Company: EMD
Filing Date: 2025-12-19
Form Type: 40-17G
Source: 0001655589-25-000267
Chunk: 38

Company: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
Filing Date: 2025-12-19
Form: 40-17G
Chunk 38
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 of premium bears to the sum of the last such premium payments of all such

Insured’s, except that if this allocation would result
in any Fund, including those Fund(s) created during the policy term that have paid no premium as provided
for in paragraph 4 of this Agreement, receiving less than the minimum amount of recovery under the Fidelity
Bonds which would be required to be maintained by such party under a single insured fidelity bond in
accordance with the provision of Rule 17g-1(d)(1) (determined as of the time of the loss) (the “Single
Insured Minimum”).

(ii)The remaining portion of the proceeds shall be allocated to each party sustaining a loss not fully covered by the allocation under subparagraph (i) in the proportion that each such party’s last payment of premium bears to the sum of the last such premium payment of all such parties. If such allocation would result in any party sustaining a loss receiving a portion of the recovery in excess of the loss actually sustained by such party, the aggregate of each excess portion shall be allocated among the other parties whose losses would not be fully indemnified in the same proportion that each such party’s last payment of premium bears to the sum of the last such premium payments of all parties entitled to receive a share of the excess. Any allocation in excess of a loss actually sustained by any such party shall be reallocated in the same manner.

#### 3.Obligation to Maintain
Minimum Coverage

Each of the Funds represents and warrants to each of the other
parties hereto that it has determined the amount of its Single Insured Minimum as of the date hereof
and that such Single Insured Minimum is included in the coverage of the Fidelity Bonds. Each of the
Funds agrees that it will determine, no less often than at the end of each calendar quarter, the Single
Insured Minimum which would be required of it if a determination with respect to the adequacy of the
coverage were then currently being made. In the event that the total amount of the minimum coverage
thus determined exceeds the total amount of coverage of then effective Fidelity Bonds, management of
each of the Funds will be notified and will determine whether it is necessary or appropriate to increase
the total amount of coverage of the Fidelity Bonds to an amount not less than the total amount of such
minimums, or to secure such excess coverage for one or more of the parties hereto, which, when added
to the total coverage of