FIRST AMENDMENT TO
FIRST AMENDMENT TO
AMENDED AND RESTATED
THIS FIRST AMENDMENT TO AMENDED AND RESTATED SECURITIES LENDING AGREEMENT (“First Amendment”) is made and entered into effective as of December 31, 2013 by and between U.S. Bank National Association (“Bank”) and Baird Funds, Inc. (“Baird”), on behalf of each of its series identified on Exhibit A attached hereto (each such series hereinafter referred to as a separate “Customer”).
WHEREAS, Bank and Baird, on behalf of certain of its series, are parties to that certain Amended and Restated Securities Lending Agreement dated as of December 10, 2010 (“Agreement”); and
WHEREAS, the parties desire to amend the Agreement in the manner set forth herein.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. The final sentence of Section 5 of the Agreement shall hereby be deleted and replaced with the following:
“U.S. Bank shall require that the Borrower provide Collateral for Loaned Securities equal to at least 102% of the Market Value of the Loaned Securities and any accrued interest thereon as of the close of business on each preceding business day.”
2. Exhibit A to the Agreement shall hereby be deleted and replaced by Exhibit A to this First Amendment.
3. Exhibit D to this First Amendment shall hereby be inserted as Exhibit D to the Agreement.
4. The Agreement, including this First Amendment, represents the entire agreement between the parties. Except as modified by this First Amendment, the Agreement remains in full force and effect according to its terms.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the undersigned parties have entered into this First Amendment effective as of the date first above written.
U.S. BANK NATIONAL ASSOCIATION
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By:
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/s/ Xxxxxxx X. Xxxxxxx
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| Name: |
Xxxxxxx X. Xxxxxxx
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Title:
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Head of Securities Lending
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BAIRD FUNDS, INC. on behalf of each
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series thereof listed on Exhibit A hereto
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By:
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/s/ Xxxx Xxxxx Xxxxxx
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| Name: |
Xxxx Xxxxx Xxxxxx
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Title:
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President
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EXHIBIT A
LIST OF FUNDS/PORTFOLIOS
Baird LargeCap Fund
Xxxxx Intermediate Bond Fund
Xxxxx Aggregate Bond Fund
Xxxxx Core Plus Bond Fund
Xxxxx Short-Term Bond Fund
Xxxxx MidCap Fund
Xxxxx Ultra Short Bond Fund
Such other Funds/Portfolios that Baird Funds may establish from time to time
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EXHIBIT D
CUSTOMER INFORMATION SHEET
Please provide the Bank with the following information:
Name: Baird Funds, Inc.
Tax identification number: see below
(for multiple tax identification numbers, please use the bottom half of this page)
Principal place of business: 000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxx 0000
Xxxxxxxxx, XX 00000
State and nation of incorporation or organization: Wisconsin, USA
Address (or the address of
your registered agent) within
state of incorporation or organization: 000 Xxxx Xxxxxxxxx Xxxxxx, XX-XX-X00X
Xxxxxxxxx, XX 00000
If multiple legal entities will be lending securities under this Customer Agreement, please list the name of each entity and its unique tax identification number below (attach additional pages if necessary):
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Tax ID
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Baird LargeCap Fund
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Xxxxx Intermediate Bond Fund
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Xxxxx Aggregate Bond Fund
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Xxxxx Core Plus Bond Fund
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Xxxxx Short-Term Bond Fund
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Xxxxx MidCap Fund
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Xxxxx Ultra Short Bond Fund
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Such other Funds/Portfolios that Baird Funds may establish from time to time
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