EXPENSE REIMBURSEMENT AGREEMENT
Exhibit 99.(d)(ii)
EXPENSE REIMBURSEMENT AGREEMENT
This Expense Reimbursement Agreement (this “Agreement”) is made and entered into as of this 1st day of November 2008 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. (the “Fund”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
1. Lord Xxxxxx agrees to bear directly and/or reimburse the Fund for expenses if and to the extent that Total Operating Expenses exceed or would otherwise exceed a particular annual rate of the average daily net assets of the Fund’s Class A, B, C, and I shares, as relevant, for the time period set forth in paragraph 2 below. The applicable rates for the Fund are shown below:
Class A |
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Class B |
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Class C |
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Class I |
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0.75 |
% |
1.50 |
% |
0.75 |
% |
0.75 |
% |
2. Lord Xxxxxx’x commitment described in paragraph 1 will be effective from November 1, 2008 through October 31, 2009.
IN WITNESS WHEREOF, Lord Xxxxxx and the Fund have caused this Agreement to be executed by a duly authorized member and officer, respectively, to become effective as of the day and year first above written.
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LORD XXXXXX U.S. GOVERNMENT & GOVERNMENT |
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SPONSORED
ENTERPRISES MONEY MARKET FUND, |
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By: |
/s/ Xxxxxx X. Xxxxxxxx |
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Xxxxxx X. Xxxxxxxx |
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Vice President and Assistant Secretary |
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LORD, XXXXXX & CO. LLC |
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By: |
/s/ Xxxxxxxx X. Xxxxxx |
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Xxxxxxxx X. Xxxxxx |
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Member and General Counsel |