Costs of Defense means reasonable and necessary legal fees, costs and expenses incurred in the investigation or defense of any Claim, including the costs of any appeal or appeal bond, attachment bond or similar bond (but without any obligation on the part of the Insurer to apply for or furnish such bonds); provided, however, Costs of Defense shall not include: (1) salaries, wages, overhead or benefit expenses associated with any Insured Persons, and (2) any amounts incurred in defense of any Claim which any other insurer has a duty to defend, regardless of whether or not such other insurer undertakes such duty.
Costs of Defense means reasonable and necessary legal fees, costs and expenses incurred in the investigation, defense or appeal of any Claim, including the costs of an appeal bond, attachment bond or similar bond (but the Insurer shall not have any obligation to apply for or furnish such bonds); provided, however, Costs of Defense shall not include salaries, wages, overhead or benefit expenses associated with any Insured.
Costs of Defense means reasonable and necessary fees, costs and expenses (including premiums for any appeal bond, attachment bond or similar bond, but without any obligation to apply for or furnish any such bond) resulting solely from the investigation, adjustment, defense and appeal of a covered or potentially covered “Claim” against the “Insureds”, but excluding salaries, wages, overhead or benefit expenses associated with any “Insured”, or any amount covered by the duty to defend obligation of any other insurer.
Examples of Costs of Defense in a sentence
If Costs of Defense are incurred by the Insured with the Insurer's consent, such Costs of Defense shall be considered Loss and thus subject to the Limit of Liability and Retention.
Costs of Defense incurred by the Insurer shall be in addition to the Limit of Liability, and such Costs of Defense shall not be subject to the Retention amount.
The Costs of Defense in excess of the amount due from you shall be paid by the Company.
Effectiveness and Costs of Defense Allowing lying to avoid discrimination, such as in the Muslim lawyer example, could motivate discriminatory employers (and some non-Muslim employment candidates) to take costly measures to ensure that only non-Muslims are hired.
You agree to promptly accept a tender of defense on any such claims and pay the entire Costs of Defense incurred, including any Company attorney's fees.
More Definitions of Costs of Defense
Costs of Defense means reasonable and necessary legal fees, costs and expenses incurred in the investigation, defense or appeal of any Claim, including the costs of an appeal bond, attachment bond or similar bond but will not include the obligation to apply for or furnish such bonds. Costs of Defense shall not include any salaries, wages, overhead, benefits or benefit expenses associated with any Insured. Costs of Defense shall not include any fees, costs or expenses incurred prior to the date that a Claim is first reported to the Insurer.
Costs of Defense has the meaning set forth in Section 9.10.
Costs of Defense. As defined in Section 10.17(b)(i) (Payments of Costs and Expenses).
Costs of Defense means reasonable and necessary legal fees, costs and expenses incurred in the investigation, defense or appeal of any Claim, including the costs of an appeal bond, attachment bond or similar bond; provided, however, that the Insurer will have no obligation to apply for or furnish any such bond. Costs of Defense shall not include any compensation, including salaries, wages, bonus, commission, benefits or other earnings of an employee of any Insured.
Costs of Defense means costs, fees, and expenses incurred by or imposed on any Indemnified Person in defending, analyzing, settling, or resolving a Loss or Potential Loss (as defined below), and the expenses associated with the making of any affirmative claim in connection therewith. The term “Potential Loss” shall mean any event, fact, condition, or circumstance that is reasonably likely to give rise to a Loss. The Indemnity shall not apply to the extent that a court or arbitral tribunal with jurisdiction over the Loss and each Indemnified Person who has a Loss or Costs of Defense in connection therewith renders a final determination that the Loss or Costs of Defense resulted from (a) the gross negligence or willful misconduct of the Indemnified Person, or (b) OPIC’s failure to perform any act required of it relating to the Loan. The Indemnity is independent of and in addition to (i) any rights of any party hereto in connection with any Loss or Costs of Defense, and (ii) any other agreement, and shall survive the execution, modification, and amendment of this Agreement and the other Transaction Documents, the expiration, cancellation, or termination of the Commitment, the disbursement and repayment of the Loan, and the provisions of any other indemnity. Any exclusion of an obligation to pay any amount under this Section shall not affect the requirement to pay such amount under any other Section hereof or under any other agreement. OPIC and each Indemnified Person shall have the right to control its, his, or her defense, provided, however, that each Indemnified Person shall: (a) notify the Borrower in writing as soon as practicable of any Loss, Potential Loss, or Cost of Defense, and (b) keep the Borrower reasonably informed of material developments with respect thereto. In exercising the right and power to control his, her, or its actions in connection with a Loss or Potential Loss, including a decision to settle any such Loss, each Indemnified Person shall, taking into account the nature and policies of such Indemnified Person (i) consult with the Borrower, and (ii) act as such Indemnified Person would act if the Costs of Defense or settlement were to be paid by such Indemnified Person. The Borrower acknowledges and agrees that each Indemnified Person is an express, third-party beneficiary of the Borrower’s obligations under this Section 9.11.
Costs of Defense means all reasonable and necessary legal fees, costs and expenses incurred by, or on behalf of, an Insured in defending or investigating any Claim against such Insured (including the reasonable and necessary expenses incurred in connection with any appeal of such Claim). Costs of Defense do not include any Insured’s overhead expenses or any salaries, wages, expenses or benefits of any Insured Person or any employee of an Insured.
Costs of Defense shall have the meaning given in the Policy, as modified by all endorsements and amendments through the date of this Agreement.