EXPENSE REIMBURSEMENT AGREEMENT
Exhibit 99.(xxii)
EXPENSE REIMBURSEMENT AGREEMENT
This Expense Reimbursement Agreement (this “Agreement”) is made and entered into this 14th day of December 2007 between Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”) and Lord ▇▇▇▇▇▇ Investment Trust (“Investment Trust”) with respect to the Lord ▇▇▇▇▇▇ Floating Rate Fund (the “Fund”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
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1. |
With respect to the Fund, Lord ▇▇▇▇▇▇ agrees to bear directly and/or reimburse the Fund for expenses if and to the extent that Total Operating Expenses exceed or would otherwise exceed an annual rate of (a) seventy-five basis points (0.75%) for Class A shares of the Fund, (b) one hundred forty basis points (1.40%) for Class B shares of the Fund, (c) one hundred forty basis points (1.40%) for Class C shares of the Fund, (d) fifty basis points (0.50%) for Class F shares of the Fund, (e) forty basis points (0.40%) for Class I shares of the Fund, (f) one hundred basis points (1.00%) for Class R2 shares of the Fund, and (h) ninety basis points (0.90%) for Class R3 shares of the Fund of the average daily net assets in the Fund for the time period set forth in paragraph 2 below. |
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2. |
Lord ▇▇▇▇▇▇’▇ commitments described in paragraph 1 will be effective from December 14, 2007 through March 31, 2009. |
IN WITNESS WHEREOF, Lord ▇▇▇▇▇▇ and Investment Trust have caused this Agreement to be executed by a duly authorized member and officer, respectively, on the day and year first above written.
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LORD ▇▇▇▇▇▇ INVESTMENT TRUST |
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By: |
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ |
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ |
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Vice President and Assistant Secretary |
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LORD, ▇▇▇▇▇▇ & CO. LLC |
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By: |
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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Member and General Counsel |
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