Ex Gratia Payments means a payment that is both (a) outside the terms and conditions of the applicable Covered Insurance Policy and (b) made by or on behalf of the Ceding Company, not as a good faith settlement, adjustment, or compromise of a dispute over coverage or the amount of a claim or loss, but, rather, as a business accommodation to the beneficiary.
Ex Gratia Payments means payments made as an accommodation by the Company in settlement of a claim for which no coverage exists under the Policy reinsured hereunder, subject to the prior approval of the Reinsurer. The phrase "claim-specific declaratory judgment expenses," as used in this Contract will mean all expenses incurred by the Company in connection with declaratory judgment actions brought to determine the Company's defense and/or indemnification obligations that are allocable to specific Policies and claims subject to this Contract. Declaratory judgment expenses will be deemed to have been incurred by the Company on the date of the original loss (if any) giving rise to the declaratory judgment action. All salvages, recoveries or payments recovered or received subsequent to loss settlements hereunder shall be applied as if recovered or received prior to the aforesaid settlement, and all necessary adjustments shall be made by the parties hereto. For purposes of this definition, the phrase "becomes liable to pay" shall mean the existence of a judgment, which the Company does not intend to appeal, or a release has been obtained by the Company, or the Company has accepted a proof of loss. Nothing in this clause shall be construed to mean that losses are not recoverable hereunder until the Company's Ultimate Net Loss has been ascertained.
Ex Gratia Payments means a payment or otherwise as defined by section 106 of the Charities Act 2011.
Examples of Ex Gratia Payments in a sentence
Where the payment of retrospective Inflation costs are concered, (i.e. for payments made on or after 01 January 2022 up to the date of the Agreement), one half ( 50%) of the retrosepctive amount of the Ex Gratia Payment will be paid upon entering the Agreement, and the remainder apportioned and paid in installments with subsequent Ex Gratia Payments.
Any Ex Gratia Payments made under the Agreement on public investment projects must be met by the Departments or Agencies from within the existing capital ceilings in 2022 and beyond.
In such circumstances an additional payment may be made in line with the Council’s policy on Acting Up, Honoraria & Ex Gratia Payments.
Applicants will need to provide documentation to substantiate that they were the primary caregiver(s)—the adult who was ordinarily living with the worker at the time of the worker’s death and was primarily responsible for providing care to the worker without remuneration and who was alive at the date the Order Respecting Ex Gratia Payments to Workers Involved in Chalk River Nuclear Decontamination was made.
Such payments are “used only when there is no other statutory, regulatory or policy vehicle to make the payment”: all quotes from Appendix A – Definitions to the Directive on Claims and Ex Gratia Payments, Available online: http://www.tbs-sct.gc.ca/pol/doc- eng.aspx?id=15782§ion=text#Exgratia.
More Definitions of Ex Gratia Payments
Ex Gratia Payments means payments made as an accommodation by the Company in settlement of a claim for which no coverage exists under the Policy reinsured hereunder, subject to the prior approval of the Reinsurer. The phrase "claim-specific declaratory judgment expenses," as used in this Contract will mean all expenses incurred by the Company in connection with declaratory judgment actions brought to determine the Company's defense and/or indemnification obligations that are allocable to specific Policies and claims subject to this Contract. Claim-specific declaratory judgment expenses will be deemed to have been incurred by the Company on the date of the original loss (if any) giving rise to the declaratory judgment action. For purposes of this definition, the phrase "becomes liable to pay" shall mean the existence of a judgment, which the Company does not intend to appeal, or a release has been obtained by the Company, or the Company has accepted a proof of loss. Nothing in this clause shall be construed to mean that losses are not recoverable hereunder until the Company's Ultimate Net Loss has been ascertained.
Ex Gratia Payments will mean all settlements of losses tendered but not covered under the Company's policies, which policies are
Ex Gratia Payments as used herein means a claim payment not required by the terms of the underlying insurance policies covered by this Agreement.
Ex Gratia Payments as used herein with respect to Part B Covered Losses means a claim payment not required by the terms of the underlying insurance policies covered by this Agreement. "Ex Gratia Payments" as used herein with respect to Part C Covered Losses means a claim payment not required by the terms of the Settlement Order.
Ex Gratia Payments. [***]. “Excluded Liabilities” [***]. “Existing IMR” means the amount of the Ceding Company’s unamortized existing IMR that has been allocated by the Ceding Company to the Reinsured Liabilities as of the Closing Date (but prior to the transfer of the Initial Premium), in accordance with Applicable SAP. “Extra-Contractual Obligations” [***]. “Fair Market Value” means, with respect to any asset, the value thereof calculated in accordance with the methodology set forth on Schedule D, as modified by the Reinsurer from time to time with the consent of the Ceding Company, such consent not to be unreasonably withheld, conditioned or delayed. “General Account Liabilities” means all Liabilities of the Ceding Company arising out of or resulting from the Reinsured Contracts, but excluding Separate Account Liabilities and Excluded Liabilities, whether incurred before, at or after the Effective Time. Without limiting the foregoing, “General Account Liabilities” shall include, but not be limited to, any and all of the following Liabilities, but excluding Separate Account Liabilities and Excluded Liabilities: (a) all Liabilities for claims (including incurred but not reported claims), benefits, interest on claims or unearned premiums, interest on policy funds, withdrawals, surrenders, policy loans, amounts payable for returns or refunds of premiums, guaranteed minimum death benefits, guaranteed minimum income benefits, incurred but not reported claims, pending claims and benefits (including death benefits, lump sum payments, annuitization payments, deferred payments, payments in respect of market value adjustments, and any other settlement options), unearned premiums, and other contract benefits, in each case, arising under the terms and conditions of the Reinsured Contracts and whether such amounts are escheated or paid to policyholders or beneficiaries of the Reinsured Contracts; (b) all Liabilities arising out of changes to the terms and conditions of the Reinsured Contracts permitted or required by Section 2.2; (c) all commissions, expense allowances, other compensation and obligations payable to Producers with respect to premium paid under the Reinsured Contracts; (d) all assessments and similar charges with respect to the Reinsured Contracts in connection with participation by the Ceding Company or the Reinsurer, whether voluntary or involuntary, in any guaranty association established or governed by any Governmental Authority;
Ex Gratia Payments means payments for any Loss not covered under the written terms of a Policy, including any Loss payments not necessarily required under a Policy but made as a commercial accommodation.