UBS RMA Money Market Portfolio (a series of UBS RMA Money Fund Inc.)
Exhibit 4(c)
UBS RMA Money Market Portfolio
(a series of UBS RMA Money Fund Inc.)
Effective as of March 1, 2011
UBS Global Asset Management (Americas) Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Re: Fee Waiver Agreement
Ladies and Gentlemen:
1. UBS RMA Money Market Portfolio (the “Portfolio”) is a series of UBS RMA Money Fund Inc., a Maryland corporation (the “Fund”). UBS Global Asset Management (Americas) Inc. (“you”) serves as investment advisor and administrator to the Portfolio pursuant to an Investment Advisory and Administration Contract dated as of March 1, 2011 (the “Advisory Contract”).
2. You hereby agree that you will cap the Fund’s aggregate management fee payable under the Advisory Contract and the service fees payable under the Portfolio’s Shareholder Services Plan so that the total of these two expenses does not exceed 0.50% of the Portfolio’s average daily net assets. In the event that the Portfolio’s asset levels decrease precipitously, thus putting upward pressure on the effective management fee under the breakpoint schedule above, you will cap the fee payable under the Advisory Contract to the extent necessary to ensure that the effective management fee rate remains at 0.35%.
3. This Agreement and the fee waiver contemplated hereby shall become effective as of March 1, 2011, and shall continue in effect unless it is terminated by a vote of a majority of those directors of the Fund who are not parties to the Advisory Contract or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such termination, and (ii) by the Fund’s board or by vote of a majority of the outstanding voting securities of the Fund.
4. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, except insofar as the Investment Company Act of 1940, as amended, or other federal laws and regulations may be controlling. Any amendment to this fee waiver agreement shall be in writing and signed by the parties hereto.
If you are in agreement with the foregoing, please sign the form of acceptance below and return the same to us.
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Very truly yours, |
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UBS RMA MONEY FUND INC. on behalf of its |
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UBS RMA MONEY MARKET PORTFOLIO |
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By: |
/s/ Mark. E. Xxxxxx |
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Xxxx. X. Xxxxxx |
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President |
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By: |
/s/ Xxxxxx Xxxxxxx |
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Xxxxxx Xxxxxxx |
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Vice President & Treasurer |
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Accepted and agreed to by: | |
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UBS GLOBAL ASSET MANAGEMENT (AMERICAS) INC. | |
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By: |
/s/ Xxxxx X. Xxxxxx |
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Xxxxx X. Xxxxxx |
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Executive Director & Senior Associate |
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General Counsel |
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Executive Director |
