Extortion Demand definition

Extortion Demand means any threat or series of connected threats to commit Malicious Product Tampering or Property Damage to an Insured Location owned or operated by the Named Insured for the purpose of demanding Extortion Money.
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Extortion Demand means any sums unlawfully demanded from You by a third party.
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Extortion Demand means an incident or series of related incidents occurring during the Policy Period where an Insured Entity receives a threat to launch an attack on, to suspend, or to otherwise disrupt a Network, disrupt or deface the Insured Entity’s website or release or use Protected Information in the Insured Entity’s care, unless monies are paid or specified action is taken, and an Executive Officer believes there is an imminent and probable danger of such action. An Extortion Demand does not include any demand seeking monies from the Insured Entity that are allegedly due and owing pursuant to contract or operation of law. Extortion Payment means all reasonable and necessary expenses incurred by the Insured Entity with the Insurer’s prior consent, in order to respond to an Extortion Demand, including payment of monies demanded by an extortionist. Extortion Payments do not include such expenses to the extent the Insured Entity has recovered such expenses or been reimbursed for them from any other source. Extra Expense means any reasonable and necessary expenses, in excess of the Insured Entity’s normal operating expenses, that the Insured Entity incurs during the Period of Restoration associated with restoring and resuming Commerce Operations, including: A. reasonable expense incurred to minimize the interruption of Commerce Operations not covered elsewhere in this Policy; and,
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Examples of Extortion Demand in a sentence

  • This exclusion does not apply to Malicious Product Tampering or Product Extortion Demand.

  • The Retentions, shown in the Schedule of this endorsement, apply to Cyber Management Expenses, Damages, Credit Monitoring Costs, Claim Expenses, Extortion Payments, Business Income and Extra Expenses or First Party Loss incurred in each Network Security Breach, Privacy Violation, Interrelated Breaches/Violations, Extortion Demand, Exploit or Network Impairment.

  • ConfidentialityThe Named Insured agrees to use all reasonable efforts not to disclose the existence of the Extortion Demand coverage afforded under this Policy.

  • In the event the Insured is prevented from reporting a Claim or Event because of a statute, law, regulation, court order or written instruction or request from a law enforcement, regulatory or other government agency prohibiting the Insured from disclosing information pertaining to a Security Event, Extortion Demand or Crime Event, notice of such Claim or Event will be considered timely if made as soon as practicable after termination of such prohibition.

  • Each Extortion Demand that forms part of a related series of Extortion Demands will be treated as being first made when the first of such related Extortion Demands is made.

  • However, there shall be no coverage afforded by this policy for any Claim, Security Failure, Privacy Incident or Extortion Demand occurring after the effective time of the Organizational Change.

  • Furthermore, unless notice of such Claim, Security Failure, Privacy Incident or Extortion Demand is reported in accordance with this Clause, there shall be no coverage for Incident Response Expenses in connection with such incident.

  • Medical services and hospitalization costs paid by the Named Insured on behalf of any person(s) directly involved in the handling or negotiating of an Extortion Demand and the handling of Extor- tion Money as the direct result of an Extortion Demand provided the costs are incurred within thirty-six (36) months following the last extortion threat determined to be credible by the Crisis Response Consultants or other expert approved by the Insurers.

  • Each and every Insured shall give the Insurer full cooperation and such information as it may reasonably require relating to the defense and settlement of any Claim, or verification of any Security Failure, Privacy Incident or Extortion Demand and the prosecution of any counter-claim, cross-claim or third-party Claim, including without limitation the assertion of an Insured ’s indemnification or contribution rights.

  • Medical services and hospitalization costs paid by the Named Insured on behalf of any person(s) directly involved in the handling or negotiating of a Product Extortion Demand and the handling of Extortion Money as the direct result of a Product Extortion Demand provided the costs are incurred within thirty-six (36) months following the last extortion threat determined to be credible by Crisis Response Consultants or other expert approved by the Insurer.


More Definitions of Extortion Demand

Extortion Demand means a threat or series of threats made against the Insured involving the "contamination" or other impairment to the Insured's food product(s), requiring payments of money or the monetary value of Property, or other Consideration, as a condition to remove such threat(s) or to identify such contaminated food product(s). EXCLUSIONS: COVERAGE A ONLY: Coverage A does not apply to expenses incurred by the Insured for withdrawal of the Insured's food product(s) by reason of:
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Related to Extortion Demand

  • on demand means a system where a user, subscriber or viewer is enabled to access, at a time chosen by such user, any content in electronic form, which is transmitted over a computer resource and is selected by the user;

  • Certificate of Termination Demand means a certificate substantially in the form of Annex C to any Multi-Series Letter of Credit.

  • Biochemical Oxygen Demand (BOD) shall mean the quantity of oxygen utilized in the biochemical oxidation of organic matter under standard laboratory procedure in five (5) days at 20 degrees Centigrade, expressed in milligrams per liter.

  • Peak Demand means the maximum Metered Demand in the last 12 months;

  • Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.

  • Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.

  • Video-On-Demand or “VOD” means a programming system for transmission and retransmission of a single motion picture or programme (or series of related programs) delivered by means of a telecommunications or other technical system from a digital storage devise or presented in any form that permits Exhibition of such motion picture or programs in a non-linear form at the discretion of the viewer.

  • Billing Demand means the metered demand or connected load after necessary adjustments have been made for power factor, intermittent rating, transformer losses and minimum billing. A measurement in kiloWatts (kW) of the maximum rate at which electricity is consumed during a billing period;

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

  • Replacement Notice is defined in Section 4.11.

  • Contract Demand means:-

  • Application Unit means such number of Units or whole multiples thereof as specified in this Prospectus or such other whole multiple of Units determined by the Manager, approved by the Trustee and notified to the Participating Dealers.

  • LC Payment Notice has the meaning specified in Section 2.04(e).

  • Final Receipt means the receipt issued by the Principal Regulator, evidencing that a receipt has been, or has been deemed to be, issued for the Final Prospectus in each of the Qualifying Jurisdictions;

  • Take-Down Notice shall have the meaning set forth in Section 4(c) hereof.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank.

  • Commercial use request means a re- quest from or on behalf of one who seeks information for a use or purpose that furthers the commercial, trade, or profit interests of the requester or the person on whose behalf the request is made.

  • Reduction Notice has the meaning set forth in Section 1.3.

  • Redirection Notice shall have the meaning assigned to such term in Section 14(c).

  • improvement notice means the notice issued by the Authority to the Supplier pursuant to Clause 32.1.3 (Authority Remedies) which will detail how the Supplier shall improve the provision of the Goods and/or Services;

  • Indemnity Notice shall have the meaning specified in Section 9.3(b).

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Biochemical Oxygen Demand (BOD means the quantity of oxygen utilized in the biochemical oxidation of organic matter under standard laboratory procedure in five (5) days at 20 degrees C, expressed in milligrams per liter.

  • Event of Loss means, with respect to any Property, any of the following: (a) any loss, destruction or damage of such Property; (b) any pending or threatened institution of any proceedings for the condemnation or seizure of such Property or for the exercise of any right of eminent domain; or (c) any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such Property, or confiscation of such Property or the requisition of the use of such Property.

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

  • Payment Notice has the meaning assigned to it in Section 8.06(c).