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, and such insurance shall be in amounts with standard coverage and subject to deductibles as is customary for insurance typically maintained by banks which act as custodian of assets similar to the Portfolio Investments, and in no event in an annual amount less than $1,000,000.

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 such fidelity insurancebonds and/or insurance policies in amounts, theft of documents insurance, and such insurance shall be in amounts with standard coverage and subject to deductibles deductibles, all as is customary for insurance typically are customarily maintained by banks which act as custodian of assets similar to and as required under the Portfolio Investments, and in no event in an annual amount less than $1,000,000Servicing Agreement.