Product Recall Expenses definition

Product Recall Expenses means those reasonable and necessary extra expenses, listed below, paid and directly related to a "product recall":
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Product Recall Expenses means all costs associated with the recall of each Shared Product and Companion Diagnostic.
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Product Recall Expenses means [***].
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Examples of Product Recall Expenses in a sentence

  • It is agreed that Product Recall Expenses, if any, shall be payable in the same currency in which the premium has been paid.

  • Product Recall Expenses Expenses incurred in the recall of defective products.

  • Subject always to the Limit of Liability set forth in the Declarations, and to all of the terms, conditions, exclusions and other provisions hereinafter mentioned, the Company will indemnify the Insured for Product Recall Expenses arising out of a Covered Incident in excess of the Attachment Point set forth in the Declarations, provided that the Covered Incident is discovered and first reported to the Company during the Policy Period.

  • The Insured shall also provide promptly any additional information which the Company may reasonably require to determine the existence of a Covered Incident or the amount of any Product Recall Expenses hereunder.

  • Such offset may include balances due under this Policy and any other policies heretofore or hereafter entered into between the Parties, regardless of whether such balances are in respect of premiums or Product Recall Expenses or otherwise and regardless of the capacity of any party, whether as Company or Insured or otherwise.

  • In the event that Product Recall Expenses involving local currency must be converted to the currency listed in the Declarations (or any other currency) in order to indemnify the Insured, conversion shall be at the foreign exchange selling rate published in the Wall Street Journal as of the date of the payment.

  • Subject to the Section 5 Combined Total Limit and irrespective of the number of product recall defects, the liability of the Company under the applicable Section 5 coverage for applicable expenses shall not exceed the Crisis Response Expenses or Product Recall Expenses Sub Limit, as applicable, stated in the Schedule.


More Definitions of Product Recall Expenses

Product Recall Expenses means [***], except to the extent already allocated pursuant to subsection (h).
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Product Recall Expenses means all reasonable and necessary costs incurred, due to the occurrence of a Covered Incident, to inspect, collect, withdraw and/or destroy recalled Insured Product(s). All Product Recall Expenses shall be limited to: i) the cost of publishing the recall in newspapers, magazines, or any other printed media, in radio and/or television broadcasts, or any other announcements (whether electronic or otherwise), as well as the cost of correspondence exclusively made for the purpose of announcing and/or implementing the recall of the Insured Product(s);
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Product Recall Expenses. Means reasonable and necessary costs incurred directly by the Insured in respect of:
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Product Recall Expenses means: reasonable and necessary costs personally and directly incurred by You, in respect of:• communications including radio and television announcements and printed advertisements;• the cost of shipping IT Products from any purchaser, distributor or user to the place or places designated byYou;• the cost of hire of necessary, additional persons other than Your regular employees;• remuneration paid to Your regular employees at basic rates for necessary straight time or overtime, if required;• expenses incurred for transportation and accommodation of Your employees where necessary;• the extra expense for rent or hire of additional warehouse or storage space;• the disposal or destruction of IT Products recalled;but only when such costs are incurred exclusively for the purpose of recalling IT Products [including any property of which such IT Products form a part] because of an Occurrence. It does not include the actual value of the IT Products [including any property of which such IT Products form a part] themselves, or any legal liability to pay damages or compensation of any sort to any other person.
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Related to Product Recall Expenses

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • Patent Expenses means all reasonable costs (including attorneys’ and application fees) incurred by University in accordance with this Agreement to apply for, prosecute and maintain Licensed Patents, including but not limited to the costs of interferences, oppositions, inter partes review and re-examinations. Patent Expenses include reimbursement for in-house costs provided they are for activities that would otherwise have been performed by outside counsel at an equal or greater expense.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Commercialization Costs means the sum of the following costs and expenses incurred by the Parties or their respective Affiliates, in Commercializing the Shared Products (and related Manufacturing activities) in the Territory, in each case, to the extent incurred in accordance with the Commercialization Plan and Commercialization Budget:

  • 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.

  • Manufacturing Cost means [***].

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • 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:

  • Product Backlog means a list of those Stories that do not form part of the current Sprint Plan at that time and which are to form the subject of a future Sprint, either in the current Release at that time or a subsequent Release;

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Program Costs means all necessary and incidental costs of providing program services.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • FTE Costs means the product of (a) the number of FTEs (proportionately, on a per-FTE basis) used by a Party or its Affiliates in directly performing activities assigned to such Party under and in accordance with the Global Development Plan, Commercialization Plan or Medical Affairs Plan, as applicable, and (b) the FTE Rate.

  • Patent Costs means the reasonable, documented, out-of-pocket costs and expenses paid to outside legal counsel, and filing and maintenance expenses, [***] in Prosecuting and Maintaining Patents.

  • Third Party Costs means all such third party costs (including legal and other professional fees) in respect of each service as a Party reasonably and properly incurs in the proper performance of its obligations under this Agreement and as agreed by the Partnership Board.

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • 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.

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • 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.

  • Marketing Expenses mean the sum of Marketing Management Expenses, Advertising and Market Research Expenses and Medical Education Expenses.

  • Non-Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Clinical nurse specialist means a registered nurse with relevant post-basic qualifications and 12 months’ experience working in the clinical area of his/her specified post-basic qualification, or a minimum of four years’ post-basic registration experience, including three years’ experience in the relevant specialist field and who satisfies the local criteria.