Common use of Compensation of Trustees Clause in Contracts

Compensation of Trustees. 14 Section 2. Limitation of Liability and Indemnification................................................... 14 Section 3. Trustee’s Good Faith Action, Expert Advice, No Bond or Surety.......................................................................... 15 Section 4. Insurance......................................................................................................... 15 ARTICLE VIII. Miscellaneous....................................................................................................... 15 Section 1. Liability of Third Persons Dealing with Trustees................................................................................................. 15 Section 2. Termination of the Trust or Any Series........................................................... 15 Section 3. Reorganization and Master/Feeder.................................................................. 16 Section 4. Amendments................................................................................................... 17 Section 5. Filing of Copies, References, Headings.......................................................... 18 Section 6. Applicable Law............................................................................................... 18 Section 7. Provisions in Conflict with Law or Regulations............................................. 18 Section 8. Statutory Trust Only........................................................................................ 19 Section 9. Use of the Name “The Vanguard Group, Inc.”............................................... 19 Section 10. Derivatives Actions......................................................................................... 19

Compensation of Trustees. 14 Section 2. Limitation of Liability and Indemnification................................................... ........................................................... 14 Section 3. Trustee’s Good Faith Action, Expert Advice, No Bond or Surety.......................................................................... ............................................................................. 15 Section 4. Insurance......................................................................................................... .......................................................................................................... 15 ARTICLE VIII. Miscellaneous....................................................................................................... .......................................................................................................... 15 Section 1. Liability of Third Persons Dealing with Trustees................................................................................................. ................................................................................................... 15 Section 2. Termination of the Trust or Any Series........................................................... ............................................................... 15 Section 3. Reorganization and Master/Feeder.................................................................. ..................................................................... 16 Section 4. Amendments................................................................................................... ..................................................................................................... 17 Section 5. Filing of Copies, References, Headings.......................................................... .............................................................. 18 Section 6. Applicable Law............................................................................................... ................................................................................................. 18 Section 7. Provisions in Conflict with Law or Regulations............................................. .................................................... 18 Section 8. Statutory Trust Only........................................................................................ .......................................................................................... 19 Section 9. Use of the Name “The Vanguard Group, Inc.”............................................... ................................................... 19 Section 10. Derivatives Actions......................................................................................... ............................................................................................ 19

Compensation of Trustees. 14 Section 2. Limitation of Liability and Indemnification................................................... 14 Section 3. Trustee’s Good Faith Action, Expert Advice, No Bond or Surety.......................................................................... 15 14 Section 4. Insurance......................................................................................................... 15 ARTICLE VIII. Miscellaneous....................................................................................................... 15 Section 1. Liability of Third Persons Dealing with Trustees................................................................................................. 15 Section 2. Termination of the Trust or Any Series........................................................... 15 Section 3. Reorganization and Master/Feeder.................................................................. 16 Section 4. Amendments................................................................................................... 17 Section 5. Filing of Copies, References, Headings.......................................................... 18 17 Section 6. Applicable Law............................................................................................... 18 Section 7. Provisions in Conflict with Law or Regulations............................................. 18 Section 8. Statutory Trust Only........................................................................................ 19 18 Section 9. Use of the Name “The Vanguard Group, Inc.”............................................... 19 Section 10. Derivatives Actions......................................................................................... 19

Compensation of Trustees. 14 Section 2. Limitation of Liability and Indemnification................................................... ........................................................... 14 Section 3. Trustee’s Good Faith Action, Expert Advice, No Bond or Surety.......................................................................... ................................................................................................................ 15 Section 4. Insurance......................................................................................................... .......................................................................................................... 15 ARTICLE VIII. Miscellaneous....................................................................................................... .......................................................................................................... 15 Section 1. Liability of Third Persons Dealing with Trustees................................................................................................. Trustees 15 Section 2. Termination of the Trust or Any Series........................................................... ............................................................... 15 Section 3. Reorganization and Master/Feeder.................................................................. ..................................................................... 16 Section 4. Amendments................................................................................................... ..................................................................................................... 17 Section 5. Filing of Copies, References, Headings.......................................................... .............................................................. 18 Section 6. Applicable Law............................................................................................... ................................................................................................. 18 Section 7. Provisions in Conflict with Law or Regulations............................................. .................................................... 18 Section 8. Statutory Trust Only........................................................................................ .......................................................................................... 19 Section 9. Use of the Name “The Vanguard Group, Inc.”............................................... ................................................... 19 Section 10. Derivatives Actions......................................................................................... ............................................................................................ 19