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, by any Employee or in which s~ployee is concerned or implicated is limited to the ap~~ amount of indemnity specified in the Table of Limits of Liability. Indemnification by the Surety for any loss under Insuring Agreement 2 or 4 shall not reduce the Surety's liability for other tosses under the applicable Insuring Agreement, when- ever sustained; provided, however, the Surety's total liability under each such Insuring Agreement as to each Employee is limited to the applicable amount of indemnity specified in the Table of Limits of Liability. Regardless of the number of years this Bond shall continue in force and the number of premiums which shall be payable or paid, the limit of the Surety's liability as specified in the Table of Limits of Liability shall not be cumulative from year to year or period to period. LIMIT OF LIABILITY UNDER THIS BOND AND ANY PR lOR BOND SeCtion 5. With respect to loss under Insuring Agreement CANCELATION Section 6. This Bond shall be deemed canceled as to any Employee: (a) Immediately upon discovery by the Obligee or the Insured of any act on the part of such Employee which would constitute a liability of the Surety under the applicable Insuring Agreement covering such Employee; (b) Upon the death, resignation or removal of such Em. ployee; or (c) At 12 o'clock night upon the effective date specified in a written notice mailed to the Obligee and the In- sured. Such date shall be not less than thirty-days after the date of mailing. The mailing by the Surety of notice as aforesaid to the Obligee and the Insured shall be sufficient proof of notice. Delivery of such written notice by the Surety shall be equivalent to mailing. This Bond may be canceled by the Obligee or the Insured by mailing to the Surety written notice stating when thereafter the cancelation shall be effective. This Bond may be canceled by the Surety by mailing to the Obligee and the Insured written notice stating when, not less than thirty days thereafter, such' cancelation shall be effective. The mailing of notice as afore. said shall be sufficent proof of notice. Delivery of such written 1 or 3 caused b_EmPloyee or in which such Employee is concerned or im d or which is chargeable to such Em- ployee as provide ,Section 2 of this Bond and with respect to loss under Insuring Agreement 2 or 4 caused by any Em- ployee or whicb is chargeable to such Employee as provided in Section 2 of this Bond and with respect to loss under any Insuring Agreement which occurs partly during the Bond Period and partly during the period of other bonds issued by the Surety to the Insured or to any predecessor in interest of the Insured and terminated or canceled or allowed to expire and in which the period specified therein for bringing suit, action or proceeding of any kind, or if no such period is specified therein, then within the period prescribed by the applicable statute of limitations, has not expired at the time such loss thereunder is discovered, the total liability of the Surety under this Bond and under such other bonds shall not exceed, in the aggregate, the amount carried under the applicable Insuring Agreement of this Bond on such loss or the amount available to the Insured under such other bonds, as limited by the terms and conditions thereof, for any such loss if the latter amount be larger. notice either by the Obligee or the Insured or by the Surety shall be equivalent to mailing. If the Obligee or the Insured cancels, earned premium shall be computed in accordance with the customary short rate table and procedure. If the Surety cancels, earned premium shall be computed pro rata. Premium adjustments may be made at the time cancelation is effective or as soon as practicable after cancelation becomes effective, but payment or tender of unearned premium is not a condition of cancelation. If any of the cancelation provisions set forth in either or both of the foregoing paragraphs of this Section are prohibited or made void by any law controlling the construction of this Bond, such provisions to the extent they are so prohibited or made void shall be deemed to be nullified and of no effect. LEGAL PROCEEDINGS Section 7. No suit, action or proceeding of any kind to recover on account of loss under this Bond shall be brought after the expiration of three years from the cancelation of this Bond as an entirety provided, however, that if such limitation for bringing suit, action or proceeding is prohibited or made ...oid by any law controlling the construction of this Bond, such limitation shall be deemed to be amended so as to be equal to the minimum period of the limitation permitted by such law. In witness whereof, the Surety has caused this Bond to be executed on the Declarations page.