Company: BLE
Filing Date: 2025-02-18
Form Type: 40-17G
Source: 0001193125-25-027424
Chunk: 24

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-02-18
Form: 40-17G
Chunk 24
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 parent, subsidiary or affiliate of the Company to the Assured, the Single Loss Limit Of Liability under this Bond shall be reduced by any payment under any other such valid and 
 collectible insurance and only the remainder, if any, shall be applicable to such loss covered hereunder.                                                                                                                                          |

| 11. | Securities Settlement |

In the event of a loss of Securitiescovered under this Bond, the Company may, at its sole discretion, purchase replacement
Securities, tender the value of the Securitiesin Money, or issue its indemnity to effect replacement Securities.

The indemnity required from the Assuredunder the terms of this Section against all loss, cost or expense arising from the replacement
of Securitiesby the Company’s indemnity shall be:

| a. | for Securities having a value less than or equal to the applicable Deductible Amount – one hundred 
 (100%) percent;                                                                                    |

| b. | for Securities having a value in excess of the applicable Deductible Amount but within the Single Loss  
 Limit Of Liability – the percentage that the Deductible Amount bears to the value of the Securities; or |

| c. | for Securities having a value greater than the applicable Single Loss Limit Of Liability – the                                          
 percentage that the Deductible Amount and portion in excess of the Single Loss Limit Of Liability bears to the value of the Securities. |

The value referred to in Sections 11.a., b., and c. is the value in accordance with Section 14., Valuation, regardless of the value of
such Securitiesat the time the loss under the Company’s indemnity is sustained.

The Company is not required to issue its
indemnity for any portion of a loss of Securitieswhich is not covered by this Bond, however, the Company may do so as a courtesy to the Assuredin its sole discretion.

The Assuredshall pay the proportion of the Company’s premium charge for the Company’s indemnity as set forth in Sections
11.a., b., and c. No portion of the Single Loss Limit Of Liability shall be used as payment of premium for any indemnity purchased by the Assuredto obtain replacement Securities.

| 12. | Subrogation – Assignment – Recovery |

In the event of a payment under this Bond, the Company shall be subrogated to all of the Assured’srights of recovery against any
person or entity to the extent of such payment. On request, the Assuredshall deliver to the Company an assignment of the Assured’srights,