ADMINISTRATION AGREEMENT
AGREEMENT dated as of June 1, 1999, between LIBERTY TRUST I, a Massachusetts
business trust (Trust), with respect to XXXXX XXX ADVISOR TAX-MANAGED VALUE FUND
(Fund), and COLONIAL MANAGEMENT ASSOCIATES, INC., a Massachusetts corporation
(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 Fund 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 Fund if duly elected or appointed to such
positions and subject to their individual consent and to any limitations
imposed by law; (c) preparation of agendas and supporting documents
for and minutes of meetings of Trustees, committees of Trustees and
shareholders; (d) coordinating and overseeing the activities of the
Fund's other third-party service providers; (e) maintaining books and
records of the Fund (exclusive of records required by Section 31(a) of
the 0000 Xxx); and (f) monitoring the tax-efficiency of the Fund.
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 Fund.
2. The Administrator shall be free to render similar services to others so
long as its services hereunder are not impaired thereby.
3. The Fund shall pay the Administrator monthly a fee at the annual rate of
0.xx% of the average daily net assets of the Fund.
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 or Fund, to any shareholder of the Trust or the Fund or to any
other person, firm or organization, for any act or omission in the course
of, or connected with, rendering services hereunder.
LIBERTY TRUST I
on behalf of XXXXX XXX ADVISOR TAX-MANAGED VALUE FUND
By: J. Xxxxx Xxxxxxxxxxx
Title: Treasurer and Chief
Financial Officer
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: Xxxxx Xxxxx
Title: Executive 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 Fund.
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