Exhibit (h)(15)
AMENDMENT TO
CO-ADMINISTRATION AGREEMENT
This Amendment dated as of February 8, 2002, is entered into by
NORTHERN INSTITUTIONAL FUNDS (the "Fund"), NORTHERN TRUST INVESTMENTS, INC.
("NTI") and PFPC INC. ("PFPC").
WHEREAS, the Fund, The Northern Trust Company ("Northern") and PFPC
entered into a Co-Administration Agreement dated as of October 5, 1999, as
amended (the "Agreement") which appointed PFPC and Northern as Co-Administrators
with respect to each investment portfolio listed as Schedule A to the Agreement;
WHEREAS, pursuant to an Assignment and Assumption Agreement dated as of
January 1, 2001, Northern assigned its rights and obligations under the
Agreement to NTI and NTI accepted all such rights and obligations;
WHEREAS, the Fund, NTI and PFPC wish to amend certain terms of the
Agreement;
NOW, THEREFORE, the parties hereto, intending to be legally bound
hereby, hereby agree as follows:
I. The final sentence of Article 16 of the Agreement shall be
revised to read as follows:
The Co-Administrators may, in their sole discretion, engage
subcontractors to perform any of the obligations contained in
this Agreement that they are otherwise required to perform
hereunder, provided that the Co-Administrators shall be
responsible for all compensation payable to such subcontractors
and shall remain responsible for the acts and omissions of such
subcontractors to the same extent that the Co-Administrators are
hereunder.
II. Except to the extent amended hereby, the Agreement shall remain
unchanged and in full force and effect and is hereby ratified and
confirmed in all respects as amended hereby.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
and year first written above.
NORTHERN INSTITUTIONAL FUNDS
By: /s/Xxxxx X. Xxxxxxxx
-------------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: President
NORTHERN TRUST INVESTMENTS, INC.
By: /s/Xxxxxxx X. Xxxxxx III
-------------------------------------
Name: Xxxxxxx X. Xxxxxx III
Title: Vice President
PFPC INC.
By: /s/
