AMENDMENT NO. 1 TO CAPITAL SUPPORT AGREEMENTEquity Contribution Agreement |
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Exhibit 10.24.1
AMENDMENT NO. 1
TO
CAPITAL SUPPORT AGREEMENT
THIS AMENDMENT NO. 1 (the “Amendment”) to the Capital Support Agreement, effective as of the 15th day of February 2008 (the “Amendment Effective Date”), between SEI Daily Income Trust Prime Obligation Fund (the “Fund”) and SEI Investments Company (the “Support Provider”).
WHEREAS:
| 1. | The parties hereto entered into a Capital Support Agreement, dated as of November 8, 2007 (the “Agreement”); and |
| 2. | The parties hereto desire to amend the Agreement on the terms and subject to the conditions provided herein. |
NOW THEREFORE, in consideration of the premises, covenants, representations and warranties contained herein and intending to be legally bound hereby, the parties hereto agree as follows:
| 1. | Unless otherwise expressly provided herein, capitalized terms shall have the meanings assigned to them in the Agreement. |
| 2. | Section l(e) of the Agreement is hereby deleted in its entirety and replaced as set forth below: |
“Letter of Credit” means one or more letters of credit issued by the Letter of Credit Provider for the benefit of the Fund in an aggregate amount equal to one hundred forty four million dollars ($144,000,000), and which shall terminate no sooner than the date set fourth in Section 3(c)(iv) of this Agreement.
| 3. | Section l(g) of the Agreement is hereby deleted in its entirety and replaced as set forth below: |
“Maximum Contribution Amount” means one hundred fifty million dollars ($150,000,000).
| 4. | A new Section 1(n) is hereby added to the Agreement as set forth below: |
“Segregated Account” means an account established by the Support Provider for the benefit
