Extortion Expense definition

Extortion Expense means the Insured’s rea- sonable expenses to retain a negotiator ap- proved by the Company, where such expenses are in excess of the normal operating costs of the Insured's business and are directly in re- sponse to a covered Extortion Threat. Extor- tion Expense does not include salary charges or expenses of regular employees of the In- sured.
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Extortion Expense means the reasonable and necessary expenses, including forensic expenses, incurred by you that are directly attributable to a Cyber Extortion.
Sample 1

Examples of Extortion Expense in a sentence

  • Nor did the university submit any declarations from the law firm attesting that their services were a rendition of professional legal services or advice.

  • All Damages, Claims Expenses, Data Breach Expenses, and Extortion Expenses resulting from a single Claim shall be deemed, respectively, a single Damage, Claims Expense, Data Breach Expense, or Extortion Expense.

  • Coverage Requests:Coverage under the Kidnap and Extortion Expense Reimbursement coverage of this endorsement will apply based on your request for coverage.

  • To pay Extortion Expense, in excess of the Deductible, that is a direct result of an Incident that first takes place on or after the Retroactive Date and before the end of the Policy Period, is first discovered by an insured during the Policy Period or Optional Extended Reporting Period, if applicable, and is reported in writing to us during the Policy Period, within 30 days thereafter, or during the Optional Extended Reporting Period, if applicable, as provided for in Clause IX.

  • Cyber Extortion Expense Reimbursement will not cover any ransom or extortion monies paid by the member.

  • Limits of Liability: Coverage Form Aggregate Limit of Liability $_ _ Prior Incident Sublimit $ _Data Response Services Sublimit $ _ PCI Fines, Expenses and Costs Sublimit $_ _Website Media Liability Sublimit $ __Data Protection Loss Sublimit $_ _ Business Interruption Loss Sublimit $ _ Extortion Expense Sublimit $ 2.

  • Kidnap & Extortion Expense Reimbursement Coverage (for kidnap situations occurring either overseas or in the U.S.) - We will reimburse up to$25,000 for common expenses that are incurred in response to kidnap/extortion incidents.

  • That the Bidder shall furnish information/data/documents/printed brochures covering the following aspects of the Metallurgical Coke producer/plant from where the Coke is offered.

  • Order of Payments:Covered bills and expenses under the Kidnap and Extortion Expense Reimbursement coverage of this endorsement will be paid in the order that they are received by us until limit of coverage has been paid, at which point payment under this reimbursement coverage will cease.

  • HOW MUCH WE PAY(KIDNAP AND EXTORTION EXPENSE REIMBURSEMENT COVERAGE) In addition to the above How Much We Pay provisions, the following provisions will also apply to the Kidnap and Extortion Expense Reimbursement coverage of this endorsement.

Related to Extortion Expense

  • Litigation Expense means any expenses reasonably incurred in connection with investigating, defending or asserting any claim, action, suit or proceeding incident to any matter indemnified against under this Agreement, including, without limitation, court filing fees, court costs, arbitration fees or costs, witness fees, and fees and disbursements of legal counsel, investigators, expert witnesses, accountants and other professionals.

  • Transaction Expenses means any fees or expenses incurred or paid by the Investors, Holdings, the Borrower or any of its (or their) Subsidiaries in connection with the Transactions (including expenses in connection with hedging transactions), this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Disposition Expenses means reasonable out-of-pocket expenses incurred by the Servicer in connection with the sale at auction or other disposition of a Leased Vehicle by the Servicer.

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Common expense means costs incurred by the association to exercise any of the powers provided for in the association's governing documents.

  • Acquisition Expenses means any and all expenses, exclusive of Acquisition Fees, incurred by the Company, the Operating Partnership, the Advisor or any of their Affiliates in connection with the selection, evaluation, acquisition, origination, making or development of any Investments, whether or not acquired, including, without limitation, legal fees and expenses, travel and communications expenses, brokerage fees, costs of appraisals, nonrefundable option payments on property not acquired, accounting fees and expenses, title insurance premiums and the costs of performing due diligence.

  • Distribution Expenses means the reasonable costs, excluding overhead, incurred by ZIOPHARM that are directly and reasonably allocable to the distribution of a ZIOPHARM Product with respect to a particular country where such ZIOPHARM Product has been launched, excluding any costs included as a deduction in calculating Net Sales.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Final Transaction Expenses has the meaning set forth in Section 3.2(b).

  • Unpaid Transaction Expenses has the meaning specified in Section 2.4(c).

  • Common expense liability means the liability for common

  • Property Protection Expenses Any costs and expenses incurred by the Master Servicer, the Special Servicer or the Trustee pursuant to Section 3.04, 3.07, 3.10(f), 3.10(g) or 3.17(b) or indicated herein as being a cost or expense of the Lower-Tier REMIC to be advanced by the Master Servicer or the Trustee, as applicable.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Election expenses means expenses incurred, whether before, during or after the election, on account of, or in respect of, the conduct or management of the election.

  • Seller Transaction Expenses means all unpaid fees, costs, charges, expenses, obligations, payments and awards that are incurred by the Sellers or their Affiliates in connection with, relating to or arising out of the preparation, negotiation, execution, delivery and performance of this Agreement and the Transaction Documents and the consummation of the transactions contemplated hereby and thereby, including all Taxes.

  • Company Transaction Expenses means all costs, fees and expenses payable by the Company or any of its Subsidiaries to any Person incurred by or on behalf of the Company, any of its Affiliates or any of the Sellers on or before the Closing in connection with the preparation, negotiation, execution and consummation of this Agreement and the transactions contemplated hereby to the extent, if any, unpaid as of immediately prior to Closing (but calculated assuming consummation of the transactions contemplated hereby such that all Company Transaction Expenses that become payable as a consequence of, or upon, the Closing are included), including: (a) any brokerage, finders’ or other advisory fees, costs, expenses, commissions or similar payments; (b) any fees, costs, disbursements or expenses of counsel, accountants or other advisors or service providers; (c) other than the aggregate Option Cancellation Payments, any fees, costs, expenses of, or payments to be made by, the Company or any of its Subsidiaries related to any transaction or retention bonus, incentive bonus, stay bonus, long-term incentive awards, termination or change-of-control payment, severance or other compensatory payments to be made to any current or former employee, director or other current or former individual service provider of the Company or any of its Subsidiaries, in whole or in part, as a result of or in connection with the execution of this Agreement or the consummation of the transactions contemplated hereby (but excluding, for the avoidance of doubt, any such arrangements that are implemented by Buyer), including Tax “gross up” payments payable with respect to any of the foregoing; (d) the required employer portion of payroll or similar Taxes payable in connection with the Option Cancellation Payments or any Company Transaction Expenses (or an item that would have been a Company Transaction Expense if it had not been paid prior to the Closing); (e) any termination, exit or similar fees and expenses payable to any Seller or any of their respective Affiliates as a result of or in connection with the execution of this Agreement or the consummation of the transactions contemplated hereby pursuant to any advisory, management or other similar Contract with the Company or any of its Subsidiaries; and (f) all other fees and expenses payable by the Company or any of its Subsidiaries in connection any transactions contemplated with other potential acquirors of (or investors in) the Company or any of its Subsidiaries (including in connection with any auction process) or other strategic alternatives pursued by the Company or any of its Subsidiaries (including any public or private offering of securities).

  • Closing Transaction Expenses means the Transaction Expenses as set forth on the Closing Statement.

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Excluded Expenses means an amount a claimant pays for insurance offered under a health benefit plan for a taxable year if:

  • Consolidated Amortization Expense means, for any period, the amortization expense of Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.