Allocation of Recovery. In the event recovery is received under the Bond as a result of loss sustained by more than one of the Insureds, each such Registrant shall receive an equitable and proportionate share of the recovery which shall be at least equal to the amount which that Registrant 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 27 contracts
Samples: Joint Fidelity Bond Agreement (Third Avenue Variable Series Trust), Joint Fidelity Bond Agreement (Third Avenue Variable Series Trust), Joint Fidelity Bond Agreement (J.P. Morgan Exchange-Traded Fund Trust)
Allocation of Recovery. In the event recovery is received under the Bond as a result of a loss sustained by more than one of the InsuredsRegistrants, each such Registrant shall receive an equitable and proportionate share of the recovery which shall be at least equal to the amount which that Registrant 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 3 contracts
Samples: Joint Fidelity Bond Agreement (J.P. Morgan Access Multi-Strategy Fund II), Joint Fidelity Bond Agreement (J.P. Morgan Access Multi-Strategy Fund II), Joint Fidelity Bond Agreement (J.P. Morgan Access Multi-Strategy Fund II)
Allocation of Recovery. In the event recovery is received under the Bond as a result of loss sustained by more than one of the Insureds, Insureds each such Registrant shall receive an equitable and proportionate share of the recovery which shall be at least equal to the amount which that Registrant 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 1 contract
Samples: Joint Fidelity Bond Agreement (JPMorgan Institutional Trust)
