BFST definition
Examples of BFST in a sentence
Recovery by BFST under the Bond shall likewise be allocated among the Funds based upon the relative premiums for such Bond period borne by the Funds incurring such loss.
BFST shall further allocate its portion of the premium among the Funds in the same proportion as the percentage amount each Fund’s net assets bears to BFST’s net assets as of the same date.
Recovery of a loss covered under the Bond sustained by more than one Insured that in the aggregate exceeds the amount of coverage provided by the Bond shall be equitably and proportionately shared among all such Insureds in amounts consistent with the portion of the Bond premium allocated to each such Insured, provided that, in any event, BFST shall receive not less than the amount of its primary coverage shown on Schedule A.
No deductible under the Bond shall be required for BFST with respect to a loss sustained by a Company resulting from larceny or embezzlement.
Each Insured shall have “primary” (i.e., minimum assured) coverage under the Bond with respect to each loss covered under the Bond in the amount shown for such Insured on Schedule A hereto, that, with respect to BFST, is at least equal to the amount that BFST would have received had it provided and maintained a single insured bond with the minimum coverage required by paragraph (d)(1) of Rule 17g-1 under the Act.
BFST will be the surviving corporation in the Merger (“Surviving Corporation”) and will continue its corporate existence under the LBCA.
This Agreement has been duly and validly executed and delivered by BFST.
Neither the right to obtain such relief nor the obtaining of such relief shall be exclusive or preclude BFST and the Bank from any other remedy.
BFST has taken all requisite corporate action necessary to authorize the execution, delivery and (provided the required regulatory and shareholder approvals are obtained) performance of this Agreement and the other agreements and documents contemplated by this Agreement to which it is a party.
This Agreement shall be binding upon and shall inure to the benefit of BFST, the Bank, their respective successors and assigns, and each of BFST and the Bank shall require any successors and assigns to expressly assume and agree to perform this Agreement in the same manner and to the same extent that BFST and the Bank would be required to perform it if no such succession or assignment had taken place.