Claim Expenses definition

Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.
Claim Expenses means reasonable attorneys’ fees and all other reasonable out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any D&O Claim for which indemnification is authorized pursuant to this Section 6.6(a), including any action relating to a claim for indemnification or advancement brought by a D&O Indemnified Party. No D&O Indemnifying Party shall settle, compromise or consent to the entry of any judgment in any actual or threatened D&O Claim in respect of which indemnification has been sought by such D&O Indemnified Party hereunder unless such settlement, compromise or judgment includes an unconditional release of such D&O Indemnified Party from all liability arising out of such D&O Claim, or such D&O Indemnified Party otherwise consents thereto.
Claim Expenses means (1) reasonable and necessary legal fees and expenses charged by an attorney selected and appointed by the Company in defense of a Claim or circumstance that may lead to a Claim; and (2) all other reasonable and necessary fees, costs or- expenses incurred in the investigation, adjustment, defense and appeal of a Claim if incurred by the Company or an attorney selected and appointed by the Company, or by an Insured with the prior written consent of the Company. "Claim Expenses" shall not include: (1) salary expenses, wages or lost earnings of any Insured except as provided in Section II. (C), or (2) any fees, costs, or expenses incurred with respect to any criminal proceedings or criminal actions against any Insured.

Examples of Claim Expenses in a sentence

  • Claim Expenses are included within and erode the applicable Limits of Insurance.

  • The Insured shall not incur any Claim Expenses for any Claim without the prior written consent of the Company.

  • The Company’s payment of the applicable Limits of Liability or Sublimits of Liability ends the Company’s duties to defend, pay Damages, and pay Claim Expenses.

  • This policy does not provide coverage for Insureds, transactions, or that part of Damages or Claim Expenses that is uninsurable under the laws or regulations of the United States concerning trade or economic sanctions.

  • The maximum amount the Company will pay in the event of any later settlement or judgment is the amount for which the Claim could have been settled plus the amount of Claim Expenses incurred up to the time the Company made the recommendation, less any applicable deductible.


More Definitions of Claim Expenses

Claim Expenses mean any reasonable and necessary fees, costs, and expenses resulting from the investigation, adjustment, defense or appeal of a “Claim” (including the cost of appeal bonds), and any reasonable and necessary fees charged by any lawyer designated by the Funds;
Claim Expenses means expenses incurred by the Company in the investigation, adjustment, negotiation, arbitration, mediation, settlement and defense of Claims. Claim Expenses include:
Claim Expenses means reasonable and documented out-of-pocket attorneys’ fees and all other reasonable and documented out-of-pocket costs and expenses (including experts’ fees, travel expenses, court costs, retainers, transcript fees, legal research, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in (including on appeal) any D&O Claim for which indemnification is authorized pursuant to Section 6.9, including any action relating to a claim for indemnification or advancement brought by a Covered Person.
Claim Expenses means reasonable attorneys’ fees and all other reasonable costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim for which indemnification is authorized pursuant to this Section 7.6(a), including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party. The Surviving Entity shall not settle, compromise or consent to the entry of any judgment in any actual or threatened Claim in respect of which indemnification has been sought by an Indemnified Party hereunder unless such settlement, compromise or judgment includes an unconditional release of such Indemnified Party from all liability arising out of such Claim, or such Indemnified Party otherwise consents thereto.
Claim Expenses means reasonable out-of-pocket attorneys’ fees and all other reasonable out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, legal research, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in (including on appeal) any D&O Claim for which indemnification is authorized pursuant to this Section 7.04(a), including any action relating to a claim for indemnification or advancement brought by a D&O Indemnified Party. No D&O Indemnifying Party shall settle, compromise or consent to the entry of any judgment in any actual or threatened D&O Claim in respect of which indemnification has been sought by such D&O Indemnified Party hereunder unless such settlement, compromise or judgment includes an unconditional release of such D&O Indemnified Party from all liability arising out of such D&O Claim, or such D&O Indemnified Party consents thereto. Parent shall guarantee the foregoing obligations of the D&O Indemnifying Parties.
Claim Expenses shall not include expenses incurred in connection with a dispute or contest arising out of conflicting claims of entitlement to policy proceeds which the CEDING COMPANY admits are payable or any routine claim administrative expenses, including, but limited to, compensation of officers and employees of the CEDING COMPANY.
Claim Expenses means fees charged by defense counsel retained by OMIC and all other fees, costs, and expenses resulting from the investigation, adjustment, defense, and appeal of a Claim or disciplinary proceeding if incurred by OMIC, including fees charged by expert witnesses and other litigation consultants.