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EXHIBIT 9(i)
MASTER ADMINISTRATIVE SERVICES AGREEMENT
ADMINISTRATIVE SERVICES AGREEMENT (the "Agreement"), dated as of the 18th
day of October, 1993 by and between A I M ADVISORS, INC., a Delaware
corporation (the "Administrator"), and SHORT-TERM INVESTMENTS TRUST, a Delaware
trust (the "Company"), with respect to the separate series set forth from time
to time in Appendix A to this Agreement (the "Portfolios").
WITNESSETH:
WHEREAS, the Company is an open-end investment company registered under
the Investment Company Act of 1940, as amended (the "1940 Act"); and
WHEREAS, the Company, on behalf of the Portfolios, has retained the
Administrator to provide investment advisory services pursuant to a Master
Investment Advisory Agreement which provides that the Administrator may perform
(or arrange for the performance of) accounting, shareholder servicing and other
administrative services as well as investment advisory services to the
Portfolios, and that the Administrator may receive reasonable compensation or
may be reimbursed for its costs in providing such additional services, upon the
request of the Board of Trustees and upon a finding by the Board of Trustees
that the provision of such services is in the best interests of the Portfolios
and their shareholders; and
WHEREAS, the Board of Trustees has found that the provision of such
administrative services is in the best interest of the Portfolios and their
shareholders, and has requested that the Administrator perform such services;
NOW, THEREFORE, the parties hereby agree as follows:
1. The Administrator hereby agrees to provide, or arrange for the
provision of, any or all of the following services by the Administrator or its
affiliates:
(a) the services of a principal financial officer of the Company
(including related office space, facilities and equipment) whose normal
duties consist of maintaining the financial accounts and books and records
of the Company and the Portfolios, including the review of daily net asset
value calculations and the preparation of tax returns; and the services
(including related office space, facilities and equipment) of any of the
personnel operating under the direction of such principal financial
officer,
(b) the services of staff to respond to shareholder inquiries
concerning the status of their accounts; providing assistance to
shareholders in exchanges among the mutual funds managed or advised by the
Administrator, changing account designations or changing addresses;
assisting in the purchase or redemption of shares of the Portfolios;
supervising the operations of the custodian(s), transfer agent(s) or
dividend agent(s) for the Portfolios; or otherwise providing services to
shareholders of the Portfolios; and
(c) such other administrative services as may be furnished from time
to time by the Administrator to the Company or the Portfolios at the
request of the Company's Board of Trustees.
2. The services provided hereunder shall at all times be subject to the
direction and supervision of the Company's Board of Trustees.
3. As full compensation for the services performed and the facilities
furnished by or at the direction of the Administrator, the Portfolios shall
reimburse the Administrator for expenses incurred by them or their affiliates
in accordance with the methodologies established from time to time by the
Company's Board of Trustees. Such amounts shall be paid to the Administrator
on a quarterly basis.
4. The Administrator shall not be liable for any error of judgment or for
any loss suffered by the Company or the Portfolios in connection with any
matter to which this Agreement relates, except a loss resulting from the
Administrator's willful misfeasance, bad faith or gross negligence in the
performance of its duties or from reckless disregard of its obligations and
duties under this Agreement.
5. The Company and the Administrator each hereby represent and warrant,
but only as to themselves, that each has all requisite authority to enter into,
execute, deliver and perform its obligations under this Agreement and that this
Agreement is legal, valid and binding, and enforceable in accordance with its
terms.
6. Nothing in this Agreement shall limit or restrict the rights of any
trustee, officer or employee of the Administrator who may also be a trustee,
officer or employee of the Company to engage in any other business or to
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devote his time and attention in part to the management or other aspects of any
business, whether of a similar or a dissimilar nature, nor limit or restrict
the right of the Administrator to engage in any other business or to render
services of any kind to any other corporation, firm, individual or association.
7. This Agreement shall continue in effect until June 30, 1994, and shall
continue in effect from year to year thereafter, provided that such continuance
is specifically approved at least annually:
(a)(i) by the Company's Board of Trustees or (ii) by the vote of a
majority of the outstanding voting securities of the Company (as defined
in Section 2(a) (42) of the 0000 Xxx); and
(b) by the affirmative vote of a majority of the Company's trustees
who are not parties to this Agreement or interested persons of a party to
this Agreement, by votes cast in person at a meeting specifically called
for such purpose.
This Agreement shall terminate automatically in the event of its
assignment (as defined in Xxxxxxx 0 (x) (0) xx xxx 0000 Xxx) or, with respect
to one or more Portfolios in the event of termination of the Master Investment
Advisory Agreement relating to such Portfolio(s) between the Company and the
Administrator.
8. This Agreement may be amended or modified with respect to one or more
Portfolios, but only by a written instrument signed by both the Company and the
Administrator.
9. Any notice or other communication required to be given pursuant to
this Agreement shall be deemed duly given if delivered or mailed by registered
mail, postage prepaid, (a) to the Administrator at Eleven Xxxxxxxx Xxxxx, Xxxxx
0000, Xxxxxxx, Xxxxx 00000, Attention: President, with a copy to the General
Counsel, or (b) to the Company at Eleven Xxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx,
Xxxxx 00000, Attention: President, with a copy to the General Counsel.
10. This Agreement contains the entire agreement between the parties
hereto and supersedes all prior agreements, understandings and arrangements
with respect to the subject matter hereof.
11. This Agreement shall be governed by and construed in accordance with
the laws of the State of Texas.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed by their officers designated below as of the day and year first above
written.
A I M ADVISORS, INC.
Attest:
/s/ XXXXX X. XXXXXX By: /s/ XXXXXX X. XXXXXX
------------------------------------- -----------------------------------
Assistant Secretary President
(SEAL)
SHORT-TERM INVESTMENTS TRUST
Attest:
/s/ XXXXX X. XXXXXX By: /s/ XXXXXXX X. XXXXX
------------------------------------- -----------------------------------
Assistant Secretary President
(SEAL)
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SHORT-TERM INVESTMENTS TRUST
APPENDIX A TO MASTER ADMINISTRATIVE SERVICES AGREEMENT
October 18, 1993
Treasury TaxAdvantage Portfolio
Institutional Class
Treasury Portfolio
Institutional Class
Private Investment Class
Personal Investment Class
Cash Management Class
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