MANAGEMENT FEE WAIVER AGREEMENTManagement Fee Waiver Agreement • September 27th, 2017 • T. Rowe Price Institutional Income Funds, Inc.
THIS MANAGEMENT FEE WAIVER AGREEMENT (the “Agreement”), effective as of April 1, 2017, is entered into between T. Rowe Price Associates, Inc., a corporation organized and existing under the laws of the State of Maryland (the “Manager”), and each of the funds listed on Exhibit A, each of which is a corporation or series of a corporation organized and existing under the laws of the State of Maryland, or a series of a trust organized and existing under the laws of the Commonwealth of Massachusetts (each a “Fund” and collectively, the “Funds”).
