Common use of Responsibility for Expenses Clause in Contracts

Responsibility for Expenses. Vanguard will provide, at its own expense, the office space, furnishings and equipment and the personnel required by it to perform its responsibilities as investment adviser and administrator.

Responsibility for Expenses. Vanguard will provide, at its own expense, the office space, furnishings and equipment and the personnel required by it to perform its responsibilities as investment adviser and administratorunder this Agreement.