Examples of Costs of Defense in a sentence
Provided that the Insurer shall be permitted to effectively associate with the Insureds in the defense of any Claim (including, but not limited to, negotiating a settlement of any Claim), the Insurer’s consent to a settlement, stipulated judgment or Costs of Defense shall not be unreasonably withheld.
If there is no agreement between the Insurer and the Insured on the amount of Costs of Defense to be advanced for the Claim, the Insurer shall advance Costs of Defense that it reasonably believes are covered under this Policy until a different allocation is negotiated or determined.
In the event the Insured assumes the defense of the Claim, the Insurer shall advance Costs of Defense pursuant to Section II.
The obligation of the Insurer to pay Loss, including Costs of Defense, will only be in excess of the applicable Retention set forth in Item 4 of the Declarations.
Each Borrower shall, at all times, indemnify and hold harmless OPIC and its directors, officers, and employees (each, an “Indemnified Person”) in connection with any Loss (as defined below), any Costs of Defense (as defined below) and any litigation, investigation or proceeding relating to any Loss regardless of whether any Indemnified Person is a party thereto (the “Borrower Indemnity”).