Company: EMD
Filing Date: 2025-12-19
Form Type: 40-17G
Source: 0001655589-25-000267
Chunk: 22

Company: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
Filing Date: 2025-12-19
Form: 40-17G
Chunk 22
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 or by any receiver or liquidator. Promptly
after such termination the Underwriter shall refund to the Insured any unearned premium.

The right to purchase such additional discovery period may not be exercised by
any State or Federal official or agency, or by any receiver or liquidator, acting or appointed to take
over the Insured’s business.

#### SECTION
15.CENTRAL HANDLING OF SECURITIES

The Underwriter shall not be liable for loss in connection
with the central handling of securities within the systems established and maintained by any Depository
(“Systems”), unless the amount of such loss exceeds the amount recoverable or recovered under any
bond or policy or participants’ fund insuring the Depository against such loss (the “Depository’s
Recovery”); in such case the Underwriter shall be liable hereunder only for the Insured’s share of
such excess loss, subject to the applicable Limit of Liability, the Deductible Amount and the other terms
of this Bond.

For determining the Insured’s
share of such excess loss, (1) the Insured shall be deemed to have an interest in any certificate representing
any security included within the Systems equivalent to the interest the Insured then has in all certificates
representing the same security included within the Systems; (2) the Depository shall have reasonably
and fairly apportioned the Depository’s Recovery among all those having an interest as recorded by
appropriate entries in the books and records of the Depository in Property involved in such loss, so
that each such interest shall share in the Depository’s Recovery in the ratio that the value of each
such interest bears to the total value of all such interests; and (3) the Insured’s share of such excess
loss shall be the amount of the Insured’s interest in such Property in excess of the amount(s) so apportioned
to the Insured by the Depository.

This
Bond does not afford coverage in favor of any Depository or Exchange or any nominee in whose name is
registered any security included within the Systems.

**SECTION 16.ADDITIONAL COMPANIES INCLUDED AS INSURED**

If
more than one entity is named as the Insured:

A.the total liability of the Underwriter hereunder for each Single Loss shall not exceed the Limit of Liability which would be applicable if there were only one named Insured, regardless of the number of Insured entities which sustain loss as a result of such Single Loss,

B.the Ins