EXHIBIT 99.(h)(vi)
FORM OF
EXPENSE REIMBURSEMENT AGREEMENT
THIS EXPENSE REIMBURSEMENT AGREEMENT (this "Agreement") is made and
entered into this 30th day of December 2004 between Lord, Xxxxxx & Co. LLC
("Lord Xxxxxx") and Lord Xxxxxx Municipal Income Trust (the "Municipal
Trust") with respect to the Lord Xxxxxx High Yield Municipal Bond Fund (the
"Fund").
In consideration of good and valuable consideration, receipt of which is
hereby acknowledged, it is agreed as follows:
1. Lord Xxxxxx agrees to bear directly and/or reimburse the Fund for
expenses, if and to the extent that Total Operating
Expenses exceed or would otherwise exceed an annual rate of (a) twenty
five basis points (.25%) for Class A shares of the Fund (b) one
hundred basis points (1.00%) for class B shares of the Fund (c) one
hundred basis points (1.00%) for class C shares of the Fund and
(d) forty five basis points (.45%) for class P shares of the Fund of
the average daily net assets in the Fund for the time period set
forth below.
2. Lord Xxxxxx'x commitment described in paragraph 1 will be effective
from December 30, 2004 through September 30, 2005.
IN WITNESS WHEREOF, Lord Xxxxxx and the Municipal Trust have caused this
Agreement to be executed by a duly authorized member and officer,
respectively, and the Municipal Trust has affixed its corporate seal hereto,
all on the day and year first above written.
LORD XXXXXX MUNICIPAL INCOME TRUST
By:
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Xxxxxx X. Xxx
Chairman of the Board
LORD, XXXXXX & CO. LLC
By:
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Xxxx X. Xxxxxxx
Member and General Counsel
