EXHIBIT h(8)
MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of this 29 day of
August, 2002 between AIM Investment Securities Funds (the "Trust"), on behalf of
the fund listed on Exhibit "A" to this Memorandum of Agreement (the "Fund"), and
A I M Distributors, Inc. ("Distributors").
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 Trust and Distributors agree as follows:
The Trust and Distributors agree until the date set forth on the
attached Exhibit "A" that Distributors will waive Rule 12b-1 distribution plan
payments at the rates set forth on Exhibit "A" of the average daily net assets
allocable to such class. Neither the Trust nor Distributors may remove or amend
the waivers to the Trust's detriment prior to the date set forth on Exhibit "A."
Distributors will not have any right to reimbursement of any amount so waived.
The Trust and Distributors agree to review the then-current waivers for
each class of the Fund listed on Exhibit "A" on a date prior to the date listed
on that Exhibit to determine whether such waivers should be amended, continued
or terminated. Unless the Trust, by vote of its Board of Trustees, or
Distributors terminates the waivers, or the Trust and Distributors are unable to
reach an agreement on the amount of the waivers to which the Trust and
Distributors desire to be bound, the waivers will continue for additional
one-year terms at the rate to which the Trust and Distributors mutually agree.
Exhibit "A" will be amended to reflect that rate and the new date through which
the Trust and Distributors agree to be bound.
It is expressly agreed that the obligations of the Trust hereunder
shall not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trust personally, but shall only bind the assets and
property of the Fund, as provided in the Trust's Agreement and Declaration of
Trust. The execution and delivery of this Memorandum of Agreement have been
authorized by the Trustees of the Trust, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of the Trust 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 Fund, as provided in the Trust's
Agreement and Declaration of Trust.
IN WITNESS WHEREOF, the Trust and Distributors have entered into this
Memorandum of Agreement as of the date first above written.
AIM Investment Securities Funds, on behalf
of the Fund listed in Exhibit "A" to this
Memorandum of Agreement
By: /s/ XXXXXX X. XXXXXX
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Title: President
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A I M Distributors, Inc.
By: /s/ XXXXXXX X. XXXX
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Title: President
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EXHIBIT "A"
AIM INVESTMENT SECURITIES FUNDS
FUND WAIVER COMMITTED UNTIL
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AIM Short Term Bond Fund 0.40% of Rule 12b-1 distribution plan June 30, 2003
Class C payments on average net assets
