Fidelity Insurance. Every officer, director, employee, or agent who is authorized to act on behalf of the Contractor for the purpose of receiving or depositing funds into program accounts or issuing financial documents, checks, or other instruments of payment for program costs shall be insured to provide protection against loss:
i. The amount of fidelity coverage secured pursuant to this Contract shall be $100,000 or the highest of planned reimbursement for the Contract period, whichever is greatest. Fidelity insurance secured pursuant to this paragraph shall name the Contractor as beneficiary.
ii. Subcontractors that receive $10,000 or more per year in funding through this Contract shall secure fidelity insurance as noted above. Fidelity insurance secured by subcontractors pursuant to this paragraph shall name the Contractor as beneficiary.
Fidelity Insurance. If the Contractor receives $10,000 or more per year in funding from a granting agency, the Contractor shall provide the County with proof of Fidelity Insurance. The insurance must be maintained throughout the term of this Contract. Every officer, director, employee, or agent who is authorized to act on behalf of the Contractor for the purpose of receiving or depositing funds, or for issuing financial documents, checks, or other instruments of payment shall be insured to provide protection against loss. The amount of Fidelity coverage secured shall be either $100,000 or the highest planned reimbursement for the contract period, whichever is lowest. Fidelity Insurance secured pursuant to this paragraph shall name Xxxxx County as beneficiary.
Fidelity Insurance. The Seller shall maintain at all times an employee dishonesty policy providing an indemnity for losses caused by the fraudulent or dishonest acts of the Seller’s officers and employees in an amount no less than $1,000,000 in form and scope reasonably satisfactory to the Agent. Each such insurance policy shall name the Agent as an additional insured. In the event any GWG Party receives any payment in respect of any such policy, such GWG Party shall deposit the amount of such payment into the Collection Account and such payment shall be treated as Collections hereunder. The Seller shall provide to the Agent, not less than annually, evidence reasonably satisfactory to the Agent demonstrating that each insurance policy required to be maintained by them hereunder has been so maintained and all premiums required to be paid with respect thereto have been so paid.
Fidelity Insurance. The Seller shall maintain, at its own expense, a fidelity insurance policy, with broad coverage with responsible companies on all officers, employees or other persons acting on behalf of the Seller in any capacity with regard to the Receivables and Related Assets in handling documents and papers related thereto. Any such fidelity insurance shall protect and insure the Seller against losses, including forgery, theft, embezzlement, and fraud, and shall be maintained in an amount of at least [*] or such lower amount as the Purchaser or any of its assigns may in their commercially reasonable credit judgment designate to the Seller from time to time. No provision of this Section 5.01(i) requiring such fidelity insurance shall diminish or relieve the Seller from its duties and obligations as set forth in this Agreement or any of the other Transaction Documents. The Seller shall be deemed to have complied with this provision if one of its Affiliates has such fidelity policy coverage and, by the terms of such fidelity policy, the coverage afforded thereunder extends to the Seller. Upon the request of the Purchaser or any of its respective assigns, the Seller shall cause to be delivered to the Purchaser or such assigns at any time thereafter, as applicable, a certification evidencing coverage under such fidelity policy. Any such insurance policy shall contain a provision or endorsement providing that such policy may not be canceled or modified without ten (10) days’ prior written notice to the Purchaser and such assigns.
Fidelity Insurance. Tenant shall provide and keep in effect a policy of insurance against employee dishonesty in an amount not less than One Million and No/100 Dollars ($1,000,000) and with a deductible not greater than Twenty-five Thousand and No/100 Dollars ($25,000.00).
Fidelity Insurance. The Bank is insured under a Banker's Blanket Bond which is in full force and effect and the Bank has not received notice of cancellation or non-renewal thereof, or filed any claim thereunder during the past five years. There are no unresolved claims.
Fidelity Insurance. Employees of the Manager who handle or are responsible for funds of FNF shall be covered by fidelity insurance in an amount not less than $500,000.
Fidelity Insurance. Every officer, director, employee, or agent who is authorized to act on behalf of LEDC for the purpose of receiving or depositing funds into program accounts or issuing financial documents, checks, or other instruments of payment for program costs shall be insured to provide protection against loss:
i. The amount of fidelity coverage secured pursuant to this MOU shall be $100,000 or the highest of planned reimbursement for the MOU period, whichever is greatest. Fidelity insurance secured pursuant to this paragraph shall name LEDC as beneficiary.
ii. Subcontractors that receive $10,000 or more per year in funding through this MOU shall secure fidelity insurance as noted above. Fidelity insurance secured by subcontractors pursuant to this paragraph shall name the Contractor as beneficiary.
Fidelity Insurance. Prior to the disbursement of any funds to the Subrecipient, the Subrecipient shall cause DCD to receive a report from the Subrecipient’s insurer to the effect that all persons handling funds received or disbursed under this Contract are covered by fidelity insurance for the maximum amount of this Contract. The Subrecipient shall arrange with the insurer to notify DCD directly ten (10) days prior to the cancellation of the insurance, should this occur.
Fidelity Insurance. 15.3.1 In addition to the requirements of clause 15.1, the Provider will, from the commencement date, maintain a fidelity insurance policy, on terms and in respect of risks approved by the Authority, with an insurer approved by the Authority, in relation to any direct financial loss the Provider may sustain from any acts of fraud or dishonesty committed by it in its capacity as
15.3.2 Without limiting clause 15.3.1, the Provider will:
(a) provide to the Authority a copy of the final fidelity insurance policy within 30 business days after the commencement date; and
(b) provide to the Authority a certificate of currency within 5 business days after each anniversary of the commencement date and each renewal date of the policy, and a copy of the policy in relation to the fidelity insurance policy within 30 business days after each anniversary of the commencement date and each renewal date of the policy.
15.3.3 If any change is proposed to be made to the fidelity insurance policy, the
(a) provide to the Authority a copy of the proposed change at least 20
(b) obtain from its insurer and provide to the Authority within 5 business days after the change takes effect a copy of, and a certificate of currency in relation to, the fidelity insurance policy as varied.
15.3.4 comply with an equivalent process to that in clause 15.3.2(a) and (b), provided that the relevant date will be the date the change is proposed to take effect.
15.3.5 The Provider will also:
(a) ensure that the fidelity insurance policy provides that all claim payments are to be paid into the operating account;
(b) provide the Authority with all information requested by the Authority from time to time as to Provider’s risk management policies and practices in relation to settlement funds received by the Provider in the course of providing the services, and the Provider’s compliance with such policies and practices;
(c) comply with the terms of the fidelity insurance policy and not do anything to prejudice the success of any claim under the policy;
(d) notify the Authority immediately should it become aware of any event or circumstance that could give rise to a claim under the fidelity insurance policy;
(e) keep the Authority informed of all developments regarding any matter notified under paragraph (d) above (including providing the
(f) in the event of a claim, consult with the Authority on the steps the
