EX-99.(6)(C) 6 exhibit6c_ex-99z6c.htm FEE REDUCTION AGREEMENT

EXHIBIT (6)(c) 

 

FEE REDUCTION AGREEMENT

 

 

AGREEMENT made as of this 1st day of May 2018 between Eaton Vance New York Municipal Bond Fund (the “Fund”) and Eaton Vance Management (the “Adviser”).

 

WHEREAS, the Fund has entered into an Investment Advisory Agreement (“Advisory Agreement”) with the Adviser, which Advisory Agreement provides that the Adviser shall be entitled to receive an asset-based fee payable at a specified rate based on the Fund’s average weekly gross assets (average gross assets);

 

WHEREAS, at the request of the Independent Trustees of the Fund, the Adviser has agreed to reduce its advisory fee as described below and the Adviser and the Fund wish to memorialize such agreement in writing; and

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, receipt of which is hereby acknowledged, the Fund and the Adviser hereby agree as follows:

 

1.Commencing May 1, 2018, EVM will reduce the advisory fee payable under the Advisory Agreement to an amount equal to 0.60% annually of the average weekly gross assets of the Trust.

 

2.This Agreement only may be terminated or amended upon the mutual written consent of a Fund and the Adviser; provided, however, that (i) no termination of this Agreement shall be effective unless approved by the majority vote of those Trustees of the Fund who are not interested persons of the Adviser or the Fund (the Independent Trustees) and by the vote of a majority of the outstanding voting securities of the Fund; (ii) no amendment of this Agreement shall be effective unless approved by the majority vote of the Independent Trustees; and (iii) no amendment of this Agreement that decreases the fee reductions set forth herein shall be effective unless approved by the vote of a majority of the outstanding voting securities of the Fund;

 

3.For purposes of this Agreement the term “vote of a majority of the outstanding voting securities of a Fund” shall the meaning specified in the Declaration of Trust of the Fund; and

 

4.This instrument is executed under seal and shall be governed by Massachusetts law.

 

IN WITNESS WHEREOF, this Agreement has been executed as of the date set forth above by a duly authorized officer of each party.

 

Eaton Vance New York Municipal Bond Fund

 

 

By: /s/ Maureen A. Gemma

Maureen A. Gemma

Vice President

Eaton Vance Management

 

 

By: /s/ Deidre E. Walsh

Deidre E. Walsh

Vice President