Incident Costs definition
Incident Costs means reasonable and documented external costs of one Party and its Affiliates associated with addressing and responding to an Information Security Incident arising from the systems or personnel of the other Party, including, without limitation: (i) preparation and mailing or other transmission of such notices and other communications to customers, suppliers, employees, contractors or other contractual partners of the first Party or others as such Party deems reasonably appropriate; (ii) if determined necessary by the first Party, establishment of a call center, website or other communications procedures in response to such Information Security Incident (e.g., customer service FAQs, talking points and training); (iii) legal and accounting fees and expenses reasonably incurred and associated with the first Party’s investigation of and response to such event; (iv) costs for commercially reasonable credit monitoring, watch list and similar services that are necessary or reasonably advisable under the circumstances; (v) third-party fees and expenses associated with a forensic investigation or analysis of the Information Security Incident; (vi) the cost of reissuing Cards; (vii) reimbursing Customers for unauthorized payments; (viii) fines and charges imposed by a Governmental Body or Network; and (ix) third party expenses incurred in connection with investigation of the Information Security Incident by a Governmental Body or Network. For the avoidance of doubt, “Incident Costs” do not include any expense associated with a service or benefit that a Party provides to its customers generally and not as a result of an Information Security Incident.
Incident Costs means reasonable and documented external costs of one Party and its Affiliates associated with addressing and
Incident Costs means fees and costs incurred in addition to the main service, item or event paid for during business activities.
Examples of Incident Costs in a sentence
Those exceeding amounts shall be deemed Individual Incident Costs.