BHMS PORTFOLIO UNIT VALUE. The "BHMS Portfolio unit value" shall be determined by dividing the total net assets of the BHMS Portfolio by a given number of units. The number of units in the BHMS Portfolio shall be equal to the total shares outstanding of the Fund on the effective date of this Agreement; provided, however, that as assets are added to or withdrawn from the BHMS Portfolio, the number of units of the BHMS Portfolio shall be adjusted based on the unit value of the BHMS Portfolio on the day such changes are executed.
Appears in 3 contracts
Samples: Investment Advisory Agreement (Vanguard Variable Insurance Fund), Investment Advisory Agreement (Vanguard Whitehall Funds), Investment Advisory Agreement (Vanguard Whitehall Funds Inc)
BHMS PORTFOLIO UNIT VALUE. The "BHMS Portfolio unit value" shall be determined by dividing the total net assets of the BHMS Portfolio by a given number of units. The At the inception of this Agreement, the number of units in the BHMS Portfolio shall be equal to the total shares outstanding number of such units in existence as determined under the Fund on the effective date of this Prior Agreement; provided, however, that as assets are added to or withdrawn from the BHMS PortfolioPortfolio thereafter, the number of units of the BHMS Portfolio shall be adjusted based on the unit value of the BHMS Portfolio on the day such changes are executed.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Vanguard/Windsor Funds Inc), Investment Advisory Agreement (Vanguard Windsor Funds/)
