the ratable allocation of the premium among the insureds, and the extent to which the share of the premium allocated to each Company is less than the premium each Company would have had to pay
had such Renewed Joint Fidelity Bond not been obtained; and it is further
RESOLVED, that the Authorized Officers be, and each of them individually
hereby is, authorized and directed to cause each Company to pay the annual premium payable with respect to the Renewed Joint Fidelity Bond and to enter into and execute, on behalf of each Company, an agreement reflecting the provisions of the
Renewed Joint Fidelity Bond and relating to the sharing of premiums and division of proceeds in the event of a joint fidelity loss, as required by Rule 17g-1(f) under the 1940 Act (the Joint Insured Bond Allocation Agreement); and
it is further
RESOLVED, that the terms and conditions of each Joint Insured Bond Allocation Agreement, in substantially the form attached hereto
as Exhibit L, be, and hereby are, approved and adopted in all respects, with such amendments thereto as any Authorized Officer may approve, and with approval of such further amendments evidenced by their inclusion in each Companys Joint
Insured Bond Allocation Agreement; and it is further
RESOLVED, that the Authorized Officers be, and each of them individually hereby is,
authorized and directed, in the name of and on behalf of each Company, to execute the Joint Insured Bond Allocation Agreement on behalf of each Company; and it is further
RESOLVED, that the Authorized Officers be, and each of them individually hereby is, authorized, empowered and directed to make filings with the SEC, in
consultation with counsel to each Company, and to give notices as may be required, from time to time, pursuant to Rule 17g-l(g) and Rule 17g-l(h) under the 1940 Act; and it is further
RESOLVED, that the Authorized Officers be, and each of them individually hereby is, authorized and directed to amend each Companys Renewed Joint
Fidelity Bond, in consultation with counsel to each Company; and it is further
RESOLVED, that the Authorized Officers be, and each of them
individually hereby is authorized, empowered and directed, in the name of and on behalf of each Company, to enter into, execute and deliver any agreement or other instrument, and to take all such steps, and to make all such payments, fees and
remittances, as such Authorized Officer, with the advice of counsel, deems necessary, advisable or desirable or as may be required under the requirements of applicable law, including but not limited to the 1940 Act, to carry out the intent of the
foregoing resolutions, such determination to be conclusively evidenced by the execution and delivery thereof; and it is further
RESOLVED, that any
and all actions previously taken by each Company or any of its respective directors or officers or others acting on behalf of such Company in connection with the actions contemplated by the foregoing resolutions be, and each of them hereby is,
ratified, confirmed, approved and adopted in all respects as and for the acts and deeds of such Company.