NOW THEREFORE, IT IS AGREED. 1. In the event recovery is received under any joint insured bond as a result of a loss sustained by any two or more of the Funds covered by such bond, each Fund sustaining a loss shall receive an equitable and proportionate share of the recovery, but at least equal to the amount that it would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1).
Appears in 20 contracts
Samples: Agreement (Nuveen Multistate Trust Ii /Ma/), Agreement (Nuveen Short Duration Credit Opportunities Fund), Agreement (Nuveen Municipal Credit Opportunities Fund)