Common use of Duration; Termination; Notices; Amendment Clause in Contracts

Duration; Termination; Notices; Amendment. This Agreement will become effective on the date hereof and shall continue in effect for successive twelve-month periods, only so long as each such continuance specifically is approved at least annually by the Board of Trustees, including a majority of those Trustees who are not parties to such Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. In addition, the question of continuance of the Agreement may be presented to the shareholders of the Fund; in such event, such continuance will be effected only if approved by the affirmative vote of a majority of the outstanding voting securities of the Fund. Notwithstanding the foregoing, however, (i) this Agreement may at any time be terminated without payment of any penalty either by vote of the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund, on thirty days’ written notice to the Advisor, (ii) this Agreement will automatically terminate in the event of its assignment, and (iii) this Agreement may be terminated by the Advisor on ninety days’ written notice to the Fund. Any notice under this Agreement will be given in writing, addressed and delivered, or mailed postpaid, to the other party as follows: If to the Fund, at: Vanguard Dividend Growth Fund X.X. Xxx 0000 Xxxxxx Xxxxx, XX 00000 Attention: Xxxx X. Xxxxxxx Telephone: 000-000-0000 Facsimile: 000-000-0000 If to the Advisor, at: Wellington Management Company, LLP 000 Xxxxxxxx Xxxxxx Xxxxxx, XX 00000 Attention: Legal and Compliance Telephone: 000-000-0000 Facsimile: 000-000-0000 This Agreement may be amended by mutual consent, but the consent of the Trust must be approved (i) by a majority of those members of the Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such amendment, and (ii) to the extent required by the 1940 Act, by a vote of a majority of the outstanding voting securities of the Fund. As used in this Section 10, the terms “assignment,” “interested persons,” and “vote of a majority of the outstanding voting securities” will have the respective meanings set forth in Section 2(a)(4), Section 2(a)(19) and Section 2(a)(42) of the 1940 Act.

Appears in 1 contract

Samples: Investment Advisory Agreement (Vanguard Specialized Funds)

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Duration; Termination; Notices; Amendment. This Agreement will become effective on the date hereof and shall continue in effect for successive twelve-month periods, only so long as each such continuance specifically is approved at least annually by the Board of Trustees, including a majority of those Trustees who are not parties to such Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. In addition, the question of continuance of the Agreement may be presented to the shareholders of the Fund; in such event, such continuance will be effected only if approved by the affirmative vote of a majority of the outstanding voting securities of the Fund. Notwithstanding the foregoing, however, (i) this Agreement may at any time be terminated without payment of any penalty either by vote of the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund, on thirty days’ written notice to the Advisor, (ii) this Agreement will automatically terminate in the event of its assignment, and (iii) this Agreement may be terminated by the Advisor on ninety days’ written notice to the Fund. Any notice under this Agreement will be given in writing, addressed and delivered, or mailed postpaid, to the other party as follows: If to the Fund, at: Vanguard Dividend Growth Energy Fund X.X. P.X. Xxx 0000 Xxxxxx Xxxxx, XX 00000 Attention: Xxxx X. Xxxxxxx Cxxxx XxXxxxx Telephone: 000600-000-0000 Facsimile: 000600-000-0000 If to the Advisor, at: Wellington Management Company, LLP 000 Xxxxxxxx 70 Xxxxx Xxxxxx Xxxxxx, XX 00000 Attention: Legal and Compliance Telephone: 000-000-0000 Facsimile: 000600-000-0000 This Agreement may be amended by mutual consent, but the consent of the Trust must be approved (i) by a majority of those members of the Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such amendment, and (ii) to the extent required by the 1940 Act, by a vote of a majority of the outstanding voting securities of the Fund. As used in this Section 10, the terms “assignment,” “interested persons,” and “vote of a majority of the outstanding voting securities” will have the respective meanings set forth in Section 2(a)(4), Section 2(a)(19) and Section 2(a)(42) of the 1940 Act.

Appears in 1 contract

Samples: Investment Advisory Agreement (Vanguard Specialized Funds)

Duration; Termination; Notices; Amendment. This Agreement will become effective on the date hereof and hereofand shall continue in effect for successive twelve-month twelve·month periods, only so long as each such continuance specifically is approved at least annually by the Board of Trustees, including a majority of those Trustees who are not parties to such Agreement or interested persons of any ofany such party, cast in person at a meeting called for the purpose of voting ofvoting on such approval. In addition, the question of continuance of the ofthe Agreement may be presented to the shareholders of the Fund; in such event, such continuance will be effected only if approved by the affirmative vote of a ofa majority of the ofthe outstanding voting securities of the ofthe Fund. Notwithstanding the foregoing, however, (i) this Agreement may at any time be terminated without payment of any ofany penalty either by vote of the Board of Trustees ofTrustees or by vote of a majority of the ofthe outstanding voting securities of the ofthe Fund, on thirty days' written notice to the Advisor, (ii) this Agreement will automatically terminate in the event of its ofits assignment, and (iii) this Agreement may be terminated by the Advisor on ninety days' written notice to the Fund. Any notice under this Agreement will be given in writing, addressed and delivered, or mailed postpaid, to the other party as follows: If to Ifto the Fund, at: Vanguard Dividend Growth Capital Value Fund X.X. Xxx 0000 Xxxxxx Xxxxx, XX 00000 Attention: Xxxx X. Xxxxxxx Telephone: 000-000-0000 Facsimile: 000-000-0000 If to the Advisor, at: Wellington Management Company, LLP 000 .000 Xxxxxxxx Xxxxxx Xxxxxx, XX 00000 Attention: Legal and Compliance Telephone: 000-000-0000 Facsimile: 000-000-0000 This Agreement may be amended by mutual consent, but the consent of the Trust must be approved (i) by a majority of those members of the Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such amendment, and (ii) to the extent required by the 1940 Act, by a vote of a majority of the outstanding voting securities of the Fund. As used in this Section 10, the terms “assignment,” “interested persons,” and “vote of a majority of the outstanding voting securities” will have the respective meanings set forth in Section 2(a)(4), Section 2(a)(19) and Section 2(a)(42) of the 1940 Act.0000

Appears in 1 contract

Samples: Investment Advisory Agreement (Vanguard Malvern Funds)

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Duration; Termination; Notices; Amendment. This Agreement will become effective on the date hereof and shall will continue in effect for successive twelve-month periods, only so long as each such continuance specifically is approved at least annually by the Board of Trustees, including a majority of those Trustees who are not parties to such Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. In addition, the question of continuance of the Agreement may be presented to the shareholders of the Fund; in such event, such continuance will be effected only if approved by the affirmative vote of a majority of the outstanding voting securities of the Fund. Notwithstanding the foregoing, however, (i) this Agreement may at any time be terminated without payment of any penalty either by vote of the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund, on thirty days? written notice to the Advisor, (ii) this Agreement will automatically terminate in the event of its assignment, and (iii) this Agreement may be terminated by the Advisor on ninety days? written notice to the Fund. Any notice under this Agreement will be given in writing, addressed and delivered, or mailed postpaid, to the other party as follows: If to the Fund, at: Vanguard Dividend Growth Explorer Fund X.X. Xxx 0000 Xxxxxx Xxxxx, XX 00000 Attention: Xxxx X. Xxxxxxx Xxxxx XxXxxxx Telephone: 000-000-0000 Facsimile: 000-000-0000 If to the Advisor, at: Wellington Management Company, LLP 000 Xxxxxxxx Xxxxxx Xxxxxx, XX 00000 Attention: Legal and Compliance Telephone: 000-000-0000 Facsimile: 000-000-0000 This Agreement may be amended by mutual consent, but the consent of the Trust must be approved (i) by a majority of those members of the Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such amendment, and (ii) to the extent required by the 1940 Act, by a vote of a majority of the outstanding voting securities of the Fund. As used in this Section 10, the terms ?assignment,” “? ?interested persons,? and ?vote of a majority of the outstanding voting securities? will have the respective meanings set forth in Section 2(a)(4), Section 2(a)(19) ), and Section 2(a)(42) of the 1940 Act.

Appears in 1 contract

Samples: Investment Advisory Agreement (Vanguard Explorer Fund)

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