RE: Waiver of Fees and Reimbursement of ExpensesSei Liquid Asset Trust • August 30th, 2005
This letter shall constitute an agreement (the “Agreement”) between SEI Investments Fund Management (the “Administrator”) and SEI Liquid Asset Trust (the “Trust”). The Administrator, which acts as administrator to the portfolios of the Trust, agrees to waive its administration fees and/or to reimburse expenses of the Treasuries Securities Fund, Government Securities Fund, Prime Obligation Fund and Money Market Fund of the Trust (each a “Fund” and, collectively, the “Funds”) as necessary to keep total operating expenses (excluding interest, taxes and certain non-routine expenses) of the Funds from exceeding the following annual rates:
