FOURTH AMENDMENT TO SECURITIES LENDING AUTHORIZATION AGREEMENT BETWEEN THE CREDIT SUISSE FUNDS LISTED ON SCHEDULE B AND STATE STREET BANK AND TRUST COMPANY
Exhibit 99.(h)(11)
FOURTH
AMENDMENT TO
SECURITIES LENDING AUTHORIZATION AGREEMENT
BETWEEN
THE CREDIT SUISSE FUNDS LISTED ON SCHEDULE B
AND
STATE STREET BANK AND TRUST COMPANY
This Fourth Amendment (this “Amendment”) dated July 16, 2007 is between each of the Credit Suisse Funds listed on Schedule B to the Agreement as defined below, on behalf of itself or each of its portfolios, if any, listed on Schedule B, severally and not jointly (each a “Fund” and collectively, the “Funds”) and STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company, its affiliates or subsidiaries (“State Street”).
Reference is made to a Securities Lending Authorization Agreement dated March 17, 2004 between the Funds and State Street, as otherwise amended, and as in effect on the date hereof prior to giving effect to this Amendment (the “Agreement”).
WHEREAS, the Funds and State Street both desire to amend the Agreement to provide for a revised fee split.
NOW THEREFORE, for value received, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties mutually agree to amend the Agreement in the following respects:
1. Definitions. All terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.
2. Amendments.
(i) The Agreement is hereby amended by deleting Schedule A thereto in its entirety and substituting the Schedule A attached to this Amendment in its place.
(ii) The Agreement is hereby amended by deleting Schedule B thereto in its entirety and substituting the Schedule B attached to this Amendment in its place.
3. Miscellaneous. Except to the extent specifically amended by this Amendment, the provisions of the Agreement shall remain unmodified. This Amendment shall be construed in accordance with the laws of The Commonwealth of Massachusetts.
4. Effective Date. This Amendment shall be effective as of the date first written above, with the exception of Section 2(i) regarding the revised fee split, which shall be effective as of April 1, 2007.
IN WITNESS WHEREOF, the parties hereto execute this Amendment as an instrument under seal by their duly authorized officers by affixing their signatures below.
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The CREDIT SUISSE FUNDS listed on Schedule B, severally and not jointly |
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STATE STREET BANK AND TRUST COMPANY |
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By: |
/s/ Xxxxxxx X. Xxxxxxxxx |
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By: |
/s/ Xxxxxxx X. Xxx |
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Name: |
Xxxxxxx X. Xxxxxxxxx |
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Name: |
Xxxxxxx X. Xxx |
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Title: |
CFO |
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Title: |
Sr. Managing Director |
2
Schedule A
Effective April 1, 2007
This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 17th day of March 2004 between the CREDIT SUISSE FUNDS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”).
Schedule of Fees
1. Subject to Paragraph 2 below, all proceeds collected by State Street on investment of cash Collateral or any fee income shall be allocated as follows:
· Eighty percent (80%) payable to the Fund, and
· Twenty percent (20%) payable to State Street.
2. All payments to be allocated under Paragraph 1 above shall be made after deduction of such other amounts payable to State Street or to the Borrower under the terms of this Securities Lending Authorization Agreement.
3. Cash Collateral will be invested in the State Street Navigator Securities Lending Prime Portfolio (the “Portfolio”) and on an annualized basis, the management/trustee/custody/fund administration/transfer agent fee for investing cash Collateral in the State Street Navigator Securities Lending Prime Portfolio is not more than 5.00 basis points netted out of yield. The Board of Trustees of the Portfolio may pay out of the assets of the Portfolio all reasonable expenses and fees of the Portfolio, including professional fees or disbursements incurred in connection with the operation of the Portfolio.
Schedule B
Effective July 2007
This Schedule is attached to and made part of the Securities Lending Authorization Agreement,
dated the 17th day of March 2004 between the CREDIT SUISSE FUNDS LISTED ON
SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and
STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.
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Company |
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Portfolio |
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Tax ID |
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Tax |
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Credit Suisse Emerging Markets Fund, Inc. |
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n/a |
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133762717 |
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10/31 |
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International Focus Portfolio |
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137066581 |
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12/31 |
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Emerging Markets Portfolio |
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133890449 |
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12/31 |
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Large Cap Value Portfolio |
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137125856 |
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12/31 |
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Global Small Cap Portfolio |
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133890452 |
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12/31 |
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|
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Mid Cap Core Portfolio |
|
134042374 |
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12/31 |
|
|
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Small Cap Core I Portfolio |
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133839332 |
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12/31 |
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|
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Blue Chip Portfolio |
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134181634 |
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12/31 |
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Commodity Return Strategy Portfolio |
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00-0000000 |
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12/31 |
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|
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Credit Suisse Institutional Fund, Inc. |
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International Focus Portfolio |
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510342100 |
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10/31 |
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Asia Bond Portfolio |
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208572448 |
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10/31 |
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|
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|
|
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Credit Suisse International Focus Fund, Inc. |
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n/a |
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133908188 |
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10/31 |
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|
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|
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Credit Suisse Japan Equity Fund, Inc. |
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n/a |
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133859605 |
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10/31 |
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Credit Suisse Global Small Cap Fund, Inc. |
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n/a |
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133904202 |
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10/31 |
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Credit Suisse Global Fixed Income Fund, Inc. |
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n/a |
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133589438 |
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10/31 |
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Credit Suisse Small Cap Core Fund |
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n/a |
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133666127 |
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10/31 |
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Credit Suisse Large Cap Value Fund |
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n/a |
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133666126 |
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10/31 |
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Credit Suisse High Income Fund |
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n/a |
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134042415 |
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10/31 |
1
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Credit Suisse Large Cap Blend Fund, Inc. |
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n/a |
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510380617 |
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12/31 |
|
|
|
|
|
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|
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Credit Suisse Large Cap Growth Fund |
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n/a |
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521532243 |
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10/31 |
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|
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Credit Suisse Mid-Cap Core Fund, Inc. |
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n/a |
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521549085 |
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10/31 |
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Credit Suisse Global High Yield Fund, Inc. |
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n/a |
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510342407 |
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12/31 |
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Credit Suisse Commodity Return Strategy Fund |
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n/a |
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061734448 |
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10/31 |
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Credit Suisse Absolute Return Fund |
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n/a |
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753214285 |
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10/31 |
2
