Fidelity Bonding. Covering all employees who handle the subrecipient’s funds. The bond amount must be equivalent to the highest daily cash balance or a minimum amount of $50,000.
Fidelity Bonding. Covering all employees who handle the agency's funds. The bond amount must be equivalent to the highest daily cash balance or a minimum amount of $50,000. Insurance – Government/Municipality Documentation of the above coverage requirements are not applicable to government/municipalities that are self-insured.
Fidelity Bonding. Unless otherwise authorized by the Grantor, the Grantee shall procure fidelity bonding for anyone authorized to sign checks, certify vouchers and/or handle or control funds, checks, securities or property. If a check signing machine is used which is not operated under the direct supervision of the authorized signer or counter-signer, the machine operator shall be bonded in the same amount as the check-signer. The amount of the bond required shall be adequate to insure the security of all funds received under this Contract as determined by the Grantor and such bond must be maintained until the Contract is closed out by the Grantor.
Fidelity Bonding. The CONTRACTOR shall ensure that employees who have financial responsibilities related to the receipt and disbursement of funding under this agreement shall be covered by fidelity bond. The coverage required and to be maintained for fidelity bond insurance shall be minimally: An amount equal to, but not less than 10% of contract total contained in Exhibit B (Payment Provision) of this AGREEMENT when program funded/cost reconciled; An amount equal to, but not less than $50,000 when the AGREEMENT is fee- based/per diem funded; An amount equal to, but not less than 10% of the program funded amount plus $50,000 for fee-based services when the contract contains both fee-based/per diem and program funded services.
Fidelity Bonding. Unless otherwise authorized by Authority, Grantee shall procure fidelity bonding for anyone authorized to sign checks, certify vouchers and/or handle or control funds, checks, securities or property on Xxxxxxx’s behalf. The amount of the bond required shall be adequate to insure the security of all funds received under this Contract, and such bond must be maintained until the Contract is closed out by Authority.
Fidelity Bonding. Borrower shall maintain officer fidelity bonding in the amount of at least $500,000.00 with reputable insurers, however, such amount shall be subject to reasonable change based on review of the cost of such premiums.
Fidelity Bonding. Borrower shall obtain within 30 days after the Execution Date, and shall thereafter maintain for the term of the Lender Loan, officer fidelity bonding in the amount of at least $500,000.00, however, such amount shall be subject to reasonable change based on review of the cost of such premiums; and,
Fidelity Bonding. The City will provide insurance and furnish to the Contractor, fidelity bonding covering its employees and agents collecting or handling City fees or revenues.
Fidelity Bonding. Unless otherwise authorized by the CFA and the Borough, the Authority shall procure and maintain throughout fidelity bonding for anyone authorized to sign checks, certify vouchers and/or handle or control funds, checks, securities or property. If a check signing machine is used which is not operated under the direct supervision of the authorized signer or counter signer, the machine operator shall be bonded in the same amount as the check signer. The amount of the bond required shall be adequate to insure the security of all funds received under this Agreement.
Fidelity Bonding a. In accordance with Article IV(a) of the Contract, the Grantee shall complete and submit to the Grantor, simultaneously with the submission of each Funding Release Form, a Fidelity Bond Form (to be provided by the Department) containing the following information: :
