Company: EMD
Filing Date: 2025-12-19
Form Type: 40-17G
Source: 0001655589-25-000267
Chunk: 3

Company: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
Filing Date: 2025-12-19
Form: 40-17G
Chunk 3
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 directly
from the Insured having, in good faith, paid or transferred any Property in reliance upon any Written,
Original:

(1)bills of exchange, checks, drafts, or other written orders or directions to pay sums certain in money, acceptances, certificates of deposit, due bills, money orders, warrants, orders upon public treasuries, or letters of credit; or

(2)instructions, requests or applications directed to the Insured, authorizing or acknowledging the transfer, payment, redemption, delivery or receipt of money or Property, or giving notice of any bank account (provided such instructions or requests or applications purport to have been signed or endorsed by (a) any customer of the Insured, or (b) any shareholder of or subscriber to shares issued by any Investment Company, or (c) any financial or banking institution or stockbroker, and further provided such instructions, requests, or applications either bear the forged signature or endorsement or have been altered without the knowledge and consent of such customer, such shareholder or subscriber to shares issued by an Investment Company, or such financial or banking institution or stockbroker); or

(3)withdrawal orders or receipts for the withdrawal of Property, or receipts or certificates of deposit for Property and bearing the name of the Insured as issuer or of another Investment Company for which the Insured acts as agent;

which bear (a) a Forgery,
or (b) an Alteration, but only to the extent that the Forgery or Alteration directly causes the loss.

Actual physical possession by the Insured or its authorized
representative of the items listed in (1) through (3) above is a condition precedent to the Insured
having relied upon the items.

This Insuring Agreement
E does not cover loss caused by Forgery or Alteration of Securities or loss covered under Insuring Agreement
A.

#### F.SECURITIES
Loss resulting directly from the Insured, in good faith, in the ordinary course
of business, and in any capacity whatsoever, whether for its own account or for the account of others,
having acquired, accepted or received, or sold or delivered, or given any value, extended any credit
or assumed any liability in reliance on any Written, Original Securities, where such loss results from
the fact that such Securities prove to:

(1)be Counterfeit, but only to the extent that the Counterfeit directly causes the loss, or

(2)be lost or stolen, or

(3)contain a Forgery