Common use of Fidelity Bond and Errors and Omissions Insurance Policy Maintained by the Trustee Clause in Contracts

Fidelity Bond and Errors and Omissions Insurance Policy Maintained by the Trustee. the Custodian and the Certificate Administrator. Each of the Trustee, the Custodian and the Certificate Administrator, at its own respective expense, shall maintain in effect a Fidelity Bond and a Errors and Omissions Insurance Policy. The Errors and Omissions Insurance Policy and Fidelity Bond shall be issued by a Qualified Insurer in form and in amount customary for trustees, custodians or certificate administrators in similar transactions (unless the Trustee, the Custodian or the Certificate Administrator, as the case may be, self-insures as provided below). If any such Errors and Omissions Insurance Policy or Fidelity Bond ceases to be in effect, the Trustee, the Custodian or the Certificate Administrator, as the case may be, shall obtain a comparable replacement policy or bond from an insurer or issuer meeting the requirements set forth above as of the date of such replacement. So long as the long-term debt rating of the Trustee, the Custodian or the Certificate Administrator, as the case may be, is not less than “A-” as rated by Fitch, not less than “A3” as rated by Xxxxx’x and “A (low)” as rated by DBRS (or, if not rated by DBRS, an equivalent rating such as that listed above for Xxxxx’x by at least two other NRSRO’s (which may include S&P, Fitch and/or Xxxxx’x)), the Trustee, the Custodian or the Certificate Administrator, as the case may be, may self-insure for the Fidelity Bond and the Errors and Omissions Insurance Policy.

Fidelity Bond and Errors and Omissions Insurance Policy Maintained by the Trustee. the Custodian and the Certificate Administrator. Each of the Trustee, the Custodian and the Certificate Administrator, at its own respective expense, shall maintain in effect a Fidelity Bond and a Errors and Omissions Insurance Policy. The Errors and Omissions Insurance Policy and Fidelity Bond shall be issued by a Qualified Insurer in form and in amount customary for trustees, custodians or certificate administrators in similar transactions (unless the Trustee, the Custodian or the Certificate Administrator, as the case may be, self-insures as provided below). If any such Errors and Omissions Insurance Policy or Fidelity Bond ceases to be in effect, the Trustee, the Custodian or the Certificate Administrator, as the case may be, shall obtain a comparable replacement policy or bond from an insurer or issuer meeting the requirements set forth above as of the date of such replacement. So long as the long-term debt rating of the Trustee, the Custodian or the Certificate Administrator, as the case may be, is not less than “A-” as rated by Fitch, not less than “A3” as rated by Xxxxx’x and “A (low)” as rated by DBRS (or, if not rated by DBRS, an equivalent rating such as that listed above for Xxxxx’x by at least two other NRSRO’s (which may include S&P, Fitch and/or Xxxxx’x)), the Trustee, the Custodian or the Certificate Administrator, as the case may be, may self-insure for the Fidelity Bond and the Errors and Omissions Insurance Policy.

Fidelity Bond and Errors and Omissions Insurance Policy Maintained by the Trustee. the Custodian and the Certificate Administrator. Each of the Trustee, the Custodian and the Certificate Administrator, at its own respective expense, shall maintain in effect a Fidelity Bond and a Errors and Omissions Insurance Policy. The Errors and Omissions Insurance Policy and Fidelity Bond shall be issued by a Qualified Insurer in form and in amount customary for trustees, custodians or certificate administrators in similar transactions (unless the Trustee, the Custodian or the Certificate Administrator, as the case may be, self-self- 236 insures as provided below). If any such Errors and Omissions Insurance Policy or Fidelity Bond ceases to be in effect, the Trustee, the Custodian or the Certificate Administrator, as the case may be, shall obtain a comparable replacement policy or bond from an insurer or issuer meeting the requirements set forth above as of the date of such replacement. So long as the long-term debt rating of the Trustee, the Custodian or the Certificate Administrator, as the case may be, is not less than “A-” as rated by Fitch, Fitch and not less than “A3” as rated by Xxxxx’x and “A (low)” as rated by DBRS (or, if not rated by DBRS, an equivalent rating such as that listed above for Xxxxx’x by at least two other NRSRO’s (which may include S&P, Fitch and/or Xxxxx’x))Mxxxx’x, the Trustee, the Custodian or the Certificate Administrator, as the case may be, may self-insure for the Fidelity Bond and the Errors and Omissions Insurance Policy.

Fidelity Bond and Errors and Omissions Insurance Policy Maintained by the Trustee. the Custodian and the Certificate Administrator. Each of the Trustee, the Custodian and the Certificate Administrator, at its own respective expense, shall maintain in effect a Fidelity Bond and a Errors and Omissions Insurance Policy. The Errors and Omissions Insurance Policy and Fidelity Bond shall be issued by a Qualified Insurer in form and in amount customary for trustees, custodians or certificate administrators in similar transactions (unless the Trustee, the Custodian or the Certificate Administrator, as the case may be, self-insures as provided below). If any such Errors and Omissions Insurance Policy or Fidelity Bond ceases to be in effect, the Trustee, the Custodian or the Certificate Administrator, as the case may be, shall obtain a comparable replacement policy or bond from an insurer or issuer meeting the requirements set forth above as of the date of such replacement. So long as the long-term debt rating of the Trustee, the Custodian or the Certificate Administrator, as the case may be, is not less than “A-” as rated by Fitch, not less than “A3” as rated by Xxxxx’x Moody’s and “A (low)” as rated by DBRS (or, if not rated by DBRS, an equivalent rating such as that listed above for Xxxxx’x by at least two other NRSRO’s (which may include S&P, Fitch and/or Xxxxx’x)), the Trustee, the Custodian or the Certificate Administrator, as the case may be, may self-insure for the Fidelity Bond and the Errors and Omissions Insurance Policy.

Fidelity Bond and Errors and Omissions Insurance Policy Maintained by the Trustee. the Custodian and the Certificate AdministratorTHE FISCAL AGENT AND THE PAYING AGENT. Each of the Trustee, the Custodian Fiscal Agent and the Certificate AdministratorPaying Agent, at its own respective expense, shall maintain in effect a Fidelity Bond and a an Errors and Omissions Insurance Policy. The Errors and Omissions Insurance Policy and Fidelity Bond shall be issued by a Qualified Insurer in form and in amount customary for trustees, custodians fiscal agents or certificate administrators paying agents in similar transactions (unless the Trustee, the Custodian Fiscal Agent or the Certificate AdministratorPaying Agent, as the case may be, self-self insures as provided below). If In the event that any such Errors and Omissions Insurance Policy or Fidelity Bond ceases to be in effect, the Trustee, the Custodian Fiscal Agent or the Certificate AdministratorPaying Agent, as the case may be, shall obtain a comparable replacement policy or bond from an insurer or issuer meeting the requirements set forth above as of the date of such replacement. So long as the long-term debt rating of the Trustee, the Custodian Fiscal Agent or the Certificate AdministratorPaying Agent, as the case may be, is not less than “A-” two rating categories (ignoring pluses or minuses) lower than the highest rating of the Certificates, but in any event not less than "A" as rated by Fitch, not less than “A3” as Fitch IBCA (if rated by Xxxxx’x Fitch IBCA, and “A (low)” as rated by DBRS (or, if not rated by DBRSFitch IBCA, an equivalent then otherwise acceptable to Fitch IBCA) and "A" as rated by DCR, if rated by 128 DCR, respectively (and if not rated by DCR, then a comparable rating such as that listed above for Xxxxx’x by from at least two other NRSRO’s (which may include S&P, Fitch and/or Xxxxx’x)nationally recognized statistical rating organizations or otherwise approved by DCR), the Trustee, the Custodian Fiscal Agent or the Certificate AdministratorPaying Agent, as the case may be, may self-insure for the Fidelity Bond and the Errors and Omissions Insurance Policy.

Fidelity Bond and Errors and Omissions Insurance Policy Maintained by the Trustee. the Custodian and the Certificate Administrator. Each of the Trustee, the Custodian and the Certificate Administrator, at its own respective expense, shall maintain in effect a Fidelity Bond and a Errors and Omissions Insurance Policy. The Errors and Omissions Insurance Policy and Fidelity Bond shall be issued by a Qualified Insurer in form and in amount customary for trustees, custodians or certificate administrators in similar transactions (unless the Trustee, the Custodian or the Certificate Administrator, as the case may be, self-insures as provided below). If any such Errors and Omissions Insurance Policy or Fidelity Bond ceases to be in effect, the Trustee, the Custodian or the Certificate Administrator, as the case may be, shall obtain a comparable replacement policy or bond from an insurer or issuer meeting the requirements set forth above as of the date of such replacement. So long as the long-term debt rating of the Trustee, the Custodian or the Certificate Administrator, as the case may be, is not less than “A-” as rated by Fitch, not less than “A3” as rated by Xxxxx’x Mxxxx’x and “A (low)” as rated by DBRS (or, if not rated by DBRS, an equivalent rating such as that listed above for Xxxxx’x Mxxxx’x by at least two other NRSRO’s (which may include S&P, Fitch and/or Xxxxx’xMxxxx’x)), the Trustee, the Custodian or the Certificate Administrator, as the case may be, may self-insure for the Fidelity Bond and the Errors and Omissions Insurance Policy.