Mitigation Costs means reasonable and necessary fees, costs, charges and expenses incurred by any of the Insured Persons solely to mitigate a specific fact, circumstance or situation, that the risk manager, general counsel, chief executive officer or chief financial officer or equivalent of the Parent Company first become aware of and report to Underwriters during the Policy Period in accordance with Clause VI. D., which could reasonably give rise to a Claim, Investigation or Inquiry, but shall not include:
Mitigation Costs means an amount calculated in GT&Cs Section
Mitigation Costs means all of the costs associated with the Mitigation Work, including land acquisition, and any and all permits, licenses etc.
Examples of Mitigation Costs in a sentence
Indemnify the Insured against Mitigation Costs incurred with PAMIA’s consent, such consent not to be unreasonably withheld or delayed.
PAMIA will pay Mitigation Costs in excess of the Deductible, as and when they are incurred.
For the purposes of this Term of Cover Claim shall include Mitigation Costs and any payment sought by the Insured pursuant to the cover provided in Terms of Cover 1.5,1.6 and 1.7.
For the purposes of Terms of Cover 3.1, 3.2,3.3 and 3.4 Claim shall include Mitigation Costs and any payment sought by the Insured pursuant to the cover provided in Terms of Cover 1.5, 1.6 and 1.7.
The Total Nexus Costs, or Mitigation Costs, indicated above, may also be expressed on a per square foot level.
More Definitions of Mitigation Costs
Mitigation Costs means payments made by an impacted electrical company to another state either under a memorandum of agreement, or as a requirement of law for: (i) Financial assistance to a community affected by the retirement of an eligible coal plant; (ii) financial assistance to retrain workers who will be displaced as a result of the retirement of an eligible coal plant; (iii) any tax or fee imposed upon an electrical company that had not been imposed as of the effective date of this section; and (iv) any other cash or in-kind payment made pursuant to a memorandum of agreement entered into between an electrical company and another state regarding the retirement of an eligible coal plant.
Mitigation Costs means the reasonable fees, costs, charges and expenses consented to by the Insurer and incurred by an Insured Person to reduce the likelihood or severity of any Non-Indemnified Loss resulting from any potential Claim which would be covered under this Policy.
Mitigation Costs means reasonable and necessary payments to a potential claimant to reduce the ultimate legal liability of the Insured. In no event shall Mitigation Costs include: (a) payments which are not otherwise covered under the policy; or (b) other costs or overheads of an Insured.
Mitigation Costs means the reasonable costs, charges, fees or payment incurred by or on be- half of an Insured Person with the Company’s written consent, which are reasonably intended to prevent a Claim or mitigate the severity of Loss that would be covered under this Policy.
Mitigation Costs means any and all costs incurred by Tenant, in good faith, in effecting an Existing Lease Reduction Event, including, for example and without limitation, a termination fee paid to the Existing Landlord as consideration for the Existing Landlord’s agreement to terminate the term of the Existing Lease prior to the last day of the Abatement Period, or any and all costs incurred by Tenant in effecting a Transfer with respect to the Existing Lease, e.g. brokerage, legal fees, free rent and other subtenant/assignee incentives, and construction and design costs in connection with such Transfer. It is agreed that, for purposes of calculating the Net Reduction in Existing Lease Rent, all Mitigation costs shall be deemed amortized over: (i) in the case of an abatement of rent payable under the Existing Lease, during the period of such abatement: (ii) in the case of a termination of the Existing Lease, from the effective date of such termination through November 30, 2022; (iii) in the case of a sublease, during the term thereof; and (iv) in the case of an assignment or Transfer, from the effective date the assignment or Transfer through November 30, 2022.
Mitigation Costs means the additional external costs directly incurred by the Insured, with Insurer’s prior written consent, for the sole purpose of avoiding or reducing the financial consequences of a possible Claim.
Mitigation Costs shall not include any: