 |
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AIM LIBOR Alpha Fund |
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March 31, 2006 |
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AIM Trimark Endeavor Fund |
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November 4, 2003 |
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AIM Trimark Fund |
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November 4, 2003 |
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AIM Trimark Small Companies Fund |
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November 4, 2003 |
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AIM INVESTMENT SECURITIES FUNDS
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Global Real Estate Fund |
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April 29, 2005 |
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AIM High Yield Fund |
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June 1, 2000 |
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AIM Income Fund |
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June 1, 2000 |
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AIM Intermediate Government Fund |
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June 1, 2000 |
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AIM Limited Maturity Treasury Fund |
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June 1, 2000 |
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AIM Money Market Fund |
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June 1, 2000 |
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AIM Municipal Bond Fund |
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June 1, 2000 |
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AIM Real Estate Fund |
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September 11, 2000 |
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AIM Short Term Bond Fund |
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August 29, 2002 |
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AIM Total Return Bond Fund |
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December 28, 2001 |
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* Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.
A-2
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Energy Fund |
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November 25, 2003 |
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AIM Financial Services Fund |
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November 25, 2003 |
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AIM Gold & Precious Metals Fund |
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November 25, 2003 |
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AIM Leisure Fund |
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November 25, 2003 |
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AIM Technology Fund |
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November 25, 2003 |
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AIM Utilities Fund |
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November 25, 2003 |
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AIM STOCK FUNDS
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Dynamics Fund |
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November 25, 2003 |
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AIM S&P 500 Index Fund |
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November 25, 2003 |
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AIM SUMMIT FUND
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM Summit Fund |
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July 24, 2000 |
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AIM TAX-EXEMPT FUNDS
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM High Income Municipal Fund |
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June 1, 2000 |
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AIM Tax-Exempt Cash Fund |
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June 1, 2000 |
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AIM Tax-Free Intermediate Fund |
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June 1, 2000 |
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AIM TREASURER’S SERIES TRUST
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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Premier Portfolio |
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November 25, 2003 |
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Premier Tax-Exempt Portfolio |
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November 25, 2003 |
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Premier U.S. Government Money |
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November 25, 2003 |
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Portfolio |
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* Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.
A-3
AIM VARIABLE INSURANCE FUNDS
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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AIM V.I. Basic Balanced Fund |
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May 1, 2000 |
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AIM V.I. Basic Value Fund |
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September 10, 2001 |
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AIM V.I. Capital Appreciation Fund |
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May 1, 2000 |
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AIM V.I. Capital Development Fund |
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May 1, 2000 |
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AIM V.I. Core Equity Fund |
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May 1, 2000 |
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AIM V.I. Diversified Income Fund |
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May 1, 2000 |
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AIM V.I. Dynamics Fund |
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April 30, 2004 |
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AIM V.I. Financial Services Fund |
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April 30, 2004 |
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AIM V.I. Global Health Care Fund |
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April 30, 2004 |
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AIM V.I. Global Real Estate Fund |
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April 30, 2004 |
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AIM V.I. Government Securities Fund |
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May 1, 2000 |
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AIM V.I. High Yield Fund |
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May 1, 2000 |
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AIM V.I. International Growth Fund |
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May 1, 2000 |
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AIM V.I. Large Cap Growth Fund |
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September 1, 2003 |
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AIM X.X. Xxxxxxx Xxxx |
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Xxxxx 00, 0000 |
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AIM V.I. Mid Cap Core Equity Fund |
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September 10, 2001 |
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AIM V.I. Money Market Fund |
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May 1, 2000 |
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AIM V.I. Small Cap Equity Fund |
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September 1, 2003 |
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AIM V.I. Technology Fund |
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April 30, 2004 |
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AIM V.I. Utilities Fund |
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April 30, 2004 |
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SHORT-TERM INVESTMENTS TRUST
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL * |
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Government & Agency Portfolio |
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June 1, 2000 |
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Government TaxAdvantage Portfolio |
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June 1, 2000 |
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Liquid Assets Portfolio |
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June 1, 2000 |
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STIC Prime Portfolio |
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June 1, 2000 |
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Treasury Portfolio |
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June 1, 2000 |
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TAX-FREE INVESTMENTS TRUST
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FUND |
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EFFECTIVE DATE |
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COMMITTED UNTIL* |
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Tax-Free Cash Reserve Portfolio |
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June 1, 2000 |
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* Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.
A-4
