Forgery Coverage Clause Samples

Forgery Coverage. If a Fund in its sole discretion agrees to pay BNYMTI the monthly forgery coverage amount as set forth in Section 9(j), BNYMTI shall be liable to the Funds with respect to any Shareholder Draft payable through BNYM where the signature of the drawer is forged, but only to the extent the amount of such Shareholder Draft exceeds $5,000, and only to the extent that BNYMTI or the Fund would be liable. The Funds may terminate the forgery coverage at any time on thirty (30) days' notice to BNYMTI.