Common use of Ratable Allocation of Proceeds Clause in Contracts

Ratable Allocation of Proceeds. a. If more than one of the parties sustains a single loss (including a loss sustained before the date hereof) for which recovery is received under the Bond, each such party shall receive that portion of the recovery which is sufficient in amount to indemnify that party in full for the loss sustained by it, unless the recovery is inadequate to fully indemnify all such parties sustaining a single loss.

Appears in 70 contracts

Samples: Joint Insured Bond Agreement (Pender Real Estate Credit Fund), Joint Insured Bond Agreement (Cascade Private Capital Fund), Joint Insured Bond Agreement (Destiny Alternative Fund LLC)

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Ratable Allocation of Proceeds. a. (a) If more than one of the parties sustains a single loss (including a loss sustained before the date hereof) for which recovery is received under the Bond, each such party shall receive that portion of the recovery which is sufficient in amount to indemnify that party in full for the loss sustained by it, unless the recovery is inadequate to fully indemnify all such parties sustaining a single loss.

Appears in 19 contracts

Samples: Joint Insured Bond Agreement (GAI Agility Income Fund), Joint Insured Bond Agreement (GAI Corbin Multi-Strategy Fund, LLC), Joint Insured Bond Agreement (GAI Agility Income Fund)

Ratable Allocation of Proceeds. a. (a) If more than one of the parties Insured Parties sustains a single loss (including a loss sustained before the date hereof) ), for which recovery is received under the Bond, each such party Insured Party shall receive that portion of the recovery which that is sufficient in amount to indemnify that party Insured Party in full for the loss sustained by it, unless the recovery is inadequate to fully indemnify all such parties Insured Parties sustaining a single loss.

Appears in 13 contracts

Samples: Agreement of the Joint Insureds (Alpine Global Premier Properties Fund), Agreement of the Joint Insureds (Alpine Global Premier Properties Fund), Agreement of the Joint Insureds (Cornerstone Strategic Value Fund Inc)

Ratable Allocation of Proceeds. a. (a) If more than one of the parties sustains is damaged in a single loss (including a loss sustained before the date hereof) for which recovery is received under the Bondjoint insured bond, each such party shall receive that portion of the recovery which is sufficient in amount to indemnify that party in full for represents the loss sustained by itthat party, unless the recovery is inadequate fully to fully indemnify all each such parties party sustaining a single loss.

Appears in 9 contracts

Samples: Joint Insured Bond Agreement (Rx Funds Trust), Joint Insured Bond Agreement (Rx Funds Trust), Joint Insured Bond Agreement (American Independence Funds Trust)

Ratable Allocation of Proceeds. a. (a) If more than one of the parties sustains Parties is damaged in a single loss (including a loss sustained before the date hereof) for which recovery is received under the Bondjoint insured bond, each such party Party shall receive that portion of the recovery which is sufficient in amount to indemnify that party in full for represents the loss sustained by itthe Party, but at least equal to the amount which it would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule l7g-l, unless the recovery is inadequate fully to fully indemnify all each such parties Party sustaining a single loss.

Appears in 6 contracts

Samples: Joint Insured Bond Agreement (Ge Institutional Funds), Joint Insured Bond Agreement (Elfun Tax Exempt Income Fund), Joint Insured Bond Agreement (General Electric S&s Income Fund)

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Ratable Allocation of Proceeds. a. (a) If more than one of the parties sustains Parties is damaged in a single loss (including a loss sustained before the date hereof) for which recovery is received under the Bondjoint insured bond, each such party Party shall receive that portion of the recovery which is sufficient in amount to indemnify that party in full for represents the loss sustained by itthe Party, but at least equal to the amount which it would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule l7g-l. unless the recovery is inadequate fully to fully indemnify all each such parties Party sustaining a single loss.

Appears in 5 contracts

Samples: Joint Insured Bond Agreement (General Electric S&s Income Fund), Joint Insured Bond Agreement (Elfun Money Market Fund), Joint Insured Bond Agreement (Ge Investment Funds Inc)

Ratable Allocation of Proceeds. a. (a) If more than one of the parties (or Funds) sustains a single loss (including a loss sustained before the date hereof) for which recovery is received under the Bond, each such party Party or Fund shall receive that portion of the recovery which is sufficient in amount to indemnify that party Party in full for the loss sustained by it, unless the recovery is inadequate to fully indemnify all such parties Parties and Funds sustaining a single loss.

Appears in 1 contract

Samples: Agreement (Allstate Financial Investment Trust)

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