Common use of Insurance of Custodian Clause in Contracts

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to standard deductibles, all as is customary for insurance typically maintained by banks, which act as Custodian.

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to standard deductibles, all as is customary for insurance typically maintained by banks, banks which act as Custodian. A certificate of the respective insurer as to each such policy, with a copy of such policy attached, shall be furnished to the Required Persons, upon request.

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Agreement and keep in full force and effect a fidelity insurancebond, theft of documents insurance, forgery insurance and errors and omissions insurance and document hazard insurance. All such insurance shall be in amounts, with standard coverage and subject to standard deductibles, all as is customary for insurance typically maintained by banks, institutions which act as document custodians. Upon written request to Custodian, Purchaser and Seller shall be entitled to receive evidence (which evidence may be in the form of a certificate of the respective insurer) that such insurance is in full force and effect.

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to standard deductibles, all as is customary for insurance typically maintained by banks, banks which act as Custodiancustodian. Upon written request, the Purchaser shall be entitled to receive a certificate of the Custodian stating that such insurance is in full force and effect.