Common use of Services to Others Clause in Contracts

Services to Others. The Service Company may render services to any person other than the Funds so long as: A. The services to be rendered to the Funds hereunder are not impaired thereby. B. The terms and provisions upon which the services are to be rendered have been approved by the holders of a majority of the Shares. C. The services rendered for compensation and, to the extent achievable, for the purpose of gaining a profit thereon. D. Any income earned and fees received by Service Company shall be used to reduce the total costs and expenses of Service Company.

Appears in 8 contracts

Samples: Funds' Service Agreement (Vanguard Municipal Bond Funds), Funds' Service Agreement (Vanguard Tax Managed Funds), Funds' Service Agreement (Vanguard Municipal Bond Funds)

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Services to Others. The Service Company may render services to any person other than the Funds so long as: A. A The services to be rendered to the Funds hereunder are not impaired thereby. B. B The terms and provisions upon which the services are to be rendered have been approved by the holders of a majority of the Shares. C. C The services rendered for compensation and, to the extent achievable, for the purpose of gaining a profit thereon. D. D Any income earned and fees received by Service Company shall be used to reduce the total costs and expenses of Service Company.

Appears in 6 contracts

Samples: Funds’ Service Agreement (Vanguard Specialized Funds), Funds’ Service Agreement (Vanguard Index Funds), Funds’ Service Agreement (Vanguard World Fund)

Services to Others. The Service Company may render services to any person other than the Funds so long as: A. The services to be rendered to the Funds hereunder are not impaired thereby. B. The terms and provisions upon which the services are to be rendered have been approved by the holders of a majority of the Shares. C. The services rendered for compensation and, to the extent achievable, for the purpose of gaining a profit thereon. D. Any income earned and fees received by Service Company shall be used to reduce the total costs and expenses of Service Company.. 4.3

Appears in 4 contracts

Samples: Funds' Service Agreement (Vanguard Massachusetts Tax Exempt Funds), Funds' Service Agreement (Vanguard Fenway Funds), Funds' Service Agreement (Vanguard Montgomery Funds)

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Services to Others. The Service Company may render services to any person other than the Funds so long as: A. The services to be rendered to the Funds hereunder are not impaired thereby. B. The terms and provisions upon which the services are to be rendered have been approved by the holders of a majority of the Shares. C. The services rendered for compensation and, to the extent achievable, for the purpose of gaining a profit thereon. 7 D. Any income earned and fees received by Service Company shall be used to reduce the total costs and expenses of Service Company.. 4.3

Appears in 1 contract

Samples: Funds' Service Agreement (Vanguard Whitehall Funds Inc)

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