1
EXHIBIT 9(v)
AMENDMENT NO. 7 TO ADMINISTRATION AGREEMENT
This Amendment No. 7, dated as of the 30th day of July,
1996, is entered into between PACIFIC HORIZON FUNDS, INC. (the
"Company"), a Maryland corporation, and Concord Holding
Corporation, a Delaware corporation ("Concord").
WHEREAS, the Company and Concord have entered into an Administration
Agreement (the "Administration Agreement") dated as of November 13, 1989, as
amended, pursuant to which the Company retained Concord as its Administrator to
provide administrative services for the Aggressive Growth Fund, Capital Income
Fund, U.S. Government Securities Fund, California TaxExempt Bond Fund, Blue Chip
Fund, Intermediate Bond Fund (formerly, Flexible Bond Fund), Asset Allocation
Fund, National Municipal Bond Fund, Utilities Fund, Growth and Income Fund,
Corporate Bond Fund, Short-Term Government Fund, International Bond Fund and
International Equity Fund;
WHEREAS, the Company has notified Concord that it is reorganizing the
Short-Term Government Fund (the "Fund") into a non-feeder fund and that it
desires to retain Concord to act as the Administrator therefor, and Concord has
notified the Company that it is willing to serve as the Administrator for the
Fund;
WHEREAS, the Company desires that the Fund shall become a "Fund" as
that term is defined in the Administration Agreement, and such Fund shall become
subject to the provisions of said Administration Agreement to the same extent as
the other Funds except to the extent said provisions are modified below; and
WHEREAS, the parties wish to amend the Administration
Agreement and to rescind Amendment No. 4 to the Administration
Agreement to the extent said Agreement applies to the Fund;
NOW THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:
1. RESCISSION OF AMENDMENT NO. 4 TO THE ADMINISTRATION
AGREEMENT AS IT RELATES TO THE FUND. Amendment No. 4 is rescinded as it relates
to the Fund.
2. APPOINTMENT. The Company hereby appoints Concord as
Administrator of the Short-Term Government Fund for the period and on the terms
set forth in the Administration Agreement. Concord accepts such appointment and
agrees to perform the duties and services set forth in the Administration
Agreement, for the compensation herein provided.
2
3. COMPENSATION. For the services provided and the expenses
assumed as Administrator pursuant to the Administration Agreement with respect
to the Fund, the Company will pay Concord a fee, computed daily and paid
monthly, at the annual rate of 0.20% of the Fund's average daily net assets.
Except to the extent amended hereby, the Administration Agreement as
amended shall remain unchanged and in full force and effect and is hereby
ratified and confirmed in all respects as amended hereby.
This Amendment may be executed in one or more counterparts and all such
counterparts will constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 7
as of the date and year first above written.
PACIFIC HORIZON FUNDS, INC.
By:/s/ Xxxxxxxxx X. Pings
-------------------------------
Title: President
CONCORD HOLDING CORPORATION
By:/s/ J. Xxxxx Xxxxx
-------------------------------
Title: Executive Vice President
-2-
