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 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;
Examples of Claim Expenses in a sentence
The Company will have the right to seek reimbursement from any Insured for any Claim Expenses paid to defend any Claim that such a judgment or final adjudication finds to have involved a harassment, misconduct or discrimination as described above which was knowingly committed.
The Retention applies to Damages and Claim Expenses combined, and the Company’s obligation to pay Damages and Claim Expenses applies only to the amount of Damages and Claim Expenses in excess of the Retention.
Notwithstanding the foregoing, it is understood that the Insured may settle any Claim for which the total cost of Damages and Claim Expenses associated therewith is less than the amount of the remaining Retention.
If, at the Company’s option, the Company has paid any amounts for Damages or Claim Expenses in excess of the applicable Limit of Insurance or if the Company has paid part or all of any Retention, the Insured shall be liable to reimburse such amounts to the Company upon demand.
If the Company is willing to accept the judgment of the trial or appellate court or any negotiated settlement or settlement offer and the Insured is not willing to accept such judgment or settlement, the Company’s liability for any Claim Expenses and/or Damages incurred after the Company indicated its willingness to accept such judgment or settlement, shall be limited to the amount for which the Company could have resolved the Claim plus an additional fifty (50) percent of that amount.
More Definitions of Claim Expenses
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 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 (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, Mediation, 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 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 not 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.
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.