Covered Amounts definition

Covered Amounts means any damages, penalties, fines, fees, costs and expenses (including reasonable attorneys’ fees and costs) incurred directly and reasonably necessarily in connection with any Third Party Claim or agreed to by the Indemnifying Party in settlement of any Third Party Claim, but excluding internally allocated costs incurred by an Indemnified Party in providing cooperation to an Indemnifying Party or in participating in the defense of a Third Party Claim (provided that the Indemnifying Party has assumed the defense of such Third Party Claim).
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Covered Amounts means any amounts we have expressly agreed to pay under any Coverage Part you have purchased.
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Covered Amounts means any damages, penalties, fines, fees, costs and expenses (including reasonable attorneys’ fees and costs) awarded by a court or administrative, regulatory or other authority of competent jurisdiction in any Third Party Claim or agreed to by the Indemnifying Party in settlement of any Third Party Claim.
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Examples of Covered Amounts in a sentence

  • The party asserting the right of offset may, with the concurrence of the other party, exercise such right any time, whether the balances due are on account of premiums, Covered Amounts or late payment fees.

  • The amounts that may be payable by the Seller to the Purchaser under the Purchase Price Provision are herein called the "Covered Amounts." One purpose of the Escrow Account is, to the extent herein provided, to provide a source of funds for the payment of the Covered Amounts.

  • The amounts that may be payable by the Sellers to the Purchaser under the Purchase Price Provision are herein called the "Covered Amounts." One purpose of the Escrow Account is, to the extent herein provided, to provide a source of funds for the payment of the Covered Amounts.

  • Notwithstanding any other term or condition of this Contract, should any regulatory or other legal restriction require modification of the Policy, the liability of each Reinsurer, including, but not limited to, each Reinsurer's obligation to pay its quota share percentage of any Covered Amounts and each Reinsurer's obligation to pay any late payment fee attributable to the applicable Reinsurer, will follow that of the Company under the Policy.

  • Notwithstanding any other term or condition of this Contract, should any regulatory or other legal restriction require modification of the Policy, the liability of each Reinsurer, including, but not limited to, each Reinsurer's obligation to pay its quota share percentage of any Covered Amounts and each Reinsurer’s obligation to pay any late payment fee attributable to the applicable Reinsurer, will follow that of the Company under the Policy.

  • Said report will provide a summary of the following with respect to the applicable Reinsurer for the month just ended (and cumulative year to date): gross ceded premium, paid Covered Amounts and late payment fees, and will also separately identify if any such amounts were directly withdrawn by the Original Insured from such Reinsurer's Trust Account, and include copies of the monthly reports provided by the Indenture Trustee as identified in the Policy.

  • If Indemnitee was or is made a party, or is threatened to be made a party, to or is otherwise involved (including, without limitation, as a witness) in any Proceeding, the Company shall hold harmless and indemnify Indemnitee from and against any and all Covered Amounts.

  • If (X) amounts are drawn under a Covered SME Transaction after the Disbursement Longstop Date or (Y) part (but not all) of an SME Transaction becomes an Excluded SME Transaction under Clause 6.2(c) or Clause 6.2(f) (any such amounts that are so drawn or so excluded, the “Non Covered Amounts”), Defaulted Amounts in respect of that Covered SME Transaction will be calculated without regard to such Non Covered Amounts.

  • Said report will provide a summary of the following with respect to the applicable Reinsurer for the month just ended (and cumulative year to date): gross ceded premium, paid Covered Amounts and late payment fees, and will also separately identify if any such amounts were directly withdrawn by the Original Insured from such Reinsurer’s Trust Account, and include copies of the monthly reports provided by the Indenture Trustee as identified in the Policy.

  • After the Employee's tax returns are prepared, the Employee's hypothetical tax will be recomputed to reflect the actual facts and final Covered Amounts for the year ("final hypothetical tax"), and the difference between the retained hypothetical tax and the final hypothetical tax will be settled promptly thereafter by payment from the Employee to the Company, if the final hypothetical tax exceeds the retained hypothetical tax, or vice-versa, as the case may be.