Books and Records Costs definition

Books and Records Costs means reasonable and necessary fees and expenses incurred by the Company in response to a Books and Records Demand, but shall not include salaries, wages, overhead or benefit expenses associated with directors, officers or employees of the Company.
Sample 1Sample 2Sample 3
Books and Records Costs means reasonable and necessary fees and expenses incurred by the Insured Organization in response to a Book and Records Demand, but shall not include salaries, regular or overtime wages, fees or benefit expenses associated with Insured Persons or the Insured Organization’s overhead expenses.
Sample 1Sample 2Sample 3
Books and Records Costs means any reasonable costs, charges and fees incurred by the Company in response to a Books and Records Request, such fees, costs and charges not to include regular or overtime wages, salaries or fees of Insured Persons.
Sample 1

Examples of Books and Records Costs in a sentence

  • Underwriters shall not be liable for any settlement, Defense Costs, Inquiry Costs or Books and Records Costs, assumed obligation, admission or stipulated judgment to which they have not consented or for which the Insureds are not legally obligated as a result of a Claim for a Wrongful Act or an Investigation, Inquiry, Books and Records Demand or Internal Appeal.

  • Underwriters shall be liable for only that part of Loss arising from a Claim, Investigation or Internal Appeal, Inquiry Costs arising from an Inquiry or Books and Records Costs arising from a Books and Records Demand which is excess of the applicable Retention set forth in Item 5.

  • The amount shown in Item C.2. of the Declarations shall be the maximum aggregate Sublimit of Liability of Underwriters under the Policy for (i) all Security Holder Demand Investigatory Costs arising from all Security Holder Demands and (ii) all Books and Records Costs arising from all Books and Records Demands under Insuring ClauseI.D. Such Sublimit of Liability shall be part of, and not in addition to, the Limit of Liability stated in Item C.1. of the Declarations.

  • No settlement shall be made and no Costs, Charges and Expenses, Facilitation Costs, Inquiry Costs, Security Holder Demand Investigatory Costs or Books and Records Costs shall be incurred without Underwriters' consent, such consent not to be unreasonably withheld.

  • Books and Records Costs resulting from any Books and Records Demand first made against the Insured Organization during the Policy Period or Optional Extension Period, if applicable, and reported in writing to the Underwriters in accordance with Clause VIII.B. of the General Terms and Conditions.

  • Demand Investigation and Books and Records Costs CoverageThe Insurer will pay on behalf of the Entity, Investigative Costs which the Entity is legally obligated to pay in response to any Shareholder Derivative Demand, and Books and Records Costs which the Entity is legally obligated to pay in response to any Books and Records Request, first received during the Policy Period, or during the Discovery Period (if purchased).

  • The definition of Shareholder Derivative Demand Investigation Costs is amended to include the following: Shareholder Derivative Demand Investigation Costs also includes Books and Records Costs.

  • If the Company elect to seek coverage for Books and Records Costs in connection with a Books and Records Demand, the Company shall give to Underwriters notice in writing of such Books and Records Demand, but in no event later than: 1.

  • Underwriters shall not be liable for any settlement, Defense Costs, Inquiry Costs or Books and Records Costs, assumed obligation, admission or stipulated judgment, in excess of <threshold>, to which they have not consented or for which the Insureds are not legally obligated as a result of a Claim for a Wrongful Act or an Investigation, Inquiry, Books and Records Demand or Internal Appeal.

  • The maximum aggregate liability of the Insurer under this Coverage Section for all Investigative Costs and all Books and Records Costs shall be the respective Sublimit of Liability as stated in Item 7.


More Definitions of Books and Records Costs

Books and Records Costs means any reasonable fees and expenses incurred by the Entity in response to a Books and Records Request, other than wages, salaries, fees, benefits or overhead expenses associated with any Insured.
Sample 1
Books and Records Costs means the reasonable costs, charges, fees and expenses incurred by the Company with the prior written consent of the Insurer in response to a written demand by or on behalf of any holder of Securities to inspect the books and records of such Company pursuant to Section 220 of the Delaware General Corporation Law.
Sample 1

Related to Books and Records Costs

  • Books and Records means all books, records, board minutes, contracts, licenses, insurance policies, environmental audits, business plans, files, computer files, computer discs and other data and software storage and media devices, accounting books and records, financial statements (actual and pro forma), filings with Governmental Authorities and any and all records and instruments relating to the Collateral or otherwise necessary or helpful in the collection thereof or the realization thereupon.

  • Records means any written or recorded information, regardless of physical form or characteristics, which is produced or acquired by the Party in the performance of this agreement. Records produced or acquired in a machine readable electronic format shall be maintained in that format. The records described shall be made available at reasonable times during the period of the Agreement and for three years thereafter or for any period required by law for inspection by any authorized representatives of the State or Federal Government. If any litigation, claim, or audit is started before the expiration of the three-year period, the records shall be retained until all litigation, claims or audit findings involving the records have been resolved.

  • Program Costs means all necessary and incidental costs of providing program services.

  • Inspection means activities such as measuring, examining, testing, gauging one or more characteristics of the product or service and comparing the same with the specified requirement to determine conformity.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.