Exhibit No. EX-99.(h)(4)
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
December 28, 2005
Delaware Group Tax Free Fund
Voyageur Intermediate Tax Free Funds
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
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Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"),
intending to be legally bound hereby, Delaware Distributors, L.P. (the
"Distributor") agrees that in order to improve the performance of certain
portfolios in: (i) Delaware Group Tax-Free Fund, which is comprised of the
Delaware Tax-Free Insured Fund, Delaware Tax-Free USA Fund and Delaware Tax-Free
USA Intermediate Fund (the "National Funds"); and (ii) Voyageur Intermediate Tax
Free Funds, which is comprised of the Delaware Tax-Free Minnesota Intermediate
Fund (together with the National Funds, the "Funds"), the Distributor shall,
from December 30, 2005 through December 31, 2006, waive a portion of the Rule
12b-1 (distribution) fee for Class A Shares so that such Rule 12b-1
(distribution) fee for the Funds will be capped at the following rates:
Fund 12b-1 Fee Limitation
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Delaware Tax-Free Insured Fund 0.25%
Delaware Tax-Free USA Fund 0.25%
Delaware Tax-Free USA Intermediate Fund 0.15%
Delaware Tax-Free Minnesota Intermediate Fund 0.15%
The Distributor acknowledges that it shall not be entitled to
collect on or make a claim for waived fees at any time in the future.
Delaware Distributors, L.P.
By: /s/ Xxxxx X. Xxxxx
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Name: Xxxxx X. Xxxxx
Title: President/Chief Executive Officer
Date: December 28, 2005
Your signature below acknowledges acceptance of this Agreement:
Delaware Group Tax Free Fund
Voyageur Intermediate Tax Free Funds
By: /s/ Xxxx X. Xxxxxxxx
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Name: Xxxx X. Xxxxxxxx
Title: President/Chief Executive Officer
Date: December 28, 2005