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Administrative Services Agreement

 

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Title:

Administrative Services Agreement

Entities:

B T Insurance Funds Trust

Date:

2007

Size:

Preview shows 9KB of 32KB total

Price:

$35

ID:

#2879875

 

 

► Services ► Administrative Services Agreements

 

 

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ADMINISTRATIVE SERVICES AGREEMENT

AGREEMENT, dated as of June 1, 2006, among DWS Investments VIT Funds, a Massachusetts business trust (the Trust), on its own behalf and on behalf of each of the Funds listed on Schedule I to this Agreement (each a Fund and together, the Funds), and Deutsche Investment Management Americas Inc., a Delaware corporation (the Administrator), effective with respect to each Fund as of the date set out with respect to such Fund on Schedule I to this Agreement, as may be amended from time to time.

WHEREAS, the Trust is engaged in business as an open-end investment company registered under the Investment Company Act of 1940, as amended (the Investment Company Act); and

WHEREAS, the Trust desires to retain the Administrator and its permitted designees to provide certain administrative and fund accounting (the Services) to the Trust and the Funds on the terms set out in this Agreement, and the Administrator and its designees are willing to provide the Services to the Trust and each Fund on the terms set out in this Agreement.

NOW, THEREFORE, in consideration of the premises and the covenants contained in this Agreement, the Trust, each Fund, and the Administrator agree as follows:

 

1.

Appointment and Services.

(a)          The Trust appoints the Administrator to provide the administrative services set out in Appendix A to this Agreement (the Administrative Services) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Administrative Services for the compensation set out in this Agreement.

(b)          The Trust appoints the Administrator to provide the fund accounting services set out in Appendix B to this Agreement (the Fund Accounting Services) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Fund Accounting Services for the compensation set out in this Agreement.

 

2.

Fees.

(a)          For all Administrative Services and Fund Accounting Services provided under this Agreement, the Administrator will be compensated as set out on Appendix C.

(b)          The Administrator may from time to time agree not to impose all or a portion of its fee otherwise payable under this Agreement and/or undertake to pay or reimburse the Trust for all or a portion of its expenses not otherwise required to be paid by or reimbursed by the Administrator. Unless otherwise agreed, any fee reduction or undertaking may be discontinued or modified by the Administrator at any time. For the month and year in which this Agreement becomes effective or terminates, there will be an appropriate pro ration of any fee based on the number of days that the Agreement is in effect during such month and year, respectively.

 

(c)          The Administrator will not be required to pay expenses of any activity which is primarily intended to result in the sale of shares of a Fund if and to the extent that (i) such expenses are required to be borne by a principal underwriter which acts as the distributor of a Funds shares pursuant to an underwriting agreement which provides that the underwriter shall assume some or all of such expenses, or (ii) the Trust on behalf of a Fund will have adopted a plan in conformity with Rule 12b-1 under the Investment Company Act providing that a Fund (or some other party) will assume some or all of such expenses. The payment of any fees pursuant to a Plan, for each class, is subject to and contingent upon, the continued effectiveness of a duly adopted Plan authorizing the payment for such class.

 

3.

Expenses.

(a)          Except as otherwise provided in this Agreement, the Administrator will pay all costs it incurs in connection with the performance of its duties under this Agreement. The Administrator will pay the compensation and expenses of all of its personnel and will make available, without expense to the Trust, the services of its officers and employees as may duly be elected officers or Trustees of the Trust, subject to their individual consent to serve and to any limitations imposed by law.


 

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