Common use of Errors, Controversies and Indemnities Clause in Contracts

Errors, Controversies and Indemnities. (i) Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent or any of its employees, which shall arise out of acts or omissions of the Correspondent or any of its employees (including, without limiting the foregoing, the failure of the Correspondent to deliver promptly to CSC any instructions received by the Correspondent from an Introduced Account with respect to the voting, tender or exchange of shares held in such Introduced Account), shall be the sole and exclusive responsibility and liability of the Correspondent. In the event, however, that by reason of such error, misunderstanding or controversy, the Correspondent in its discretion deems it advisable to commence an action or proceeding against an Introduced Account, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereto. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against CSC, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereof. (ii) Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent or any of its employees, which shall arise out of acts or omissions of CSC or any of its employees, shall be the sole and exclusive responsibility and liability of CSC. In the event, however, that by reason of such error, misunderstanding or controversy, CSC in its discretion deems it advisable to commence an action or proceeding against Tejas Securities Group -- Agreement an Introduced Account, CSC shall indemnify and hold the Correspondent harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent may incur or sustain in connection therewith or under any settlement thereof. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against the Correspondent, CSC shall indemnify and hold the Correspondent harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent may incur or sustain in connection therewith or under any settlement thereof. (iii) CSC and the Correspondent both agree to indemnify the other and hold the other harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) arising out of or resulting from any failure by the indemnifying party or any of its employees to carry out fully the duties and responsibilities assigned to the indemnifying party herein or any breach of any representation or warranty herein by the indemnifying party under this Agreement. The Correspondent hereby agrees to indemnify and hold CSC harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) sustained or incurred in connection herewith in the event any Introduced Account fails to fully pay for a cash transaction or to meet any initial margin call or subsequent maintenance calls, in conformity with Section V hereof. (iv) The indemnification provisions in this Agreement, shall remain operative and in full force and effect, regardless of the termination of this Agreement, and shall survive any such termination. (v) Correspondent agrees to maintain, and to provide evidence thereof to CSC, at least $250,000 blanket bond indemnity bond insurance covering any and all acts of its employees, agents and partners, with an insurance company reasonably acceptable to CSC, listing CSC as an insured party and permitting CSC to assume the policy in the event of the Correspondent ceasing operations.

Errors, Controversies and Indemnities. (i) A. Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the with Introduced Accounts and the Correspondent or any of its employees, which shall arise out of the acts or omissions of the Correspondent Introducing Firm or any of its employees (includingwhen not at the direction of Schroder, without limiting fault on the foregoing, the failure part of the Correspondent to deliver promptly to CSC any instructions received by the Correspondent from an Introduced Account with respect to the voting, tender or exchange of shares held in such Introduced Account)Schroder, shall be the sole and exclusive responsibility and liability of the Correspondent. Introducing Firm, In the event, however, that by reason of such error, misunderstanding or controversy, the Correspondent Introducing Firm in its discretion deems it advisable to commence an action or proceeding against an Introduced Account, the Correspondent Introducing Firm shall provide prior notice to Schroder of such commencement and shall indemnify and hold CSC the Clearing Firm harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereto. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against CSC, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC Clearing Firm may incur or sustain in connection therewith or under any settlement thereof. (ii) B. Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the with Introduced Accounts and the Correspondent or any of its employees, which shall arise out of the acts or omissions of CSC Schroder or any its employees when not at the direction of its employeesthe Introducing Firm, without fault on the part of the Introducing Firm, shall be the sole and exclusive responsibility and liability of CSC. Schroder- In the event, however, that by reason of such error, misunderstanding or controversy, CSC Schroder in its discretion deems it advisable to commence an action or proceeding against Tejas Securities Group -- Agreement an Introduced Account, CSC Schroder shall provide prior notice to the Introducing Firm of such commencement and shall indemnify and hold the Correspondent Introducing Firm harmless from any loss, liability, damage, cost or expense (including including, but not otherwise limited limited, to reasonable fees and expenses of legal counsel) ), which the Correspondent Introducing Firm may incur or sustain in connection therewith or under any settlement thereof. Schroder recognizes that it would be desirable to resolve any such errors, misunderstandings or controversies without litigation, and if possible, by negotiation between Schroder and the Introducing Firm. To this end, Schroder will give the Introducing Firm as much prior notice before commencing an action or proceeding against an Introduced Account as Schroder deems consistent with adequate protection Of its interests. (i) Schroder shall have the right to take whatever action it deems necessary to promptly effect a mitigation of damages or mitigation of losses arising out of a controversy or misunderstanding between Schroder and an Introduced Account without obtaining the consent of the Introducing Firm, provided such action shall be without prejudice to the rights of either party hereunder. Schroder recognizes the Introducing Firm's desire to preclude Schroder's direct contact with the client with respect to any such action referred to above, without initially contacting the Introducing Firm whenever such contact is possible, consistent with Schroder's protection of its interests. (ii) If such any error, controversy or misunderstanding or controversy shall result in the bringing of an action or proceeding against the CorrespondentIntroducing Firm or Schroder by an Introduced Account, CSC the party against whom such action or proceeding is brought shall indemnify and hold give written notice to the Correspondent harmless from other party to this Agreement if a claim is intended to be asserted against such other party with respect to any loss, liability, damage, cost damage or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent may incur or sustain in connection therewith or under any settlement thereof. (iii) CSC and the Correspondent both agree to indemnify the other and hold the other harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) arising out of such action or resulting from any failure by the indemnifying proceeding, and such other party or any of its employees shall be entitled to carry out fully the duties and responsibilities assigned to the indemnifying party herein or any breach of any representation or warranty herein by the indemnifying party under this Agreement. The Correspondent hereby agrees to indemnify and hold CSC harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) sustained or incurred in connection herewith participate in the event any Introduced Account fails to fully pay for a cash transaction or to meet any initial margin call or subsequent maintenance calls, in conformity with Section V hereofdefense thereof at its own expense. (iv) The indemnification provisions in this Agreement, shall remain operative and in full force and effect, regardless of the termination of this Agreement, and shall survive any such termination. (v) Correspondent agrees to maintain, and to provide evidence thereof to CSC, at least $250,000 blanket bond indemnity bond insurance covering any and all acts of its employees, agents and partners, with an insurance company reasonably acceptable to CSC, listing CSC as an insured party and permitting CSC to assume the policy in the event of the Correspondent ceasing operations.

Errors, Controversies and Indemnities. (i) A. Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent Introducing Firm or any of its employees, which shall arise out of acts or omissions of the Correspondent Introducing Firm or any of its employees (including, without limiting the foregoing, the failure of the Correspondent Introducing Firm to deliver promptly to CSC the Clearing Firm any instructions received by the Correspondent Introducing Firm from an Introduced Account with respect to the voting, tender or exchange of shares held in such Introduced Account), shall be the sole and exclusive responsibility and liability of the CorrespondentIntroducing Firm. In the event, however, that by reason of such error, misunderstanding or controversy, the Correspondent Introducing Firm in its discretion deems it advisable to commence an action or proceeding against an Introduced Account, the Correspondent Introducing Firm shall indemnify and hold CSC the Clearing Firm harmless from any loss, liability, damage, cost or expense expense, penalties or taxes (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereto. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against CSC, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereof. (ii) Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent or any of its employees, which shall arise out of acts or omissions of CSC or any of its employees, shall be the sole and exclusive responsibility and liability of CSC. In the event, however, that by reason of such error, misunderstanding or controversy, CSC in its discretion deems it advisable to commence an action or proceeding against Tejas Securities Group -- Agreement an Introduced Account, CSC shall indemnify and hold the Correspondent harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent Clearing Firm may incur or sustain in connection therewith or under any settlement thereof. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against the CorrespondentClearing Firm, CSC the Introducing Firm shall indemnify and hold the Correspondent Clearing Firm harmless from any loss, liability, damage, cost or expense expense, penalties or taxes, (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent Clearing Firm may incur or sustain in connection therewith or under any settlement thereof. (iii) CSC B. Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent Introducing Firm or any of its employees, which shall arise out of acts or omissions of the Clearing Firm or any of its employees, shall be the sole and exclusive responsibility and liability of the Clearing Firm. In the event, however, that by reason of such error, misunderstanding or controversy, the Clearing Firm in its discretion deems it advisable to commence an action or proceeding against an Introduced Account, the Clearing Firm shall indemnify and hold the Introducing Firm harmless from any loss, liability, damage, cost or expense, penalties or taxes, (including but not otherwise limited to fees and expenses of legal counsel) which the Introducing Firm may incur or sustain in connection therewith or under any settlement thereof. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against the Introducing Firm, the Clearing Firm shall indemnify and hold the Introducing Firm harmless from any loss, liability, damage, cost or expense, penalties or taxes, (including but not otherwise limited to fees and expenses of legal counsel) which the Introducing Firm may incur or sustain in connection therewith or under any settlement thereof. C. The Clearing Firm and the Introducing Firm both agree to indemnify the other and hold the other harmless from and against any loss, liability, damage, cost or expense expense, penalties or taxes, (including but not otherwise limited to reasonable fees and expenses of legal counsel) arising out of or resulting from any failure by the indemnifying party or any of its employees to carry out fully the duties and responsibilities placed upon the indemnifying party by state or federal law, rule or regulation, or the rules and regulations of any stock exchange or other applicable self-regulatory organization, or assigned to the indemnifying party herein (including, without limitation, the indemnification obligations contained in this Agreement) or any breach of any representation or warranty herein by the indemnifying party under this Agreement. The Correspondent Introducing Firm hereby agrees to indemnify and hold CSC the Clearing Firm harmless from and against any loss, liability, damage, cost or expense expense, penalties or taxes, (including but not otherwise limited to reasonable fees and expenses of legal counsel) sustained or incurred in connection herewith in the event any Introduced Account fails to fully pay for a cash transaction or to meet any initial margin call or subsequent maintenance callscall, in conformity with Section V Article VIII hereof. (iv) D. The indemnification provisions in this Agreement, Agreement shall remain operative and in full force and effect, regardless of the termination of this Agreement, and shall survive any such termination. (v) Correspondent agrees to maintain, and to provide evidence thereof to CSC, at least $250,000 blanket bond indemnity bond insurance covering any and all acts of its employees, agents and partners, with an insurance company reasonably acceptable to CSC, listing CSC as an insured party and permitting CSC to assume the policy in the event of the Correspondent ceasing operations.

Errors, Controversies and Indemnities. (i) A. Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the with Introduced Accounts and the Correspondent or any of its employees, which shall arise out of the acts or omissions of the Correspondent Introducing Firm or any of its employees (includingwhen not at the direction of Schroder, without limiting fault on the foregoing, the failure part of the Correspondent to deliver promptly to CSC any instructions received by the Correspondent from an Introduced Account with respect to the voting, tender or exchange of shares held in such Introduced Account)Schroder, shall be the sole and exclusive responsibility and liability of the CorrespondentIntroducing Firm. In the event, however, that by reason of such error, misunderstanding or controversy, the Correspondent Introducing Firm in its discretion deems it advisable to commence an action or proceeding against an Introduced Account, the Correspondent Introducing Firm shall provide prior notice to Schroder of such commencement and shall indemnify and hold CSC the Clearing Firm harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereto. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against CSC, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC Clearing Firm may incur or sustain in connection therewith or under any settlement thereof. (ii) B. Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the with Introduced Accounts and the Correspondent or any of its employees, which shall arise out of the acts or omissions of CSC Schroder or any its employees when not at the direction of its employeesthe Introducing Firm, without fault on the part of the Introducing Firm, shall be the sole and exclusive responsibility and liability of CSCSchroder. In the event, however, that by reason of such error, misunderstanding or controversy, CSC Schroder in its discretion deems it advisable to commence an action or proceeding against Tejas Securities Group -- Agreement an Introduced Account, CSC Schroder shall provide prior notice to the Introducing Firm of such commencement and shall indemnify and hold the Correspondent Introducing Firm harmless from any loss, liability, damage, cost or expense (including including, but not otherwise limited limited, to reasonable fees and expenses of legal counsel) ), which the Correspondent Introducing Firm may incur or sustain in connection therewith or under any settlement thereof. Schroder recognizes that it would be desirable to resolve any such errors, misunderstandings or controversies without litigation, and, if possible, by negotiation between Schroder and the Introducing Firm. To this end, Schroder will give the Introducing Firm as much prior notice before commencing an action or proceeding against an Introduced Account as Schroder deems consistent with adequate protection of its interests. (i) Schroder shall have the right to take whatever action it deems necessary to promptly effect a mitigaton of damages or mitigation of losses arising out of a controversy or misunderstanding between Schroder and an Introduced Account without obtaining the consent of the Introducing Firm, provided such action shall be without prejudice to the rights of either party hereunder. Schroder recognizes the Introducing Firm's desire to preclude Schroder's direct contact with the client with respect to any such action referred to above, without initially contacting the Introducing Firm whenever such contact is possible, consistent with Schroder's protection of its interests. (ii) If such any error, controversy or misunderstanding or controversy shall result in the bringing of an action or proceeding against the CorrespondentIntroducing Firm or Schroder by an Introduced Account, CSC the party against whom such action or proceeding is brought shall indemnify and hold give written notice to the Correspondent harmless from other party to this Agreement if a claim is intended to be asserted against such other party with respect to any loss, liability, damage, cost damage or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent may incur or sustain in connection therewith or under any settlement thereof. (iii) CSC and the Correspondent both agree to indemnify the other and hold the other harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) arising out of such action or resulting from any failure by the indemnifying proceeding, and such other party or any of its employees shall be entitled to carry out fully the duties and responsibilities assigned to the indemnifying party herein or any breach of any representation or warranty herein by the indemnifying party under this Agreement. The Correspondent hereby agrees to indemnify and hold CSC harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) sustained or incurred in connection herewith participate in the event any Introduced Account fails to fully pay for a cash transaction or to meet any initial margin call or subsequent maintenance calls, in conformity with Section V hereofdefense thereof at its own expense. (iv) The indemnification provisions in this Agreement, shall remain operative and in full force and effect, regardless of the termination of this Agreement, and shall survive any such termination. (v) Correspondent agrees to maintain, and to provide evidence thereof to CSC, at least $250,000 blanket bond indemnity bond insurance covering any and all acts of its employees, agents and partners, with an insurance company reasonably acceptable to CSC, listing CSC as an insured party and permitting CSC to assume the policy in the event of the Correspondent ceasing operations.

Errors, Controversies and Indemnities. (i) Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent or any of its employees, which shall arise out of acts or omissions of or the Correspondent or any of its employees (including, without limiting the foregoing, the failure of the Correspondent to deliver promptly to CSC any instructions received by the Correspondent from an Introduced Account with respect to the voting, tender or exchange of shares held in such Introduced Account), shall be the sole and exclusive responsibility and liability of the Correspondent. In the event, however, that by reason of such error, misunderstanding or controversy, the Correspondent in its discretion deems it advisable to commence an action or proceeding against an Introduced Account, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereto. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against CSC, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereof. (ii) Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent or any of its employees, which shall arise out of acts or omissions of CSC or any of its employees, shall be the sole and exclusive responsibility and liability of CSC. In the event, however, that by reason of such error, misunderstanding or controversy, CSC in its discretion deems it advisable to commence an action or proceeding against Tejas Securities Group -- Agreement an Introduced Account, CSC shall indemnify and hold the Correspondent harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent may incur or sustain in connection therewith or under any settlement thereof. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against the Correspondent, CSC shall indemnify and hold the Correspondent harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent may incur or sustain in connection therewith or under any settlement thereof. (iii) CSC and the Correspondent both agree to indemnify the other and hold the other harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) arising out of or resulting from any failure by the indemnifying party or any of its employees to carry out fully the duties and responsibilities assigned to the indemnifying party herein or any breach of any representation or warranty herein by the indemnifying party under this Agreement. The Correspondent hereby agrees to indemnify and hold CSC harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) sustained or incurred in connection herewith in the event any Introduced Account fails to fully pay for a cash transaction or to meet any initial margin call or subsequent maintenance calls, in conformity with Section V hereof. (iv) The indemnification provisions in this Agreement, shall remain operative and in full force and effect, regardless of the termination of this Agreement, and shall survive any such termination. (v) Correspondent agrees to maintain, and to provide evidence thereof to CSC, at least $250,000 blanket bond indemnity bond insurance covering any and all acts of its employees, agents and partners, with an insurance company reasonably acceptable to CSC, listing CSC as an insured party and permitting CSC to assume the policy in the event of the Correspondent ceasing operations.

Errors, Controversies and Indemnities. (i) Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent or any of its employees, which shall arise out of acts or omissions of the Correspondent or any of its employees (including, without limiting the foregoing, the failure of the Correspondent to deliver promptly to CSC any instructions received by the Correspondent from an Introduced Account with respect to the voting, tender or exchange of shares held in such Introduced Account), shall be the sole and exclusive responsibility and liability of the Correspondent. In the event, however, that by reason of such error, misunderstanding or controversy, the Correspondent in its discretion deems it advisable to commence an action or proceeding against an Introduced Account, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereto. If such error, misunderstanding or controversy shall 11 result in the bringing of an action or proceeding against CSC, the Correspondent shall indemnify and hold CSC harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which CSC may incur or sustain in connection therewith or under any settlement thereof. (ii) Errors, misunderstandings or controversies, except those specifically otherwise covered in this Agreement, between the Introduced Accounts and the Correspondent or any of its employees, which shall arise out of acts or omissions of CSC or any of its employees, shall be the sole and exclusive responsibility and liability of CSC. In the event, however, that by reason of such error, misunderstanding or controversy, CSC in its discretion deems it advisable to commence an action or proceeding against Tejas Securities Group -- Agreement an Introduced Account, CSC shall indemnify and hold the Correspondent harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent may incur or sustain in connection therewith or under any settlement thereof. If such error, misunderstanding or controversy shall result in the bringing of an action or proceeding against the Correspondent, CSC shall indemnify and hold the Correspondent harmless from any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) which the Correspondent may incur or sustain in connection therewith or under any settlement thereof. (iii) CSC and the Correspondent both agree to indemnify the other and hold the other harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) arising out of or resulting from any failure by the indemnifying party or any of its employees to carry out fully the duties and responsibilities assigned to the indemnifying party herein or any breach of any representation or warranty herein by the indemnifying party under this Agreement. The Correspondent hereby agrees to indemnify and hold CSC harmless from and against any loss, liability, damage, cost or expense (including but not otherwise limited to reasonable fees and expenses of legal counsel) sustained or incurred in connection herewith in the event any Introduced Account fails to fully pay for a cash transaction or to meet any initial margin call or subsequent maintenance calls, in conformity with Section V hereof. (iv) The indemnification provisions in this Agreement, shall remain operative and in full force and effect, regardless of the termination of this Agreement, and shall survive any such termination. (v) Correspondent agrees to maintain, and to provide evidence thereof to CSC, at least $250,000 blanket bond indemnity bond insurance covering any and all acts of its employees, agents and partners, with an insurance company reasonably acceptable to CSC, listing CSC as an insured party and permitting CSC to assume the policy in the event of the Correspondent ceasing operations.