Claims Expenses definition

Claims Expenses means reasonable legal and necessary experts’ fees, costs and expenses incurred in the defence of a Claim that have been specifically consented to by the Underwriters. Claims Expenses do not include:

Claims Expenses means reasonable legal costs and other expenses incurred by or on behalf of the Assured(s) in the defence of any covered claim including attorney's fees and disbursements, investigation, adjustment, appraisal, appeal costs and expenses and pre- and post- judgement interest, excluding salaries, wages and benefits of the Assured's employees and the Assured's administrative expenses.

Claims Expenses means (a) Fees charged by an attorney or attorneys designated by Us and all other fees, costs,

Examples of Claims Expenses in a sentence

• The Limit of Liability available to pay Damages shall be reduced and may be completely exhausted by payment of Claims Expenses.

• If judgment is rendered, settlement is denominated or another element of Damages under this Policy is stated in a currency other than United States dollars or if Claims Expenses are paid in a currency other than United States dollars, payment under this Policy shall be made in United States dollars at the rate of exchange published in the Wall Street Journal on the date the judgment becomes final or payment of the settlement or other element of Damages is due or the date such Claims Expenses are paid.

• Claims Expense Claims Expenses incurred by the Assured in determining the amount of covered loss under this Bond in excess of the applicable Deductible Amount.

• It is agreed that the Limit of Liability available to pay Damages shall be reduced and may be completely exhausted by payment of Claims Expenses.

• With respect to any Claim against the Insured seeking Damages or Penalties which are payable under the terms of this Policy, the Underwriters will pay Claims Expenses incurred with their prior written consent.

More Definitions of Claims Expenses

Claims Expenses means payment of judgments, settlement of claims, expense, loss, and damage.

Claims Expenses means:

Claims Expenses means that part of a "loss" consisting of reasonable and necessary fees (including attorneys' and experts' fees), expenses incurred in the defense or appeal of a "claim", and the premium for appeal, attachment or similar bonds (without any obligation on our part to provide such bonds), excluding the wages, salaries, benefits or expenses of any "insured person".

Claims Expenses shall also include all Losses indemnified pursuant to Section 2.06(b) (including amounts advanced pursuant to the second sentence thereof) and payments made or advanced pursuant to Sections 7.02.

Claims Expenses means reasonable legal costs and other expenses incurred by or on behalf of the Insured(s) in the defence of any covered claim including attorney's fees and disbursements, investigation, adjustment, appraisal, appeal costs and expenses and pre- and post- judgement interest, excluding salaries, wages and benefits of the Insured's employees and the Insured's administrative expenses.

Claims Expenses means the sum of all fees, costs and expenses (including attorneys’ fees and expenses, including fees paid in exchange for services provided by outside counsel in connection with prosecuting the Litigation that are contingent on the success of the Litigation) incurred or accrued by the Company in prosecuting, defending and/or settling the Litigation; provided that the Royalties shall not be deemed to be Claims Expenses.

Claims Expenses means the sum of all direct expenses paid after the date of the Merger Agreement by the Parent, River, River Subsidiaries and their Affiliates (i) including any amounts paid to or on behalf of the Rights Agents pursuant to Section 3.4 of this Agreement but (ii) excluding (A) contingency fees paid in exchange for services provided by outside counsel in connection with prosecuting the Litigation and (B) any payment of Firm Expenses.