EXHIBIT (10B)
SERVICE AGREEMENT
This Agreement made as of the 31st day of December, 1984, by and between
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA ("PRUDENTIAL"), a New Jersey
Corporation, and THE PRUDENTIAL INVESTMENT CORPORATION (the "Company"), a New
Jersey Corporation.
WITNESSETH:
In consideration of the mutual promises of the parties hereto as
hereinafter set forth, the parties hereby agree as follows:
1. Company shall furnish to Prudential such services as Prudential may
require in connection with the investment of its own funds and in
connection with the performance of its obligations to provide investment
advisory services to clients which are not registered investment
companies.
2. Prudential desires that services hereunder be performed only by officers
and employees of Company who have appropriate qualifications. Company
agrees to provide to Prudential such information as Prudential may
reasonably request concerning the education and experience of
individuals who it proposes to assign to the performance of such
services and agrees, further, that it will make no such assignment if
such qualifications are not acceptable to Prudential.
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3. Prudential shall reimburse Company for costs and expenses incurred by
Company in furnishing services hereunder, such costs and expenses to be
determined in a manner acceptable to Prudential. Bills shall be rendered
by Company at least quarterly and shall be paid by Prudential within
thirty (30) days after receipt thereof.
4. This Agreement may be terminated by either party at any time upon not
less than fifteen (15) days prior written notice to the other party.
IN WITNESS WHEREOF, the parties hereto have caused these presents to be
signed by their duly authorized officers and attested by their respective
secretaries or assistant secretaries under their respective seals, all as of the
date first written above.
(SEAL) (SEAL)
THE PRUDENTIAL INSURANCE THE PRUDENTIAL INVESTMENT
COMPANY OF AMERICA CORPORATION
By /s/ By /s/
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Attest: Attest:
/s/ /s/
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Asst. Secretary Secretary
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