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

Company: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
Filing Date: 2025-12-19
Form: 40-17G
Chunk 17
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 but where the Property is Securities and the loss is clear
and undisputed, settlement shall be made within forty-eight (48) hours even if the loss involves Securities
of which duplicates may be obtained.

The
Insured shall not bring legal proceedings against the Underwriter to recover any loss hereunder prior
to sixty (60) days after filing such proof of loss or subsequent to twenty-four (24) months after the
discovery of such loss or, in the case of a legal proceeding to recover hereunder on account of any judgment
against the Insured in or settlement of any suit mentioned in General Agreement C or to recover court
costs or attorneys’ fees paid in any such suit, twenty-four (24) months after the date of the final
judgment in or settlement of such suit. If any limitation in this Bond is prohibited by any applicable
law, such limitation shall be deemed to be amended to be equal to the minimum period of limitation permitted
by such law.

Notice hereunder shall
be given to Manager, Professional Liability Claims, ICI Mutual Insurance Company, RRG, 1401 H St. NW,
Washington, DC 20005, with an electronic copy to LegalSupport@icimutual.com.

#### SECTION 5. DISCOVERY
For all purposes under this Bond, a loss is discovered, and discovery of a loss
occurs, when the Insured

(1)becomes aware of facts, or

(2)receives notice of an actual or potential claim by a third party which alleges that the Insured is liable under circumstances,

which would cause a reasonable
person to assume that a loss of a type covered by this Bond has been or is likely to be incurred, regardless
of when the act or acts causing or contributing to such loss occurred, even though the exact amount or
details of the loss may not be known.

#### SECTION
6. VALUATION OF PROPERTY

For the purpose of determining
the amount of any loss hereunder, the value of any Property shall be the market value of such Property
at the close of business on the first business day before the discovery of such loss; except that

(1)the value of any Property replaced by the Insured prior to the payment of a claim therefor shall be the actual market value of such Property at the time of replacement, but not in excess of the market value of such Property on the first business day before the discovery of the loss of such Property;

(2)the value