Common use of Preferred Method Clause in Contracts

Preferred Method. If the Intermediary elects to utilize the NSCC’s Short-Term Redemption Fee Processing Automation, the Redemption Fee shall be processed and settled through the Fund/SERV STR NSCC Membership Number 4733 functionality, in accordance with applicable NSCC rules and procedures and any supplemental information or clarification furnished to the Intermediary in writing by Vanguard from time to time.

Preferred Method. If the Intermediary Company elects to utilize the NSCC’s Short-Term Redemption Fee Processing Automation, the Redemption Fee shall be processed and settled through the Fund/SERV STR NSCC Membership Number 4733 functionality, in accordance with applicable NSCC rules and procedures and any supplemental information or clarification furnished to the Intermediary Company in writing by Vanguard from time to time.

Preferred Method. If the Intermediary elects to utilize the NSCC’s 's Short-Term Redemption Fee Processing Automation, the Redemption Fee shall be processed and settled through the Fund/SERV STR NSCC Membership Number 4733 functionality, in accordance with applicable NSCC rules and procedures and any supplemental information or clarification furnished to the Intermediary in writing by Vanguard from time to time.

Preferred Method. If the Intermediary elects to utilize the NSCC’s Short-Term Redemption Fee Processing Automation, the Redemption Fee shall be processed and settled through the Fund/SERV STR NSCC Membership Number 4733 functionality, in accordance with applicable NSCC rules and procedures and any supplemental information or clarification furnished to the Intermediary in writing by Vanguard from time to time.