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EXHIBIT (13)(u)
PURCHASE AGREEMENT
AGREEMENT dated this ____ day of ______, 1998, by and between Armada
Funds (the "Trust"), a Massachusetts business trust, and SEI Investments
Distribution Co. ("SEI"), a Massachusetts corporation.
1. The Trust hereby offers SEI and SEI hereby purchases one each of
Class BB and Class BB Special Series 1 shares of beneficial interest (no par
value per share) representing interests in the Trust's Ohio Municipal Money
Market Fund at a price of $1 per share (collectively known as "Shares").
2. SEI hereby acknowledges receipt of one Share each of Class BB and
Class BB - Special Series 1. The Trust hereby acknowledges receipt from SEI of
funds in the amount of $1 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 ___ day of _____, 1998.
ARMADA FUNDS
Attest:
___________________________ By:_________________________________
W. Xxxxx XxXxxxxx, III
Secretary and Assistant Treasurer
SEI INVESTMENTS DISTRIBUTION CO.
Attest:
___________________________ By:_________________________________
Title:______________________________
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