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Exhibit 99(h)(iv)
ADMINISTRATIVE SERVICES AGREEMENT
This Administrative Services Agreement (this "Agreement") is made as of the
1st day of November, 2000, by and between THE HUNTINGTON FUNDS, a Massachusetts
business trust (the "Trust") and THE HUNTINGTON NATIONAL BANK, a national
banking association (the "Bank")
The parties, intending to be legally bound, hereby agree as follows:
1. Administrative Services. Pursuant to the terms of this Agreement, the Bank
will perform certain administrative services to shareholders of one or more
classes (the "Classes") of one or more series (the "Funds") of the Trust
identified on Schedule A to this Agreement. Administrative services may
include:
(1) establishing and maintaining shareholder accounts and records
pertaining to such accounts;
(2) processing, dividend and distribution payments from the Funds on
behalf of shareholders;
(3) providing periodic shareholder account statements of holdings in each
of the Funds and integrating such information with holdings maintained
in other accounts serviced by Bank;
(4) arranging for bank wires;
(5) responding to shareholder inquiries regarding services performed;
(6) responding to shareholder inquiries regarding their investments;
(7) providing sub-accounting with respect to omnibus accounts held by the
Bank through which shareholders are invested in the Funds and other
sub-accounting requested by the Trust;
(8) where required by law, forwarding shareholder communications from the
Trust (such as proxies, shareholder reports, annual and semi-annual
financial statements, and dividend, distribution and other tax
notices) to shareholders;
(9) assisting in processing purchase, exchange and redemption requests
from shareholders;
(10) assisting in processing changes in shareholder dividend options,
account designations and addresses of record;
(11) processing shareholder participation in systematic investment and
systematic withdrawal programs; and
(12) such other similar services as the Trust may reasonably request to the
extent permitted under applicable law.
2. Compensation. Each applicable Class of each Fund identified on Schedule A
shall pay to the Bank an administrative services fee at an annual rate of
up to 0.25% of the average daily net assets of such Class, accrued daily
and paid quarterly.
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3. Sub-Servicers. From time to time, the Bank may utilize one or more
financial institutions or other organizations (the "Sub-Servicers") to
provide some or all of the administrative services described in this
Agreement. In such event, the Bank will pay the Sub-Servicers all or a
portion of the fees received by the Bank from the Trust for the services
performed by the Sub-Servicers.
4. Term. This Agreement shall be effective as of November 1, 2000, provided
that, as of that date a majority of the Trustees of the Trust who are not
"interested persons" (the "Independent Trustees") shall have approved this
Agreement and determined it to be for services which are not principally
intended to result in the sale of shares of the Funds. This Agreement shall
continue in effect until November 1, 2001, and thereafter for successive
one year periods; provided that, at least annually, a majority of the
Independent Trustees approves such continuance and determines it to be for
services which are not principally intended to result in the sale of shares
of the Funds.
5. Termination. This Agreement may be terminated at any time without penalty
with respect to one or more Classes and/or Funds (i) by a vote of a
majority of the outstanding voting securities of the applicable Class or
Classes of such Fund or Funds, or (ii) by the vote of a majority of the
Independent Trustees.
6. Amendments. Any amendments, modifications, or other changes to this
Agreement shall be made by written instrument signed by both parties.
7. Limit of Liability. The Bank is hereby expressly put on notice of the
limitation of liability as set forth in Article IV of the Trust's
Declaration of Trust and agrees that the obligations pursuant to this
Agreement of a particular Fund and of the Trust with respect to that Fund
shall be limited solely to the assets of that Fund, and the Bank shall not
seek satisfaction of any such obligation from any other Fund, the
shareholders of any Fund, the Trustees, officers, employees or agents of
the Trust, or any of them.
The parties have executed this Agreement as of the date first written above.
THE HUNTINGTON NATIONAL THE HUNTINGTON FUNDS
BANK
By:__________________________ By:__________________________
Name:________________________ Name:________________________
Title:_______________________ Title:_______________________
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Dated: March 1, 2001
EXHIBIT A
to
ADMINISTRATIVE SERVICES AGREEMENT
This Agreement shall apply to Classes of the Funds identified below:
Investment A Trust
Fund Shares Shares
Money Market Fund X X
U.S. Treasury Money Market Fund X X
Ohio Municipal Money Market Fund X X
Florida Tax-Free Money Fund X X
Growth Fund X X
Income Equity Fund X X
Mortgage Securities Fund X X
Ohio Tax-Free Fund X X
Michigan Tax-Free Fund X X
Fixed Income Securities Fund X X
Intermediate Government Income Fund X X
Short/Intermediate Fixed Income Securities Fund N/A X
Dividend Capture Fund X X
International Equity Fund X X
Mid Corp America Fund X X
New Economy Fund X X
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THE HUNTINGTON NATIONAL BANK HUNTINGTON FUNDS
By: /s/ B.R. Xxxxxxx By: /s/ Xxxxxxx X. Xxxxx
_____________________________ ____________________________
Name: B.R. Xxxxxxx Name: Xxxxxxx X. Xxxxx
___________________________ __________________________
Title: Senior Vice President Title: Vice President
__________________________ _________________________
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