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. The Company shall furnish to Prudential such services as Prudential
may require in connection with Prudential's performance of its
obligations under its advisory or subadvisory agreements relating to
its clients which are registered investment companies ("Clients").
2. Prudential will continue to have responsibility for all investment
advisory services under its advisory or subadvisory agreements with
respect to its Clients.
3. Prudential shall reimburse the Company for costs and expenses incurred
by the Company, determined in a manner acceptable to Prudential, in
furnishing the services described in paragraph 1 above.
4. This Agreement may be terminated by either party at any time upon not
less than thirty (30) days prior written notice to the other party,
but will terminate automatically in the event of its assignment. No
such termination will affect the terms of the
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advisory or subadvisory agreement relating to any Client. In the event
of the assignment or termination of Prudential's advisory or
subadvisory contract with respect to a particular Client, this
Agreement will terminate automatically as to such Client.
5. This Agreement shall continue in effect as to a particular Client for
a period of more than two years from its execution only so long as
such continuance is specifically approved at least annually in
accordance with the requirements of the Investment Company Act of 1940
applicable to continuation of advisory contracts.
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/ Xxxxxxx X. Xxxxxx By /s/ Xxxxxxx X. Xxxxx
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Attest: Attest:
By /s/ Xxxxxx X. Xxxx By /s/ Xxxxxxx X. Xxxxx
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Asst. Secretary Asst. Secretary
