EX-99.(K)(7) 3 c93919_ex99-k7.htm EXPENSE LIMITATION AGREEMENT DATED AS OF MAY 23, 2019

Exhibit 99.(k.7)

 

Expense Limitation Agreement

 

This Expense Limitation Agreement (the “Agreement”) is made and entered into this 23rd day of May, 2019 between Lord, Abbett & Co. LLC (“Lord Abbett”) and Lord Abbett Credit Opportunities Fund (the “Fund”).

 

In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:

 

1.Lord Abbett agrees for the time period set forth in paragraph 2 below to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding acquired fund fees and expenses, distribution-related expenses, interest expense, taxes, expenses related to litigation and potential litigation, and extraordinary expenses, to an annual rate of 1.50% for the Fund.

 

2.This Agreement will be effective from September 13, 2019 through December 31, 2020. This Agreement may be terminated only by the Board of Trustees of the Fund upon written notice to Lord Abbett.

 

IN WITNESS WHEREOF, Lord Abbett and the Fund have caused this Agreement to be executed by a duly authorized member and officer, respectively, to become effective as of the day and year first above written.

 

  Lord, Abbett & Co. llc  
       
  By:  /s/Lawrence B. Stoller  
    Lawrence B. Stoller  
    Member  
       
  Lord Abbett Credit Opportunities Fund
       
  By: /s/John T. Fitzgerald  
    John T. Fitzgerald  
    Vice President and Assistant Secretary