Exhibit l
PURCHASE AGREEMENT
Credit Suisse Institutional Money Market Fund, Inc. (the
"Fund"), a corporation organized under the laws of the State of Maryland, and
Credit Suisse Asset Management, LLC ("CSAM") hereby agree as follows:
1. The Fund offers CSAM and CSAM hereby purchases 100,000
shares of common stock of the Fund, which shall consist of 9,995 Class A Shares
of the Government Portfolio, one Class B Share of the Government Portfolio, one
Class C Share of the Government Portfolio, one Class A Share of the Prime
Portfolio, one Class B Share of the Prime Portfolio, and One Class C Share of
the Prime Portfolio, each having a par value $.001 per share (the "Shares"), at
a price of $1.00 per Share (the "Initial Shares"). CSAM hereby acknowledges
receipt of certificates representing the Initial Shares and the Fund hereby
acknowledges receipt from CSAM of $100,000.00 in full payment for the Initial
Shares.
2. CSAM represents and warrants to the Fund that the
Initial Shares are being acquired for investment purposes and not for the
purpose of distributing them.
3. CSAM agrees that if any holder of the Initial Shares
redeems such Shares in the Fund before one year after the date upon which the
Fund commences its investment activities, the redemption proceeds will be
reduced by the amount of unamortized organizational and offering expenses, in
the same proportion as the Initial Shares being redeemed bears to the Initial
Shares outstanding at the time of redemption. The parties hereby acknowledge
that any Shares acquired by CSAM other than the Initial Shares have not been
acquired to fulfill the requirements of Section 14 of the Investment Company Act
of 1940, as amended, and, if redeemed, their redemption proceeds will not be
subject to reduction based on the unamortized organizational and offering
expenses of the Fund.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the ____ day of ________________, 2001.
CREDIT SUISSE INSTITUTIONAL
MONEY MARKET FUND, INC.
By:
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Name:
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Title:
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ATTEST:
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CREDIT SUISSE ASSET MANAGEMENT, LLC
By:
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Name:
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Title:
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ATTEST:
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