FEE WAIVER AGREEMENT (UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund and UBS Tax-Free Preferred Fund) UBS MONEY SERIES New York, New York 10019
(UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund and UBS Tax-Free Preferred Fund)
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dated as of August 22, 2017
UBS Asset Management (Americas) Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
1. UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund and UBS Tax-Free Preferred Fund (each, a “Fund”) are series of UBS Money Series, a Delaware statutory trust (the “Company”). Operating expenses of each Fund are annual rates expressed as a percentage of average daily net assets.
2. You hereby agree that you will waive 0.04% of the 0.08% administrative fee otherwise payable to you by each Fund through August 31, 2018.
3. You further agree that you will continue the administrative fee waiver under Paragraph 2 above until the later of August 31, 2018 or the date on which a Fund’s prospectus is updated to reflect superseding waiver arrangements, if any, or the termination thereof.
4. This Agreement shall terminate automatically upon the termination of the administration agreement between you and the Company with respect to a Fund.
5. This Agreement shall be governed by, and construed and enforced in accordance with, the internal 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 Agreement shall be in writing signed by the parties hereto.
If you are in agreement with the foregoing, please sign the form of acceptance on the enclosed counterpart hereof and return the same to us.
UBS MONEY SERIES, ON BEHALF OF ITS UBS SELECT PRIME PREFERRED FUND, UBS SELECT GOVERNMENT PREFERRED FUND, UBS SELECT TREASURY PREFERRED FUND, UBS PRIME PREFERRED FUND AND UBS TAX-FREE PREFERRED FUND, SEVERALLY AND NOT JOINTLY
Name: Xxxxx X. Xxxxxx | Name: Xxxx Xxxxxxx | |||||||
Title: Vice President & Assistant Secretary | Title: Vice President & Assistant Secretary |
Agreement is hereby accepted as of August 22, 2017
|
||||||||
UBS ASSET MANAGEMENT (AMERICAS) INC. | ||||||||
By: /s/ Xxxxxx Xxxxxxx | By: /s/ Xxxxx X. Xxxxxx | |||||||
Name: Xxxxxx Xxxxxxx | Name: Xxxxx X. Xxxxxx | |||||||
Title: Managing Director | Title: Director |