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 Trustee, 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 similar transactions (unless the Trustee self insures as provided below). In the event that any such Errors and Omissions Insurance Policy or Fidelity Bond ceases to be in effect, the Trustee 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 is not less than "A" as rated by Fitch, if rated by Fitch and "A" as rated by S&P, if rated by S&P, respectively, the Trustee 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 Trustee, 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 in similar transactions (unless the Trustee self self-insures as provided below). In the event that any such Errors and Omissions Insurance Policy or Fidelity Bond ceases to be in effect, the Trustee 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 is not less than 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, if rated by Fitch and "ABBB" as rated by S&P, if rated by S&P, S&P respectively, the Trustee may self-insure for the Fidelity Bond and the Errors and Omissions Insurance Policy.