ADMINISTRATION AGREEMENT
AGREEMENT dated as of January 14, 2000, between LIBERTY-XXXXX XXX ADVISOR
FLOATING RATE ADVANTAGE FUND, a Massachusetts business trust (the "Trust") and
COLONIAL MANAGEMENT ASSOCIATES,INC., a Massachusetts corporation (the
"Administrator").
In consideration of the promises and covenants herein, the parties agree as
follows:
1. Subject to the general direction and control of the Board of Trustees
of the Trust, the Administrator shall perform such administrative
services as may from time to time be reasonably requested by the Trust,
which shall include without limitation:(a) providing office space,
equipment and clerical personnel necessary for maintaining the organization
of the Trust and for performing the administrative functions herein set
forth;(b) arranging, if desired by the Trust, for Directors, officers and
employees of the Administrator to serve as Trustees, officers or agents
of the Trust if duly elected or appointed to such positions and subject to
their individual consent and to any limitations imposed by law; (c)
preparing and, if applicable, filing all documents required for compliance
by the Trust with applicable laws and regulations, including registration
statements, registration fee filings, semi-annual and annual reports to
shareholders, proxy statements and tax returns;(d) preparation of agendas
and supporting documents for and minutes of meetings of Trustees,
committees of Trustees and shareholders; (e) coordinating and overseeing
the activities of the Trust's other third-party service providers; and (f)
maintaining books and records of the Trust (exclusive of records required
by Section 31(a)of the 1940 Act). Notwithstanding the foregoing, the
Administrator shall not be deemed to have assumed or have any
responsibility with respect to functions specifically assumed by any
transfer agent or custodian of the Trust.
2. The Administrator shall be free to render similar services to others so
long as its services hereunder are not impaired thereby.
3. The Trust shall pay the Administrator monthly a fee at the annual rate of
0.20% of the Average Daily Managed Assets of the Trust.
"Average Daily Managed Assets of the Trust" shall mean the average daily
value of the total assets of the Trust less all accrued liabilities of the
Trust (other than the aggregate amount of any outstanding borrowings
constituting financial leverage).
4. This Agreement shall become effective as of the date of its execution,
and may be terminated without penalty by the Board of Trustees of the Trust
or by the Administrator, in each case on sixty days written notice to the
other party.
5. This Agreement may be amended only by a writing signed by both parties.
6. In the absence of willful misfeasance, bad faith or gross negligence on the
part of the Administrator, or reckless disregard of its obligations and
duties hereunder, the Administrator shall not be subject to any liability
to the Trust, to any shareholder of the Trust or to any other person, firm
or organization, for any act or omission in the course of, or connected
with, rendering services hereunder.
LIBERTY-XXXXX XXX ADVISOR FLOATING RATE ADVANTAGE FUND
By: J. Xxxxx Xxxxxxxxxxx
Controller
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: Xxxxx X. Xxxxxx
Senior Vice President
A copy of the document establishing the Trust is filed with the Secretary of The
Commonwealth of Massachusetts. This Agreement is executed by officers not as
individuals and is not binding upon any of the Trustees, officers or
shareholders of the Trust individually but only upon the assets of the Trust.
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