Common use of Joint Insured Bond Clause in Contracts

Joint Insured Bond. The Insured Parties shall maintain in effect a joint fidelity insurance bond (the “Bond”) from Chubb Group of Insurance Companies or another such reputable fidelity insurance company authorized to do business in the place where the Bond is issued, insuring each Insured Party against larceny and embezzlement and covering such of their respective officers and employees who may, singly or jointly with others, have access, directly or indirectly, to the particular Insured Party’s securities or other assets. The Bond shall name each Insured Party as an insured and shall comply with the requirements for such bonds established by Rule 17g-1.

Appears in 6 contracts

Samples: Agreement of the Joint Insureds (Alpine Global Premier Properties Fund), Agreement of the Joint Insureds (Alpine Global Premier Properties Fund), Agreement of the Joint Insureds (Alpine Income Trust)

AutoNDA by SimpleDocs

Joint Insured Bond. The Insured Parties shall maintain in effect a joint fidelity insurance bond (the "Bond") from Chubb Group of Insurance Companies or another such a reputable fidelity insurance company authorized to do business in the place where the Bond is issued, insuring each Insured Party against larceny and embezzlement and covering such of their respective officers and employees who may, singly or jointly with others, have access, directly or indirectly, to the particular Insured Party’s 's securities or other assets. The Bond shall name each Insured Party as an insured and shall comply with the requirements for such bonds established by Rule 17g-1.

Appears in 5 contracts

Samples: Agreement of the Joint Insureds (Cornerstone Strategic Value Fund Inc), Agreement (Cornerstone Strategic Value Fund Inc/ New), Agreement of the Joint Insureds (Cornerstone Strategic Value Fund Inc/ New)

AutoNDA by SimpleDocs

Joint Insured Bond. The Insured Parties shall maintain in effect a joint fidelity insurance bond (the “Bond”) from Chubb Group of Insurance Companies or another such a reputable fidelity insurance company authorized to do business in the place where the Bond is issued, insuring each Insured Party against larceny and embezzlement and covering such of their respective officers and employees who may, singly or jointly with others, have access, directly or indirectly, to the particular Insured Party’s securities or other assets. The Bond shall name each Insured Party as an insured and shall comply with the requirements for such bonds established by Rule 17g-1.

Appears in 2 contracts

Samples: Agreement of the Joint Insureds (Cornerstone Strategic Value Fund Inc), Agreement of the Joint Insureds (Cornerstone Progressive Return Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!