AMENDMENT No. 2 TO ADMINISTRATION AND FUND ACCOUNTING AGREEMENT
Exhibit 99.(h)(1)(c)
AMENDMENT No. 2 TO
ADMINISTRATION AND FUND ACCOUNTING AGREEMENT
AMENDMENT made as of the 1st day of July 2012, to that certain Administration and Fund Accounting Agreement entered into as of August 31, 2007, as amended July 1, 2009, (the “Agreement”) by and between (i) The Victory Institutional Funds, a Delaware statutory trust (the “Trust”) on behalf of those investment company portfolios listed on Schedule D which may be amended from time to time (each, a “Fund” and, together, the “Funds”) in the case of both the Trusts and the Funds, individually and not jointly, and (ii) Victory Capital Management Inc. (“VCM”), a New York corporation. All capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.
WHEREAS, VCM acts as administrator and fund accountant for the Funds; and
WHEREAS, the Trust and VCM wish to enter into this Amendment to the Agreement to extend the term of the Agreement for a period of three years, and to revise the notice provisions.
NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter contained and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, intending to be legally bound, VCM and the Trust hereby agree as follows:
1. The term of the Agreement is extended through June 30, 2015 (such period, a “Rollover Period”), subject to termination as otherwise provided in the Agreement. In the event of termination of the Agreement by the Trust, there shall be no obligation to pay liquidated damages.
2. Section 18 of the Agreement is amended and restated as follows:
“Any notice provided hereunder shall be sufficiently given when sent by registered or certified mail to the party required to be served with such notice at the following address: if to VCM, to it at Victory Capital Management Inc., 0000 Xxxxxxxx Xxxx, Xxxxxxxx, Xxxx 00000, Attn: President, with a copy to Xxxx Xxxxxxxxx, Esq., 000 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxx 00000; if to the Trust, to The Victory Institutional Funds, 0000 Xxxxxxx Xxxx, Xxxxxxxx, Xxxx 00000, Attn: Chairman of the Board, with a copy to Xxxxxxxx & Xxxxxxxx LLP, 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attn: Xxx X. Xxxxx, Esq.; or at such other address as such party may from time to time specify in writing to the other party pursuant to this Section.”
3. In all other respects, the Agreement is hereby ratified, confirmed, and continued.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day and year first above written.
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VICTORY CAPITAL MANAGEMENT INC. |
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By: |
/s/ Xxxxxxx X. Xxxxxxxxx |
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Name: |
Xxxxxxx X. Xxxxxxxxx XX |
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Title: |
Senior Managing Director |
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THE VICTORY INSTITUTIONAL FUNDS, on behalf of its Funds, individually and not jointly | |||
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By: |
/s/ Xxxxxxx X. Xxxxxxxxx |
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Name: |
Xxxxxxx X. Xxxxxxxxx XX |
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Title: |
President |
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