Common use of Fidelity Bond Coverage Clause in Contracts

Fidelity Bond Coverage. Seller covenants and agrees that, as long as the Interests or any part thereof are outstanding, Seller shall maintain insurance or fidelity bond coverage, as applicable, of $300,000.00 for errors and omissions and $300,000.00 for employee dishonesty with such companies as are reasonably satisfactory to Buyer. Upon execution of this Agreement and from time to time thereafter upon the request of Buyer, Seller shall deliver to Buyer a summary of the coverages of Seller in form and substance satisfactory to Seller.