NORTHERN FUNDS
ADDENDUM NO. 11 TO THE CUSTODIAN AGREEMENT
This Addendum No. 11, dated as of the 31st day of July, 2000, is entered
into between NORTHERN FUNDS (the "Trust"), a Delaware business trust, and THE
NORTHERN TRUST COMPANY ("Northern"), an Illinois state bank.
WHEREAS, the Trust and Northern have entered into a Custodian Agreement
dated as of April 1, 1994, as amended by Addendum No. 1 dated November 29, 1994,
Addendum No. 2 dated March 29, 1996, Addendum No. 3 dated August 7, 1996,
Addendum No. 4 dated August 6, 1996, Addendum No. 5 dated March 24, 1995,
Addendum No. 6 dated February 12, 1997, Addendum No. 7 dated November 18, 1997,
Addendum No. 8 dated December 21, 1998, Addendum No. 9 dated September 15, 1999
and Xxxxxxxx Xx. 00 dated December 28, 1999 (the "Custodian Agreement"),
pursuant to which the Trust has appointed Northern to act as custodian to the
Trust for its Money Market Fund, U.S. Government Money Market Fund, Municipal
Money Market Fund, U.S. Government Select Money Market Fund, California
Municipal Money Market Fund, U.S. Government Fund, Fixed Income Fund,
Intermediate Tax-Exempt Fund, Tax-Exempt Fund, Income Equity Fund, Growth Equity
Fund, Select Equity Fund, Small Cap Value Fund (formerly known as the Small Cap
Fund), Technology Fund, Stock Index Fund, Florida Intermediate Tax-Exempt Fund,
Short-Intermediate U.S. Government Fund, California Intermediate Tax-Exempt
Fund, Arizona Tax-Exempt Fund, California Tax-Exempt Fund, Small Cap Index Fund,
Mid Cap Growth Fund, High Yield Municipal Fund, High Yield Fixed Income Fund,
Tax-Exempt Money Market Fund, Small Cap Growth Fund and the Blue Chip 20 Fund
(collectively, the "Funds"); and
WHEREAS, the Trust has this date reorganized itself from a Massachusetts
business trust to a Delaware business trust; and
WHEREAS, the Trust and Northern desire that Northern continue to act as
custodian to the Trust for the Funds pursuant to the terms of the Custodian
Agreement as amended to date;
NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. RESTATEMENT. Section 17 of the Custodian Agreement is hereby amended
and restated as follows:
MISCELLANEOUS. The Trust's Agreement and Declaration of Trust is
on file with the Trust. The captions in this Agreement are
included for convenience of reference only and in no way define
or delimit any of the provisions hereof or otherwise affect their
construction or effect. If any provision of this Agreement shall
be held or made invalid by a court
decision, statute, rule or otherwise, the remainder of this
Agreement shall not be affected thereby. Any provision in this
Agreement requiring compliance with any statute or regulation
shall mean such statute or regulation as amended and in effect
from time to time. This Agreement shall be construed in
accordance with the laws of the State of Illinois (except as to
Section 18 hereof which shall be construed in accordance with the
laws of The State of Delaware) and shall be binding upon and
shall inure to the benefit of the parties hereto and their
respective successors.
2. REAFFIRMATION. The Custodian Agreement as amended to date is hereby
reaffirmed and readopted by each of the parties hereto, and Northern
shall continue to provide services to the Trust for the Funds, and to
receive compensation for such services, as provided in the Custodian
Agreement, subject to the terms set forth therein.
3. MISCELLANEOUS. Except to the extent supplemented hereby, the Custodian
Agreement shall remain unchanged and in full force and effect, and is
hereby ratified and confirmed in all respects as supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of the
date and year first above written.
NORTHERN FUNDS
Attest: /s/ Xxxxx Xxxxxxxx
By: /s/ Xxxxxxxxx Xxxx
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Name: Xxxxxxxxx Xxxx
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Title: Vice-President
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THE NORTHERN TRUST COMPANY
Attest: /s/ Xxxxx Xxxxxxxx
By: /s/ Xxxxxxxxx Xxxx
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Name: Xxxxxxxxx Xxxx
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Title: Senior Vice-President
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