PCI Fines and Costs definition

PCI Fines and Costs means the direct monetary fines and penalties owed by the Insured under the terms of a Merchant Services Agreement, but only where such fines or penalties result both from actual or alleged noncompliance with published PCI Data Security Standards by the Insured and from a data breach caused by an incident (or reasonably suspected incident) described in Extension I.2.A.1. (Data Breach), I.2.A.2. (Computer Security Failure) or I.2.A.3 (Failure to disclose); provided, PCI Fines and Costs shall not include, any charge backs, interchange fees, discount fees, or other service related fees, rates or charges.
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PCI Fines and Costs means the direct monetary fines and penalties owed by the company under the terms of a merchant services agreement, but only where such fines or penalties result both from the company's actual or alleged noncompliance with published PCI Data Security Standards and from a data breach caused by an electronic business act, an electronic publishing act or a security breach; provided that, PCI fines and costs shall not include, any charge backs, interchange fees, discount fees, or other service related fees, rates or charges.
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Examples of PCI Fines and Costs in a sentence

  • To indemnify the Insured for PCI Fines and Costs which the Insured shall become legally obligated to pay because of a Claim first made against the Insured during the Policy Period and reported in writing to Us during the Policy Period or any Extended Reporting Period (if applicable), subject always to the PCI Fines and Costs limit specified in the Schedule.

  • EXCLUSIONS APPLICABLE TO ALL INSURING AGREEMENTS AND EXTENSIONS This Insurance does not apply to Damages, Penalties or Claims Expenses incurred with respect to any Claim or any costs or PCI Fines and Costs: A.

  • To indemnify the Insured for PCI Fines and Costs, in excess of the Retention, which the Insured shall become legally obligated to pay because of a Claim first made against any Insured during the Policy Period or Optional Extension Period (if applicable) and reported in writing to the Underwriters during the Policy Period or as otherwise provided in Clause X.

  • The purchase of the software licences via Data #3 also involves Council entering into the Agreement with Microsoft for the use of the software over the contract period.

  • The Retention shall be satisfied by monetary payments by the Company of PCI Fines and Costs.

  • USERS MUST NOT intentionally search for a security problem because this activity may be construed as an illegal attempt to gain access.

  • V15TL0150701 07/01/2015 To 07/01/2016 $72,290.00 Premium Cyber $5,000,000 Aggregate $2,500,000 Regulatory Defense & Penalties Aggregate $1,500,000 Crisus Management & Public Relations $1,000,000 Aggregate limit PCI Fines and Costs $2,000,000 Privacy Breach Reponse Services Aggregate Cyber $50,000 Deductible Security & Privacy Liability and Regulatory Defense & Penalties This schedule has been prepared for the convenience of the Insured and is not an exact and binding analysis of the coverages.

  • Figure 5-1 through Figure 5-6 present the comparison results.Figure 5-1 shows that at first glance, the outputs for Vendor 1, 3EPlus/Vendor 3/Evaluator, and the National Grid produce very similar bare heat loss values for 1” horizontal pipes, whereas the Vendor 2 tool49 (which does not reference ASTM C680, and instead assumes a constant heat loss coefficient across all configurations)50 produces heat loss rates that are significantly different from the other approaches.Figure 5-1.

  • Solely with respect to this endorsement, the definition of Loss in SECTION III - DEFINITIONS of the Network Security and Privacy Liability Coverage Part is amended to add the following:Loss shall not include PCI Fines and Costs; provided, however, notwithstanding the foregoing, solely with respect to the PCI FINES AND COSTS Insuring Agreement, Loss includes PCI Fines and Costs.

  • The Policy Aggregate Limit of Liability stated in Item 3.A.1. of the Declarations is the Underwriters’ combined total limit of liability for all Damages, Penalties, Public Relations and Crisis Management Expenses, PCI Fines and Costs, and Claims Expenses payable under this Policy.

Related to PCI Fines and Costs

  • Liabilities and Costs means all claims, judgments, liabilities, obligations, responsibilities, losses, damages (including lost profits), punitive or treble damages, costs, disbursements and expenses (including, without limitation, reasonable attorneys’, experts’ and consulting fees and costs of investigation and feasibility studies), fines, penalties and monetary sanctions, interest, direct or indirect, known or unknown, absolute or contingent, past, present or future.

  • Environmental Liabilities and Costs means all liabilities, monetary obligations, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand by any Governmental Authority or any third party, and which relate to any Environmental Action.

  • Attorneys’ Fees and Costs means: (i) fees and out of pocket costs of Lender’s and Loan Servicer’s attorneys, as applicable, including costs of Lender’s and Loan Servicer’s in-house counsel, support staff costs, costs of preparing for litigation, computerized research, telephone and facsimile transmission expenses, mileage, deposition costs, postage, duplicating, process service, videotaping and similar costs and expenses; (ii) costs and fees of expert witnesses, including appraisers; (iii) investigatory fees; and (iv) costs for any opinion required by Lender pursuant to the terms of the Loan Documents.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Environmental Costs any and all costs or expenses (including attorney’s and consultant’s fees, investigation and laboratory fees, response costs, court costs and litigation expenses, fines, penalties, damages, settlement payments, judgments and awards), of whatever kind or nature, known or unknown, contingent or otherwise, arising out of, or in any way relating to, any actual or alleged violation of, noncompliance with or liability under any Environmental Laws. Environmental Costs include any and all of the foregoing, without regard to whether they arise out of or are related to any past, pending or threatened proceeding of any kind.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Clean coal technology demonstration project means a project using funds appropriated under the heading “Department of Energy—Clean Coal Technology,” up to a total amount of $2,500,000,000 for commercial demonstration of clean coal technology, or similar projects funded through appropriations for the Environmental Protection Agency. The federal contribution for a qualifying project shall be at least 20 percent of the total cost of the demonstration project.

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Unwind Costs means an amount determined by the Calculation Agent equal to the sum of (without duplication) all costs, fees, charges, expenses (including loss of funding), tax and duties incurred by the Issuer and/or any of its Affiliates in connection with the redemption of the Credit- Linked Notes and the related termination, settlement or re- establishment of any hedge or related trading position.

  • Licensed site remediation professional means an individual

  • forecast prices and costs means future prices and costs that are:

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Associated Costs means, in respect of each Preference Share, an amount (subject to a minimum of zero) equal to its pro rata share (calculated on the basis of the proportion of the aggregate number of Preference Shares outstanding as at the Early Preference Share Valuation Date) as determined by the Calculation Agent of:

  • Environmental, Health and Safety Liabilities means any cost, damages, expense, liability, obligation or other responsibility arising from or under any Environmental Law.

  • Indemnified Costs has the meaning specified in Section 8.05(a).

  • Third Party Costs means all such third party costs (including legal and other professional fees) in respect of each Individual Scheme as a Partner reasonably and properly incurs in the proper performance of its obligations under this Agreement and as agreed by the Partnership Board. Working Day means 8.00am to 6.00pm on any day except Saturday, Sunday, Christmas Day, Good Friday or a day which is a bank holiday (in England) under the Banking & Financial Dealings Act 1971.

  • Approved costs means the eligible costs or expenditures2 as approved by the Provider, and as defined in the Agreement or Decision on Grant Funding to carry out the Grant Project.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Regulatory Costs are, collectively, future, supplemental, emergency or other changes in Reserve Percentages, assessment rates imposed by the Federal Deposit Insurance Corporation, or similar requirements or costs imposed by any domestic or foreign Governmental Authority and related in any manner to a Fixed Rate.

  • Direct Costs means the sum of the following:

  • Labor costs means total compensation of all employees, not to include compensation paid

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.

  • Environmental Activities means the use, generation, transportation, handling, discharge, production, treatment, storage, release or disposal of any Hazardous Materials at any time to or from any portion of the Premises or located on or present on or under any portion of the Premises.

  • Hard Costs means all costs and expenses payable for supplies, materials, labor and profit with respect to the Improvements under any Construction Contract.

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include: