Common use of Initial Allocation Clause in Contracts

Initial Allocation. Each Fund involved in an insured loss which involves another Fund shall receive a portion of the proceeds from the Bond equal to the lesser of (i) the amount of that Fund’s loss or (ii) an amount equal to the product of the Bond Amount multiplied by that Fund’s Loss Percentage, which initial allocation assures that each Fund shall receive the full amount of its loss up to the amount of its Basic Coverage.

Appears in 7 contracts

Samples: Fidelity Bond Joint Insureds Agreement (Equitrust Series Fund Inc), Fidelity Bond Joint Insureds Agreement (Equitrust Variable Insurance Series Fund), Joint Insureds Agreement (Equitrust Series Fund Inc)

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Initial Allocation. Each Fund involved in an insured loss which involves another Fund shall receive a portion of the proceeds from the Bond equal to the lesser of (i) the amount of that Fund’s 's loss or (ii) an amount equal to the product of the Bond Amount multiplied by that Fund’s 's Loss Percentage, which initial allocation assures that each Fund shall receive the full amount of its loss up to the amount of its Basic Coverage.

Appears in 4 contracts

Samples: Joint Insureds Agreement (FBL Money Market Fund Inc), Fidelity Bond Joint Insureds Agreement (FBL Variable Insurance Series Fund), Fidelity Bond Joint Insureds Agreement (FBL Series Fund Inc)

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Initial Allocation. Each Fund involved in an insured loss which involves another Fund shall receive a portion of the proceeds from the Bond equal to the lesser of (i( i ) the amount of that Fund’s 's loss or (ii) an amount equal to the product of the Bond Amount multiplied by that Fund’s 's Loss Percentage, which initial allocation assures that each Fund shall receive the full amount of its loss up to the amount of its Basic Coverage.

Appears in 1 contract

Samples: Fidelity Bond Joint Insureds Agreement (FBL Money Market Fund Inc)

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