Document:

Letter of Credit

 Exhibit 10.4 
 

 
 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, FL 33610 
 NOV 8, 2007 
 OUR L/C NO.: TPTS-233774 
  

			
	TO:	 	APPLICANT:
	SEI DAILY INCOME TRUST PRIME	 	SEI INVESTMENTS COMPANY
	OBLIGATION FUND	 	1 FREEDOM VALLEY DRIVE
	ATTN: KARL DASHER	 	OAKS, PA 19456
	1 FREEDOM VALLEY DRIVE	 	
	OAKS, PA 19456	 	

 WE HAVE ESTABLISHED OUR IRREVOCABLE STANDBY LETTER OF CREDIT IN YOUR FAVOR AS DETAILED HEREIN SUBJECT TO 1SP98

  

			
	DOCUMENTARY CREDIT NUMBER:	 	TPTS-233774
		
	FURTHER IDENTIFICATION:	 	ISSUE
		
	DATE OF ISSUE:	 	NOVEMBER 8, 2007
		
	BENEFICIARY:	 	 SEI DAILY INCOME TRUST PRIME
 OBLIGATION
FUND
 ATTN: KARL DASHER
 1 FREEDOM VALLEY DRIVE OAKS, PA 19456

		
	APPLICANT:	 	 SEI INVESTMENTS COMPANY
 1 FREEDOM VALLEY
DRIVE
 OAKS, PA 19456

		
	DATE AND PLACE OF EXPIRY:	 	 NOVEMBER 8, 2008
 AT OUR COUNTER

		
	DOCUMENTARY CREDIT AMOUNT:	 	USD126,000,000.00
		
	AVAILABLE WITH:	 	 JPMORGAN CHASE BANK, N.A.
 BY
PAYMENT

 IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR
ADDITIONAL 12 MONTH PERIODS FROM THE 

  

			
	132211 Lashonda R. Wilson	 	Page 1 of 3

 

 
 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, FL 33610 
 NOV 8, 2007 
 OUR L/C NO.: TPTS-233774 
  

 
PRESENT OR EACH FUTURE EXPIRATION DATE, UNLESS AT LEAST 30 DAYS PRIOR TO THE CURRENT EXPIRY DATE WE SEND NOTICE IN WRITING TO YOU VIA SWIFT, TELEX, OR HAND
DELIVERY AT THE ABOVE ADDRESS, THAT WE ELECT NOT TO AUTOMATICALLY EXTEND THIS LETTER OF CREDIT FOR ANY ADDITIONAL PERIOD. UPON SUCH NOTICE TO YOU, YOU MAY DRAW ON US AT SIGHT FOR AN AMOUNT NOT TO EXCEED THE BALANCE REMAINING IN THIS LETTER OF CREDIT
WITHIN THE THEN-APPLICABLE EXPIRY DATE, BY YOUR SWIFT OR PRESENTATION OF YOUR DRAFT AND DATED STATEMENT PURPORTEDLY SIGNED BY ONE OF YOUR OFFICIALS READING EXACTLY AS FOLLOWS: 
 THE AMOUNT OF THIS DRAWING USD . . . . . . . . . . . UNDER JPMORGAN CHASE BANK, N.A. LETTER OF CREDIT NUMBER TPTS-233774 REPRESENTS FUNDS DUE US AS WE HAVE RECEIVED NOTICE FROM JPMORGAN CHASE BANK, N.A. OF THEIR
DECISION NOT TO AUTOMATICALLY EXTEND LETTER OF CREDIT NUMBER TPTS-233774 AND THE UNDERLYING OBLIGATION REMAINS OUTSTANDING. 
 IN THE EVENT THIS LETTER OF
CREDIT IS SUBSEQUENTLY AMENDED BY US TO RESCIND A NOTICE OF NON-EXTENSION AND TO EXTEND THE EXPIRY DATE HEREOF TO A FUTURE DATE, SUCH EXTENSION SHALL BE FOR THAT SINGLE PERIOD ONLY AND THIS LETTER OF CREDIT WILL NOT BE SUBJECT TO ANY FUTURE
AUTOMATIC EXTENSIONS UNLESS AN AUTOMATIC EXTENSION PROVISION IS EXPRESSLY INCORPORATED INTO SUCH AMENDMENT. 
 ADDITIONAL DETAILS: 
 THIS LETTER OF CREDIT IS AVAILABLE WITH JPMORGAN CHASE BANK, N.A. AGAINST PRESENTATION OF YOUR DRAFT AT SIGHT DRAWN ON JPMORGAN CHASE BANK, N.A., WHEN ACCOMPANIED BY THE
DOCUMENTS INDICATED HEREIN. 
 BENEFICIARY’S DATED STATEMENT PURPORTEDLY SIGNED BY ONE OF ITS OFFICIALS READING AS FOLLOWS: 
 “THE AMOUNT OF THIS DRAWING USD . . . ., UNDER JPMORGAN CHASE BANK, N.A. LETTER OF CREDIT NO. TPTS-233774 REPRESENTS FUNDS DUE AND PAYABLE TO US AS SEI INVESTMENTS
COMPANY HAS FAILED TO PAY A REQUIRED CONTRIBUTION AMOUNT AS REQUIRED BY THE CAPITAL SUPPORT AGREEMENT BETWEEN SEI INVESTMENTS COMPANY AND SEI DAILY INCOME TRUST PRIME OBLIGATION FUND.” 
 MULTIPLE DRAWINGS ARE ALLOWED. 
  

			
	132211 Lashonda R. Wilson	 	Page 2 of 3

 

 
 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, FL 33610 
 NOV 8, 2007 
 OUR L/C NO.: TPTS-233774 
  

 PAYMENT WILL BE EFFECTED IN IMMEDIATELY AVAILABLE FUNDS BY THE NEXT BUSINESS DAY UPON RECEIPT OF PRESENTATION OF
DOCUMENTS IN COMPLIANCE WITH THE LETTER OF CREDIT TERMS AT OUR ADDRESS SPECIFIED BELOW. 
 ALL CORRESPONDENCE AND ANY DRAWINGS HEREUNDER ARE TO BE DIRECTED
TO: 
 JPMORGAN CHASE BANK, N.A. 
 C/O JPMORGAN TREASURY SERVICES

 ATTENTION: STANDBY LETTER OF CREDIT DEPARTMENT, 4TH FLOOR 
 10420 HIGHLAND MANOR DRIVE 
 TAMPA, FLORIDA 33610 
 CUSTOMER INQUIRY NUMBER IS 1-800-634-1969 CHOOSE OPTION 1. CUSTOMER INQUIRY E-MAIL ADDRESS IS: GTS.CLIENT.SERVICES@JPMCHASE.COM. PLEASE HAVE OUR REFERENCE NUMBER AVAILABLE WHEN YOU CONTACT US. 
 WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT WILL BE DULY HONORED. 
 THE NUMBER AND THE DATE OF OUR CREDIT AND THE NAME OF OUR BANK MUST BE QUOTED ON ALL DRAFTS REQUIRED. 
 THIS IRREVOCABLE STANDBY LETTER OF CREDIT SHALL BE SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES (1998), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 590. 
 THIS LETTER OF CREDIT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

  

	
	 /s/ Vera Kostic

	AUTHORIZED SIGNATURE
	Vera Kostic
	Assistant Vice President

  

			
	132211 Lashonda R. Wilson	 	Page 3 of 3Letter of Credit

 Exhibit 10.5 
 

 
 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, FL 33610 
 NOV 8, 2007 
 OUR L/C NO.: TPTS-241183 
  

			
	TO:	 	APPLICANT:
	 SEI DAILY INCOME TRUST MONEY MARKET
 FUND

	 	SEI INVESTMENTS COMPANY
	 	1 FREEDOM VALLEY DRIVE
	ATTN: KARL DASHER	 	OAKS, PA 19456
	1 FREEDOM VALLEY DRIVE	 	
	OAKS, PA 19456	 	

 WE HAVE ESTABLISHED OUR IRREVOCABLE STANDBY LETTER OF CREDIT IN YOUR FAVOR AS DETAILED HEREIN SUBJECT TO 1SP98

  

			
	DOCUMENTARY CREDIT NUMBER:	 	TPTS-233774
		
	FURTHER IDENTIFICATION:	 	ISSUE
		
	DATE OF ISSUE:	 	NOVEMBER 8, 2007
		
	BENEFICIARY:	 	 SEI DAILY INCOME TRUST MONEY MARKET
 FUND

ATTN: KARL DASHER
 1 FREEDOM VALLEY DRIVE
 OAKS, PA 19456

		
	APPLICANT:	 	 SEI INVESTMENTS COMPANY
 1 FREEDOM VALLEY
DRIVE
 OAKS, PA 19456

		
	DATE AND PLACE OF EXPIRY:	 	 NOVEMBER 8, 2008
 AT OUR COUNTER

		
	DOCUMENTARY CREDIT AMOUNT:	 	USD3,000,000.00
		
	AVAILABLE WITH:	 	 JPMORGAN CHASE BANK, N.A.
 BY
PAYMENT

 IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR
ADDITIONAL 12 MONTH PERIODS FROM THE 

  

			
	132136 Lashonda R. Wilson	 	Page 1 of 3

 

 
 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, FL 33610 
 NOV 8, 2007 
 OUR L/C NO.: TPTS-241183 
  
 
PRESENT OR EACH FUTURE EXPIRATION DATE, UNLESS AT LEAST 30 DAYS PRIOR TO THE CURRENT EXPIRY DATE WE SEND NOTICE IN WRITING TO YOU VIA SWIFT, TELEX, OR HAND
DELIVERY AT THE ABOVE ADDRESS, THAT WE ELECT NOT TO AUTOMATICALLY EXTEND THIS LETTER OF CREDIT FOR ANY ADDITIONAL PERIOD. UPON SUCH NOTICE TO YOU, YOU MAY DRAW ON US AT SIGHT FOR AN AMOUNT NOT TO EXCEED THE BALANCE REMAINING IN THIS LETTER OF CREDIT
WITHIN THE THEN-APPLICABLE EXPIRY DATE, BY YOUR SWIFT OR PRESENTATION OF YOUR DRAFT AND DATED STATEMENT PURPORTEDLY SIGNED BY ONE OF YOUR OFFICIALS READING EXACTLY AS FOLLOWS: 
 THE AMOUNT OF THIS DRAWING USD . . . . . . . . . . . UNDER JPMORGAN CHASE BANK, N4A. LETTER OF CREDIT NUMBER TPTS-241183 REPRESENTS FUNDS DUE US AS WE HAVE RECEIVED NOTICE FROM JPMORGAN CHASE BANK, N.A. OF THEIR
DECISION NOT TO AUTOMATICALLY EXTEND LETTER OF CREDIT NUMBER TPTS-241183 AND THE UNDERLYING OBLIGATION REMAINS OUTSTANDING. 
 IN THE EVENT THIS LETTER OF
CREDIT IS SUBSEQUENTLY AMENDED BY US TO RESCIND A NOTICE OF NON-EXTENSION AND TO EXTEND THE EXPIRY DATE HEREOF TO A FUTURE DATE, SUCH EXTENSION SHALL BE FOR THAT SINGLE PERIOD ONLY AND THIS LETTER OF CREDIT WILL NOT BE SUBJECT TO ANY FUTURE
AUTOMATIC EXTENSIONS UNLESS AN AUTOMATIC EXTENSION PROVISION IS EXPRESSLY INCORPORATED INTO SUCH AMENDMENT. 
 ADDITIONAL DETAILS: 
 THIS LETTER OF CREDIT IS AVAILABLE WITH JPMORGAN CHASE BANK, N.A. AGAINST PRESENTATION OF YOUR DRAFT AT SIGHT DRAWN ON JPMORGAN CHASE BANK, N.A., WHEN ACCOMPANIED BY THE
DOCUMENTS INDICATED HEREIN. 
 BENEFICIARY’S DATED STATEMENT PURPORTEDLY SIGNED BY ONE OF ITS OFFICIALS READING AS FOLLOWS: 
 “THE AMOUNT OF THIS DRAWING USD . . . ., UNDER JPMORGAN CHASE BANK, N.A. LETTER OF CREDIT NO. TPTS-241183 REPRESENTS FUNDS DUE AND PAYABLE TO US AS SEI INVESTMENTS
COMPANY HAS FAILED TO PAY A REQUIRED CONTRIBUTION AMOUNT AS REQUIRED BY THE CAPITAL SUPPORT AGREEMENT BETWEEN SEI INVESTMENTS. COMPANY AND SEI DAILY INCOME TRUST MONEY MARKET FUND.” 
 MULTIPLE DRAWINGS ARE ALLOWED. 
  

			
	132136 Lashonda R. Wilson	 	Page 2 of 3

 

 
 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, FL 33610 
 NOV 8, 2007 
 OUR L/C NO.: TPTS-241183 
  
 PAYMENT WILL BE EFFECTED IN IMMEDIATELY AVAILABLE FUNDS BY THE NEXT BUSINESS DAY UPON RECEIPT OF PRESENTATION OF DOCUMENTS IN COMPLIANCE WITH THE LETTER OF CREDIT TERMS
AT OUR ADDRESS SPECIFIED BELOW. 
 ALL CORRESPONDENCE AND ANY DRAWINGS HEREUNDER ARE TO BE DIRECTED TO: 
 JPMORGAN CHASE BANK, N.A. 
 C/O JPMORGAN TREASURY SERVICES 
 ATTENTION: STANDBY LETTER OF CREDIT DEPARTMENT, 4TH FLOOR 
 10420 HIGHLAND
MANOR DRIVE 
 TAMPA, FLORIDA 33610 
 CUSTOMER INQUIRY NUMBER IS
1-800-634-1969 CHOOSE OPTION 1. CUSTOMER INQUIRY E-MAIL ADDRESS IS: GTS.CLIENT.SERVICES@JPMCHASE.COM. PLEASE HAVE OUR REFERENCE NUMBER AVAILABLE WHEN YOU CONTACT US. 
 WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT WILL BE DULY HONORED. 
 THE NUMBER AND THE DATE OF OUR CREDIT AND THE NAME OF OUR BANK MUST BE QUOTED ON ALL DRAFTS REQUIRED. 
 THIS IRREVOCABLE
STANDBY LETTER OF CREDIT SHALL BE SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES (1998), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 590. 
 THIS
LETTER OF CREDIT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. 
  

	
	 /s/ Vera Kostic

	AUTHORIZED SIGNATURE
	Vera Kostic
	Assistant Vice President

  

			
	132136 Lashonda R. Wilson	 	Page 3 of 3

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