Amount of Coverage Maintained Clause Samples

Amount of Coverage Maintained. The amount of fidelity bond coverage under the Bond shall at all times be at least equal in amount to the total amount of coverage which each Registrant would have been required to provide and maintain individually pursuant to the schedule set forth in paragraph (d) of Rule 17g-1 under the 1940 Act had each Registrant not been a named Insured under the Bond.

Amount of Coverage Maintained. The amount of fidelity coverage under the Bond shall at all times be at least equal to the sum of: (a) the total amount of coverage the Insured would have been required to provide and maintain individually pursuant to the schedule set forth in paragraph (d)(1) of Rule 17g-1 had the other not been a named insured under the Bond, plus (b) the amount of each bond which each other named Insured would have been required to provide and maintain pursuant to federal statutes or regulations had such Insured not been named as an insured under the Bond (such amounts, respectively, the “minimum coverage requirement” for each Insured). The amount of fidelity coverage under the Bond shall be approved at least annually by the Board of Directors of each Insured, including a majority of those directors who are not “interested persons” of the Insureds.

Amount of Coverage Maintained. The amount of the fidelity coverage under the Bond shall at all times be at least equal to the total amount of coverage which the Funds would have been required to provide and maintain individually pursuant to the schedule set forth in Rule 17g-1(d) under the 1940 Act had the Funds not been named insureds under the Bond. The amount of fidelity coverage under the Bond shall be approved at least annually by the Board of Trustees of each Fund, including a majority of those trustees who are not “interested persons” of the applicable Fund as defined by Section 2(a)(19) of the 1940 Act (the “Independent Trustees”).

Amount of Coverage Maintained. The amount of fidelity coverage under the Bond shall at all times be at least equal in the amount to the sum of (i) the total amount of coverage which the Trust, on behalf of each Portfolio, would have been required to provide and maintain individually pursuant to the schedule set forth in paragraph (d) of Rule 17g-1 under the 1940 Act had the Trust not been a named insured under the Bond, plus (ii) the amount of each bond which the Manager would have been required to provide and maintain pursuant to federal statutes or regulations had it not been a named insured under the Bond. The amount of fidelity coverage under the Bond shall be approved at least annually by the Board of Trustees of the Trust, including a majority of those Trustees who are not “interested persons” of the Trust, including a majority of those Trustees who are not “interested persons” of the Trust as defined by Section 2(a)(19) of the 1940 Act.

Amount of Coverage Maintained. (a) The amount of fidelity coverage under the Bond shall at all times be at least equal in the amount to the sum of (i) the total amount of coverage which the Trust, on behalf of each Fund, would have been required to provide and maintain individually pursuant to the schedule set forth in paragraph (d) of Rule 17g-1 had the Trust not been a named insured under the Bond, plus (ii) the amount of each bond which the Advisor would have been required to provide and maintain pursuant to federal statutes or regulations had it not been a named insured under the Bond. The amount of fidelity coverage under the Bond shall be approved at least annually by the Board of Trustees of the Trust, including a majority of those Trustees who are not "interested persons" of the Trust as defined by Section 2(a)(19) of the 1940 Act ("Section 2(a)(19)"). (b) The annual premium for the D&O/E&O Policy shall be allocated among the Joint Insureds in accordance with Rule 17d-1(d)(7). The portion of the premium allocated to the Trust to be borne by the Fund in each policy year shall be determined at least annually by calculating the proportion of net assets of the Fund on an appropriate date as determined by the Fund's Treasurer and applying said proportion to the balance of the respective premium, unless the parties determine that it would be more equitable for the Fund to pay a different amount.

Amount of Coverage Maintained. The amount of fidelity coverage under the Bond shall at all times be at least equal to the sum of: (a) the total amount of coverage that NSC, NSC-Master and NSC-T would have been required to provide and maintain individually pursuant to the schedule set forth in paragraph (d)(1) of Rule 17g-1 had NSC-Master, NSC and NSC-T not been named insureds under the Bond, and (b) the amount of each bond that each other named Insured would have been required to provide and maintain pursuant to federal statutes or regulations had it not been named as an insured under the Bond (such amounts, respectively, the “minimum coverage requirement” for each Insured). The amount of fidelity coverage under the Bond shall be approved not less than once every twelve months by the board of trustees of each of NSC-Master, NSC and NSC-T, including a majority of those trustees who are not “interested persons” of NSC-Master, NSC and NSC-T, as defined in Section 2(a)(19) of the 1940 Act (the “Independent Trustees”).