Fidelity Bond Coverage. The amount of Fidelity Bond coverage shall be an amount acceptable to FNMA or FHLMC.
Fidelity Bond Coverage. Broker-Dealer represents that it and its directors, officers, employees, and registered representatives are and shall be covered by a blanket fidelity bond, issued by a reputable bonding company. This bond shall be maintained by Broker-Dealer at Broker-Dealer's expense. Such bond shall be, at least, of the form, type and amount required under the NASD Conduct Rules. Distributor may require evidence, satisfactory to it, that such coverage is in force, and Broker-Dealer shall give prompt written notice to Distributor of any cancellation or change of coverage. Broker-Dealer assigns any proceeds received from the fidelity bonding company to Liberty Life to the extent of its loss due to activities covered by the bond, and to Distributor to the extent of its loss due to activities covered by the bond. Failure to secure and maintain same shall be grounds for immediate termination of this Agreement for cause.
Fidelity Bond Coverage. Except Grantees which are units of government and except for grants that are less than $100,000, RUS shall have received evidence satisfactory to it that the Grantee has obtained fidelity bond coverage from a surety doing business with the United States listed in 31 C.F.R. § 223, in an amount at least fifteen percent (15%) of the Grant, covering all officers, employees, or agents of the Grantee authorized to receive, disburse, or receive and disburse the Grant funds. For existing RUS Borrowers, however, RUS may waive this fidelity bond coverage requirement, if after evaluation, RUS has determined that adequate fidelity bond coverage is already maintained by the Grantee as an RUS Borrower under an existing loan or guarantee agreement.
Fidelity Bond Coverage. RUS has received from the Grantee for Grants in the amount of $100,000 or more, except Grantees which are units of government, evidence, satisfactory to RUS, that the Grantee has obtained fidelity bond coverage, from a surety doing business with the United States listed in 31 C.F.R. § 223, in an amount at least fifteen percent (15%) of the Grant, covering all officers, employees, or agents of the Grantee authorized to receive, disburse, or receive and disburse the Grant funds. Notwithstanding, for existing RUS Borrowers, RUS may waive this fidelity bond coverage requirement, if after evaluation, RUS has determined that adequate fidelity bond coverage is already maintained by the Grantee as an RUS Borrower under an existing loan or guarantee agreement between the Grantee and RUS.
Fidelity Bond Coverage. The PHA must carry adequate fidelity bond coverage, as required by HUD, of its officers, agents, or employees handling cash or authorized to sign checks or certify vouchers. Proof of this coverage must be made available to FEMA and HUD upon request.
Fidelity Bond Coverage. The Custodian shall report monthly to the Fund's Treasurer on compliance of the Fund's fidelity bond coverage with Rule 17g-1 of the 1940 Act. For avoidance of doubt, the Custodian shall not be responsible for approving or filing the fidelity bond.
Fidelity Bond Coverage. Seller covenants and agrees that, as long as the Interests or any part thereof are outstanding, Seller shall maintain insurance or fidelity bond coverage, as applicable, of $300,000.00 for errors and omissions and $300,000.00 for employee dishonesty with such companies as are reasonably satisfactory to Buyer. Upon execution of this Agreement and from time to time thereafter upon the request of Buyer, Seller shall deliver to Buyer a summary of the coverages of Seller in form and substance satisfactory to Seller.
Fidelity Bond Coverage. AVIF and AIM represent and warrant that all of their respective officers, employees, investment advisers, and other individuals or entities dealing with the money and/or securities of AVIF are, and shall continue to be at all times, covered by one or more blanket fidelity bonds or similar coverage for the benefit of AVIF in an amount not less than the minimal coverage required by Rule 17g-1 under the 1940 Act or related provisions as may be promulgated from time to time. The aforesaid bonds shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company.
Fidelity Bond Coverage. Borrower covenants and agrees that, as long as any Advance is outstanding, Borrower shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, in form and substance satisfactory to Lender, with loss payable to Lender under the blanket fidelity bond and additional insured with respect to the negligent acts of Borrower under the errors and omissions insurance policy, and with broad coverage with responsible companies on Borrower and all officers and employees acting in any capacity with regard to a Pledged Mortgage Loan who handle funds, money, documents and papers relating to a Pledged Mortgage Loan. Any such fidelity bond and errors and omissions insurance shall protect and insure Borrower and Lender, as loss payee under the blanket fidelity bond and additional insured with respect to the negligent acts of Borrower under the errors and omissions policy, against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Persons. No provision of this Section requiring such fidelity bond and errors and omissions insurance shall diminish or relieve Borrower from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be in such amounts as required by Lender in its sole discretion. Upon request of Lender, Borrower shall cause to be delivered to Lender a certified true copy of such fidelity bond and insurance policy and a statement from the surety and the insurer that such fidelity bond or insurance policy shall in no event be terminated without thirty (30) calendar days’ prior written notice to Lender. Borrower shall give Lender written evidence of renewal of such insurance policy thirty (30) calendar days in advance of the expiration date of such policy. Borrower also covenants that (i) it will not, without the prior written consent of Lender, materially modify any insurance coverage required by this Section 5.03 and (ii) it will, upon receipt of notice (whether from the related insurer or otherwise) promptly, but in any event within one (1) Business Day of its receipt of notice, provide Lender with notice of any material modification to any insurance coverage required by this Section 5.03.
Fidelity Bond Coverage. The Custodian shall report monthly to the Fund's Treasurer on compliance of the Fund's fidelity bond coverage with Rule 17g-1 of the 1940 Act.
