PROVISIONS IN THE EVENT. BANK HAS CUSTODY. 25.01 The following provisions shall apply in the event the Bank is deemed to have custody of a Fund’s Securities: 25.01.01 The Bank is obligated to indemnify the Fund for any loss of Securities of the Fund in the Bank’s custody occasioned by the negligence or dishonesty of the Bank’s officers or employees, or burglary, robbery, holdup, theft or mysterious disappearance, including loss by damage or destruction. 25.01.02 In the event there is a loss of Securities for which the Bank is obligated to indemnify the Fund, the Securities shall be promptly replaced or the value of the Securities and the value of any loss of rights or privileges resulting from said loss of Securities shall be promptly replaced.
Appears in 5 contracts
Samples: Novation Agreement, Agency Securities Lending Agreement (Thrivent Series Fund Inc), Novation Agreement (Thrivent Series Fund Inc)
