Allocated Expense definition

Allocated Expense shall have the meaning set forth in Section 3.3(c).
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Allocated Expense shall have the meaning set forth in the definition of Net Proceeds.
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Allocated Expense means fees, costs and expenses related to independent adjusters and investigators, physical damage inspectors, experts, witnesses, attorneys, taxed court costs, post-judgement interest, statutory penalties, and other reasonable and necessary fees, costs and expenses incurred in connection with the investigation, defense and settlement of claims and pursuit of reinsurance recoveries, but does not include IRISC salaries, benefits, administrative or normal overhead costs.
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Examples of Allocated Expense in a sentence

  • Each allocated Approved Expense, regardless of the party incurring it, shall be reimbursed as described in Section 3.5(b) provided such expense shall be allocated in accordance with the Allocation Rules set forth for each category of cost and service per country or region, as the case may be, in Schedule 3.3(c) attached hereto ("Allocated Expense").

  • Independent Adjusters - If applicable, following any significant loss as a result of a single event (hurricane, tornado, flood, earthquake, etc.), GB reserves the right to retain outside resources (adjusters) when appropriate and those fees will be paid as an Allocated Expense off the file.

  • GB will charge Client for any loss involving ten (10) or more Claims resulting from a single event (i.e., hurricane, tornado, flood, earthquake, etc.) on a time and expense basis, which shall be paid as an Allocated Expense against the Claim file.

  • Each allocated Approved Expense, regardless of the party incurring it, shall be reimbursed as described in Section 3.5(b), provided such expense shall be allocated in accordance with the Allocation Rules set forth for each category of cost and service per country or region, as the case may be, in Schedule 3.3(c) attached hereto ("Allocated Expense").

  • The Collateral Account, the Collection Account, the Allocated Expense Account, the Extended Note Distribution Account and the Secured Liquidity Note Account shall have been established.

  • Independent Adjusters - If applicable, following any significant loss as a result of a single event (i.e., hurricane, tornado, flood, earthquake, etc.), GB reserves the right to retain outside resources (adjusters) when appropriate and those fees will be paid as an Allocated Expense off the file.

  • Each Participating Producer will be assigned to one of four tiers based on where its Partial Allocated Expense Share for Period IV Claims falls with respect to the ranges listed in the chart below.

  • The Allocated Expense Shares computed pursuant to ----------- paragraph 2.a of this Section A shall be applied to apportion the Allocated Expenses regardless of when those expenses are incurred.

  • In addition to the Allocated Expense Deposit which Buyer hereby acknowledges receipt of, on the Closing Date, Seller shall pay to Buyer via wire transfer of immediately available funds (or such other method as is acceptable to Buyer and Seller) the Lease Commitment Fee and the same shall be deemed fully earned by Buyer and non-refundable so long as the Closing has occurred.

  • Allocated Expense Caps King County Metro will cap at 6.3% the total annual expense charged to STSound Transit for the sum of thecost pools AD OH P2, AD OH P2 KC (and AD OH FTE.