Borrowing by Service Company. The Funds agree that Service Company may borrow money, and may issue a note or other security in connection with such borrowing, as long as such borrowing, is in connection with the discharge of Service Company’s responsibilities hereunder and is undertaken in accord with procedures approved by the Service Company’s Board of Directors.
Appears in 36 contracts
Samples: Funds’ Service Agreement (Vanguard Explorer Fund), Funds’ Service Agreement (Vanguard Star Funds), Funds’ Service Agreement (Vanguard Morgan Growth Fund)
Borrowing by Service Company. The Funds agree that Service Company may borrow money, and may issue a note or other security in connection with such borrowing, as long as such borrowing, is in connection with the discharge of Service Company’s 's responsibilities hereunder and is undertaken in accord with procedures approved by the Service Company’s 's Board of Directors.
Appears in 19 contracts
Samples: Funds' Service Agreement (Vanguard Wellington Fund), Funds' Service Agreement (Vanguard New York Tax-Free Funds), Funds' Service Agreement (Vanguard Bond Index Funds)
Borrowing by Service Company. The Funds agree that Service Company may borrow money, and may issue a note or other security in connection with such borrowing, as long as such borrowing, is in connection with the discharge of Service Company’s responsibilities hereunder and is undertaken in accord with procedures approved by the Service Company’s Board of Directors. II.
Appears in 1 contract
Samples: Funds’ Service Agreement (Vanguard Wellington Fund)
