Common use of Adjustment Expense Clause in Contracts

Adjustment Expense. This term shall mean expenditures by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (other than for office expenses and for the salaries and expenses of employees of the Company or of any subsidiary or related or wholly owned company of the Company) made in connection with the disposition of a claim, loss, or legal proceeding including investigation, negotiation, and legal expenses, court costs; prejudgment interest or delayed damages; and interest on any judgment or award.

Appears in 2 contracts

Samples: The Agreement (Penn America Group Inc), The Agreement (Penn America Group Inc)

AutoNDA by SimpleDocs

Adjustment Expense. This term shall mean expenditures by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (other than for office expenses and for the salaries and expenses of employees of the Company or of any subsidiary or related or wholly owned company of the Company) made in connection with the disposition of a claim, loss, or legal proceeding including investigation, negotiation, and legal expenses, ; court costs; prejudgment interest or delayed damages; and interest on any judgment or award.

Appears in 2 contracts

Samples: The Agreement (Penn America Group Inc), The Agreement (Penn America Group Inc)

Adjustment Expense. This term shall mean expenditures by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (Company, other than for office expenses and for the salaries and expenses of employees of the Company or of any subsidiary or related or wholly owned company of the Company) , made in connection with the disposition of a claim, loss, or legal proceeding including investigation, negotiation, and legal expenses, ; court costs; statutory penalties; prejudgment interest or delayed damages; and interest on any judgment or award.

Appears in 1 contract

Samples: National Interstate CORP

Adjustment Expense. This term shall mean expenditures by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (Company, other than for office expenses and for the salaries and expenses of employees of the Company or of any subsidiary or related or wholly owned company of the Company) , made in connection with the disposition of a claim, loss, or legal proceeding including investigation, negotiation, and legal expenses, ; court costs; prejudgment interest or delayed damages; and interest on any judgment or award.

Appears in 1 contract

Samples: Reinsurance Agreement (Penn America Group Inc)

Adjustment Expense. This term shall mean expenditures by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (other than for office expenses and for the salaries and expenses of employees of the Company or of any subsidiary or related or wholly owned company of the Company) made in connection with the disposition Losses in Excess of a claim, loss, or legal proceeding including investigation, negotiation, Policy Limits and legal expenses, court costs; prejudgment interest or delayed damages; in connection with Extra Contractual Obligations and interest on any judgment or award.as allocated

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

Adjustment Expense. This term shall mean expenditures by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (other than for office expenses and for the salaries and expenses of employees of the Company or of any subsidiary or related or wholly owned company of the Company) made in connection with the disposition of a claim, loss, or legal proceeding including investigation, negotiation, and legal expenses, ; court costs; prejudgment interest Prejudgment Interest or delayed damagesDelayed Damages; and interest on any judgment or award.

Appears in 1 contract

Samples: The Agreement (Penn America Group Inc)

Adjustment Expense. This term shall mean expenditures by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (other than for office expenses and for the salaries and expenses of employees of the Company or of any subsidiary or related or wholly owned company of the Company) made in connection with the disposition of a claim, loss, or legal proceeding including investigation, negotiation, and legal expenses, court costs; prejudgment interest Prejudgment Interest or delayed damagesDelayed Damages; and interest on any judgment or award.

Appears in 1 contract

Samples: The Agreement (Penn America Group Inc)

AutoNDA by SimpleDocs

Adjustment Expense. This term shall mean expenditures by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (Company, other than for office expenses and for the salaries and expenses of employees of the Company or of any subsidiary or related or wholly owned company of the Company) , made in connection with the disposition of a claim, loss, or legal proceeding including investigation, negotiation, and legal expenses, court costs; statutory penalties; prejudgment interest or delayed damages; and interest on any judgment or award.

Appears in 1 contract

Samples: National Interstate CORP

Adjustment Expense. This term Adjustment expense shall mean all expenditures made by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (loss, other than for office expenses and for the salaries and expenses of employees of the Company or of payments to any subsidiary or related or wholly owned company salaried employee of the Company) made , in connection with the disposition of a claimclaims, loss, losses or legal proceeding proceedings including investigation, negotiation, negotiation and legal expenses, court costs; prejudgment , statutory penalties and accrued interest, other than accrued interest or delayed damages; and interest on any judgment or award.which is a part of a judgment. GENERAL REINSURANCE CORPORATION

Appears in 1 contract

Samples: Paula Financial

Adjustment Expense. This term Adjustment expense shall mean all expenditures made by the Company within the terms of its policies in the direct defense of claims and as allocated to an individual claim or loss (loss, other than for office expenses and for the salaries and expenses of employees of the Company or of payments to any subsidiary or related or wholly owned company salaried employee of the Company) made , in connection with the disposition of a claimclaims, loss, losses or legal proceeding proceedings including investigation, negotiation, negotiation and legal expenses, court costs; prejudgment , and accrued interest, other than accrued interest or delayed damages; and interest on any judgment or awardwhich is a part of a judgment.

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Paula Financial)

Time is Money Join Law Insider Premium to draft better contracts faster.