EX-99.(L) (11) 23 d53162dex99l11.htm PURCHASE AGREEMENT Purchase Agreement

Exhibit (l)(11)

PURCHASE AGREEMENT

HIGH YIELD MUNICIPAL PORTFOLIO

The Glenmede Fund, Inc., a Maryland corporation (the “Company”), and The Glenmede Corporation, a Pennsylvania corporation (“Glenmede”), hereby agree with each other as follows:

1. The Company hereby offers Glenmede and Glenmede hereby purchases one share (the “Share”) of the Company’s High Yield Municipal Portfolio for $10.00 per share. The Company hereby acknowledges receipt from Glenmede of funds in the total amount of $10.00 in full payment for such Share.

2. Glenmede represents and warrants to the Company that the Share is being acquired for investment purposes and not with a view to the distribution thereof.

IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Agreement as of the 22nd day of December, 2015.

 

      THE GLENMEDE FUND, INC.
ATTEST:    

/s/ Kent E. Weaver

    

/s/ Mary Ann B. Wirts

By:   Kent E. Weaver     By:   Mary Ann B. Wirts
Title:   Treasurer     Title:   President
      THE GLENMEDE CORPORATION
ATTEST:    

/s/ Kent E. Weaver

    

/s/ James R. Belanger

By:   Kent E. Weaver     By:   James R. Belanger
Title:   Treasurer     Title:   Managing Director