Ratable Allocation of Proceeds. (a) If only one party is damaged in a single loss for which recovery is received under the joint insured bond, the proceeds of the bond shall be paid to such party.
Appears in 3 contracts
Samples: Joint Insured Fidelity Bond Agreement (Stratton Funds, Inc.), Joint Insured Fidelity Bond Agreement (Stratton Real Estate Fund, Inc.), Joint Insured Bond Agreement (Stratton Real Estate Fund, Inc.)
Ratable Allocation of Proceeds. (a) If only one party is damaged in a single loss for which recovery is received under the joint insured fidelity bond, the proceeds of the bond shall be paid to such party.
Appears in 1 contract
Samples: Joint Insured Fidelity Bond Agreement (Stratton Funds, Inc.)
