Inquiry Costs definition

Inquiry Costs means reasonable and necessary fees and expenses incurred by the Insured Persons solely in connection with such Insured Persons preparation for and response to an Inquiry, but shall not include:

Inquiry Costs means the costs and expenses incurred by or on behalf of the Insured incurred in preparing for and being represented at an Inquiry and shall include legal costs and disbursements. Inquiry Costs do not include salaries, wages, allowances, fees, commissions, awards, bonuses, and travel or accommodation expenses.

Inquiry Costs means any reasonable and necessary fees, costs and expenses resulting solely from the representation of any Insured at an Inquiry including any investigation directly related to such representation but shall not include the travel, accommodation, salary or other employment related costs (including remuneration of any Principal) of any Insured.

Examples of Inquiry Costs in a sentence

• The Insured is liable for the amount of any Inquiry Costs that is less than or equal to the Excess for each notice.

• This means that if the Inquiry Costs Limit is exhausted by some of the Insured then there will be no cover remaining.The Policy provides Fidelity Cover, which is subject to a Limit of $50,000 in the aggregate, shared by all the Insured.

• However, the Insured will not be required to reimburse the Insurer for any Inquiry Costs paid under this clause up until that time.

• The Excess is deducted from Inquiry Costs payable before the application of the aggregate limit stated in paragraph 5 of the Inquiry Costs Automatic Extension.

• This means that if the Limit of Indemnity and any reinstatement of the Limit of Indemnity under the Automatic Reinstatement Automatic Extension are exhausted by Claims against some of the Insured then there will be no cover remaining.The Policy provides Inquiry Costs cover, which is subject to a Limit of $500,000 in the aggregate, shared by all the Insured.

More Definitions of Inquiry Costs

Inquiry Costs means necessary and reasonable legal costs and expenses incurred by the Insured arising out of any notice requiring the Insured's attendance at an inquiry or hearing held before an Inquiring Body, including any Tribunal of the Insured professional body or regulator.

Inquiry Costs means reasonable fees and expenses incurred by an Insured Person in response to an Inquiry, including, without limitation, fees and expenses incurred in preparation for, and attendance at, an interview or meeting requested by an Investigating Authority or a REIT. Inquiry Costs exclude any: (i) compensation, benefits expenses or overhead of any Insureds; or (ii) fees and expenses to comply with any discovery or production request seeking documents, records or electronic information in the possession of a REIT or any third-party.

Inquiry Costs means all legal costs reasonably incurred in connection with the Insured’s attendance at an Inquiry.

Inquiry Costs means reasonable fees and expenses incurred by the Insured Persons in connection with such Insured Persons’ preparation for and response to an Inquiry, including reasonable fees and expenses incurred by the Insured Persons to produce documents in his or her possession, to prepare for an interview or meeting, or to provide sworn testimony, but shall not include:

Inquiry Costs means reasonable and necessary fees, costs (including but not limited to attorney's fees) and expenses (other than regular or overtime wages, salaries, bonuses, stock options, or fees or any other form of compensation of any Insured Person) consented to by the Insurer and incurred by the Insured Person solely in connection with his or her preparation for and response to an Inquiry; provided that Inquiry Costs shall not include any cost of complying with any discovery or other request seeking documents (including electronic information) in the possession or control of an Insured or any other third party.For purposes of the definition and use of Inquiry Costs, Insured Person shall not include an Employee.

Inquiry Costs means necessary and reasonable legal costs and expenses incurred by the Insured arising out of any notice from an Inquiring Body requiring a response from the Insured or requiring the Insured’s attendance at an investigation, inquiry or hearing held before the Inquiring Body (not being Insured Costs).

Inquiry Costs means necessary and reasonable legal costs and expenses incurred by the Insured arising out of any notice requiring the Insured's attendance at an inquiry or hearing held before an Inquiring Body.