Delaware Management Company 2005 Market Street Philadelphia, PA 19103 August __, 2006 Voyageur Mutual Funds III 2005 Market Street Philadelphia, PA 19103 Re: Expense Limitation Ladies and Gentlemen: By our execution of this letter agreement (the...Expense Limitation Agreement • August 25th, 2006 • Voyageur Mutual Funds Iii /Mn/
By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Management Company, a series of Delaware Management Business Trust (the "Advisor"), agrees that in order to improve the performance of the Delaware Select Growth Fund (the "Fund"), which is a series of Voyageur Mutual Funds III, the Advisor shall waive all or a portion of its investment advisory fees and/or reimburse expenses (excluding any Rule 12b-1 plan expenses, taxes, interest, brokerage fees, certain insurance costs and extraordinary expenses) in an aggregate amount equal to the amount by which the Fund's total operating expenses (excluding any 12b-1 plan expenses, taxes, interest, brokerage fees, certain insurance costs and extraordinary expenses) exceeds 1.23% for the period September 1, 2006 through August 31, 2007.
Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103 August __, 2006 Voyageur Mutual Funds III 2005 Market Street Philadelphia, PA 19103 Re: Expense Limitations Ladies and Gentlemen: By our execution of this letter agreement (the...Expense Limitations Agreement • August 25th, 2006 • Voyageur Mutual Funds Iii /Mn/
By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Distributors, L.P. (the "Distributor") agrees that in order to improve the performance of the Delaware Select Growth Fund (the "Fund"), which is a series of Voyageur Mutual Funds III, the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees for Class R Shares so that such Rule 12b-1 (distribution) fees for the Fund will not exceed 0.50% for the period September 1, 2006 through August 31, 2007.
