Claim loss definition

Claim loss means amounts paid by the division in the investigation and resolution of a claim including, but not limited to, payments to the guaranteed, payments to adverse claimants, attorneys’ fees, and all other expenses and costs related to or arising from the claim.

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Claim loss and “Claims/Losses” shall mean all claims and losses of all kinds and descriptions including liabilities, liens, privileges, and other encumbrances, causes of action (including actions in rem or in personam, at law or in equity), obligations, judgments, interest, costs, expenses, and awards whether created by law, contract, tort, arbitration, voluntary settlement (to the extent authorized by the Indemnitor), or otherwise, and including, except as otherwise expressly provided, claims based on contractual indemnity, claims for punitive, exemplary, consequential or indirect damages, and claims for bodily injury, personal injury, illness, death, and property damage including claims and/or losses for the above regardless of how such claims and/or losses may be characterized.

Claim loss means the amount of liability paid or to be paid with respect to claims with a date of injury on or after the Inception Date under the Clarendon Program Insurance Policies after making deduction for all salvage and subrogation; provided, however, that the allocation of claim liability pertaining to any injury not occurring on a specific date shall be determined according to California law, irrespective of where the insured resides or the injury occurs; provided, further, that Claim Loss when applied in the context of an Involuntary Mechanism shall be limited solely to liability paid or to be paid with respect to premium written from and after the Inception Date under the Clarendon Program Insurance Policies, after making deduction for all salvage and subrogation.

Examples of Claim loss in a sentence

The Depositor, the Seller, the Servicer and any director, officer, employee or agent of the Depositor, the Seller or the Servicer shall be indemnified and held harmless by the Trust Fund against any Claim, loss, liability or expense (including attorney’s fees) incurred in connection with any legal action relating to this Agreement or the Certificates, other than any loss, liability or expense.
In no event shall the indemnification provisions of this Article 12 or Section 2.2.13.2(d) require an indemnifying Party to provide indemnification under this Agreement for any Claim, loss, liability or other damage incurred by an Indemnitee to the extent caused by the negligence or misconduct of such Indemnitee or to the extent such indemnification is prohibited under Applicable Legal Requirements.
HCA shall notify the CONTRACTOR of any Claim, loss, damage, suit or action as soon as HCA reasonably believes that such Claim, loss, damage, suit or action may give rise to a right to indemnification under this section.
As of the Balance Sheet Date, the Borrower has no direct or indirect Indebtedness, liability, Claim, loss or damage, known or unknown, liquidated or unliquidated, accrued, absolute, contingent or otherwise, of a kind required by GAAP to be set forth on the since the Balance Sheet Date.
The Owner acknowledges and agrees that to the full extent permitted by law, Camplify will not be liable for, and the Owner releases Camplify in respect of, any Claim, loss, cost, Accident, Damage or expense arising out of any act or omission of Camplify or its employees, officers or agents unless that Claim, loss, cost, damage or expense is a direct result of the negligence or breach of this Agreement by Camplify.
Liability of Agency Without limitation, the Agency is not liable for any Claim, loss, liability, expense or tax incurred by the Licensee in connection with the Agency's failure or inability to take or consent to the taking of any action or the failure of any action under this clause.
As at the Financial Statement Date, the Company did ----------- not have any direct or indirect indebtedness, liability, Claim, loss, damage, deficiency, obligation or responsibility of the type required by GAAP to be set forth on a financial statement or in the notes thereto ("Liabilities") that were ----------- not fully disclosed and/or adequately reflected or reserved against on the Financial Statements.
At the Closing, the Company will not have any direct or indirect indebtedness, liability, Claim, loss, damage, deficiency, obligation or responsibility, known or unknown, fixed or unfixed, choate or inchoate, liquidated or unliquidated, secured or unsec▇▇▇▇, accrued, absolute, contingent or otherwise, whether or not of a kind required by generally accepted accounting principles to be set forth on a financial statement or in the notes thereto, other than the Company Debt.
HSD shall notify the CONTRACTOR of any Claim, loss, damage, suit or action as soon as HSD reasonably believes that such Claim, loss, damage, suit or action may give rise to a right to indemnification under this section.
The Owner acknowledges and agrees that to the full extent permitted by law, Camplify will not be liable for, and the Owner releases Camplify in respect of, any Claim, loss, cost, damage or expense arising out of any act or omission of Camplify or its employees, officers or agents unless that Claim, loss, cost, damage or expense is a direct result of the negligence or breach of this Agreement by Camplify.

More Definitions of Claim loss

Claim loss means amounts paid by the division in the investigation and resolution of a

Claim loss means any paid loss or other payment that may arise under or relate to any Policy, including Allocated Loss Adjustment Expense.

Claim loss or “Claims/Losses” means any obligation, liability, claim, suit, action, proceeding, investigation, dispute, cost or expense (including any judgment, award, settlement, reasonable attorneys’ fees, reasonable consultant and expert fees, and other costs and expenses incurred in connection with the defense or resolution of any actual or threatened suit, action, proceeding, investigation, dispute or claim, including appellate or bankruptcy proceedings, and any collection or enforcement costs). “CM Fee Base” means the total hard costs relating to construction of the applicable Approved Project (excluding hard costs included in the Pre-Development Fee Base and land costs) for the applicable Approved Project; except that (A) the CM Fee Base shall not include cost overruns that would not have been incurred absent a material breach on the part of Manager under this Agreement (while Builder is Manager) or a material breach on the part of Construction Manager under the applicable Construction Management Agreement, and (B) the CM Fee Base for an Approved Project shall not exceed the sum of (i) the hard costs for materials relating to construction of the applicable Approved Project set forth in the Approved Budget, and (ii) the Adjusted Labor Budget. “CM Responsible Cost Overruns” shall, with respect to an Approved Project, have the meaning set forth in the applicable Construction Management Agreement. “Company Asset” means each asset in which the Company owns a direct or indirect interest.

Claim loss or “Claims/Losses” means all claims and losses of all kinds and descriptions regardless of how such claims and/or losses may be characterized, including, without limitation, claims, causes of action, demands, damages of all kinds and descriptions, liabilities, debts, liens, privileges, and other encumbrances, obligations, judgments, interests, costs, expenses, and awards whether created by law, contract, tort, arbitration, or voluntary settlement, including attorneys’ fees and expenses.