EXHIBIT (1)
PURCHASE AGREEMENT
Credit Suisse Institutional Money Market Fund, Inc. (the
"Fund"), a corporation organized under the laws of the State of Maryland, and
Credit Suisse Asset Management, LLC ("CSAM") hereby agree as follows:
1. The Fund offers CSAM and CSAM hereby purchases
100,000 shares of common stock of the Fund, which shall consist of 9,995 Class A
Shares of the Government Portfolio, one Class B Share of the Government
Portfolio, one Class C Share of the Government Portfolio, one Class A Share of
the Prime Portfolio, one Class B Share of the Prime Portfolio, and One Class C
Share of the Prime Portfolio, each having a par value $.001 per share (the
"Shares"), at a price of $1.00 per Share (the "Initial Shares"). CSAM hereby
acknowledges receipt of certificates representing the Initial Shares and the
Fund hereby acknowledges receipt from CSAM of $100,000.00 in full payment for
the Initial Shares.
2. CSAM represents and warrants to the Fund that the
Initial Shares are being acquired for investment purposes and not for the
purpose of distributing them.
3. CSAM agrees that if any holder of the Initial Shares
redeems such Shares in the Fund before one year after the date upon which the
Fund commences its investment activities, the redemption proceeds will be
reduced by the amount of unamortized organizational and offering expenses, in
the same proportion as the Initial Shares being redeemed bears to the Initial
Shares outstanding at the time of redemption. The parties hereby acknowledge
that any Shares acquired by CSAM other than the Initial Shares have not been
acquired to fulfill the requirements of Section 14 of the Investment Company Act
of 1940, as amended, and, if redeemed, their redemption proceeds will not be
subject to reduction based on the unamortized organizational and offering
expenses of the Fund.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the 2nd day of October, 2001.
CREDIT SUISSE INSTITUTIONAL MONEY
MARKET FUND, INC.
By: /s/ Xxx Xxxxxx
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Name: Xxx Xxxxxx
Title: Vice President and Secretary
ATTEST:
Xxxxxx X. Xxxxxx
CREDIT SUISSE ASSET MANAGEMENT, LLC
By: Xxx Xxxxxx
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Name: Xxx Xxxxxx
Title: Managing Director
ATTEST:
Xxxxxx X. Xxxxxx
