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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:
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1. |
The parties hereto entered into a Capital Support Agreement,
dated as of November 8, 2007 (the “Agreement”);
and |
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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 of the Fund at a bank which is a qualified
custodian under the 1940 Act, which may be an interest-bearing
account and/or which account’s assets may be invested into
money market instruments, and which during the term of the
Agreement (i) shall hold cash or cash equivalent securities in
an
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