PURCHASE AGREEMENT HIGH YIELD MUNICIPAL PORTFOLIO
Exhibit (l)(11)
HIGH YIELD MUNICIPAL PORTFOLIO
The Glenmede Fund, Inc., a Maryland corporation (the “Company”), and The Glenmede Corporation, a Pennsylvania corporation (“Glenmede”), hereby agree with each other as follows:
1. The Company hereby offers Glenmede and Glenmede hereby purchases one share (the “Share”) of the Company’s High Yield Municipal Portfolio for $10.00 per share. The Company hereby acknowledges receipt from Glenmede of funds in the total amount of $10.00 in full payment for such Share.
2. Glenmede represents and warrants to the Company that the Share is being acquired for investment purposes and not with a view to the distribution thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Agreement as of the 22nd day of December, 2015.
THE GLENMEDE FUND, INC. | ||||||||
ATTEST: | ||||||||
/s/ Xxxx X. Xxxxxx |
/s/ Xxxx Xxx X. Xxxxx | |||||||
By: | Xxxx X. Xxxxxx | By: | Xxxx Xxx X. Xxxxx | |||||
Title: | Treasurer | Title: | President | |||||
THE GLENMEDE CORPORATION | ||||||||
ATTEST: | ||||||||
/s/ Xxxx X. Xxxxxx |
/s/ Xxxxx X. Xxxxxxxx | |||||||
By: | Xxxx X. Xxxxxx | By: | Xxxxx X. Xxxxxxxx | |||||
Title: | Treasurer | Title: | Managing Director |