LOSS ADJUSTMENT EXPENSE Sample Clauses

LOSS ADJUSTMENT EXPENSE. REIMBURSEMENT (a) Loss Adjustment Expense Reimbursement shall be 5% of the reimbursed losses under this Contract as provided in Article IV, pursuant to Section 215.555(4)(b)1., Florida Statutes. (b) To the extent that loss reimbursements are limited to the Payout Multiple applied to each Company, the 5% Loss Adjustment Expense is included in the total Payout Multiple applied to each Company.
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LOSS ADJUSTMENT EXPENSE. Loss adjustment expense in respect of Extra Contractual Obligations and Loss in Excess of Policy Limits shall be covered under this Agreement in the same manner as other loss adjustment expense.
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LOSS ADJUSTMENT EXPENSE. This term shall mean the COMPANY’s expenses allocable to losses under this AGREEMENT in connection with the defense and settlement of such claim, loss or legal proceeding including investigation, negotiation and legal expenses; court costs; statutory penalties; bond costs; adjustment and litigation; and post-judgment interest and payment delay damages; arising under the COMPANY’s original policies reinsured hereunder. Such expenses shall not include office expenses and salaries of officials or employees of the COMPANY.
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LOSS ADJUSTMENT EXPENSE. Pro rata Loss Adjustment Expense (LAE) - calculated at 5% of gross written premiums - inclusive of declaratory judgement expenses and legal expenses incurred in connection with coverage questions in addition to any limits specified hereunder and paid as part of ceding commission. CEDING COMMISSION: Provisional 25% Adjustable as follows: (20% Minimum sliding at 2/3 : 1 from Loss Ratio 55% to 70% up to a Maximum of 30% Ceding commission on premiums ceded to the Reinsurer. (Deficit Carry Forward Clause) (Loss Ratio calculated on paid losses and Outstanding losses + LAE) Annual adjustments due within 60 days following end of underwriting year. Balances owed to Reinsurer to be included with adjustment. Balances owed to Company to be remitted within 15 days by the Reinsurer. Deficit and credit carry forward to extinction. Adjustments to continue until all losses are finalized. EXCLUSIONS: As per full contract wording to be agreed all underwriters.
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LOSS ADJUSTMENT EXPENSE. The Company will reimburse the Named Insured for the Company’s share of loss adjustment expense. Loss adjustment expense includes expenses incurred in investigation, adjustment, and litigation by the Named Insured or its Administrator, but does not include salaries or office expenses. The Company’s share of loss adjustment expense shall be a percentage of the total loss adjustment expense actually incurred by the Named Insured and the Administrator. The percentage will be determined by a ratio of the amount of payment by the Company for a Covered Loss, to the amount paid from the Named Insured’s Retention for that loss.] SPECIMAN
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LOSS ADJUSTMENT EXPENSE. (a) All legal defense costs and loss adjustment expenses (including both pre-judgment and post-judgment interest paid by Aetna, but excluding unallocated loss adjustment expenses) incurred by Aetna,
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LOSS ADJUSTMENT EXPENSE. The term "
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Related to LOSS ADJUSTMENT EXPENSE

  • Exclusions from Operating Expenses Notwithstanding the above, Operating Expenses shall not include the following: (i) Interest, principal, depreciation, and other lender costs and closing costs on any mortgage or mortgages, ground lease payments, or other debt instrument encumbering the Building; (ii) Any bad debt loss, rent loss, or reserves for bad debt or rent loss; (iii) Costs associated with operation of the business of the ownership of the Building or entity that constitutes Landlord or Landlord’s property manager, as distinguished from the cost of Building operations, including the costs of partnership or corporate accounting and legal matters; defending or prosecuting any lawsuit with any mortgagee, lender, ground lessor, broker, tenant, occupant, or prospective tenant or occupant; selling or syndicating any of Landlord’s interest in the Building; and disputes between Landlord and Landlord’s property manager; (iv) Landlord’s general corporate or partnership overhead and general administrative expenses, including the salaries of management personnel who are not directly related to the Building and primarily engaged in the operation, maintenance, and repair of the Building, except to the extent that those costs and expenses are included in the management fees; (v) Advertising, promotional expenditures and leasing expenses primarily directed toward leasing space in the Building; (vi) Leasing commissions, space-planning costs, attorney fees and costs, disbursements, and other expenses incurred in connection with leasing, other negotiations, or disputes with tenants, occupants, prospective tenants, or other prospective occupants of the Building, or associated with the enforcement of any leases; (vii) Charitable or political contributions; (viii) Costs for which Landlord is reimbursed; (ix) Fees paid to any affiliate or party related to Landlord to the extent such fees exceed the charges for comparable services rendered by unaffiliated third parties of comparable skill, stature and reputation in the same market; and (x) Any management fee payable to Landlord or any third parties in excess of five percent (5%) of the Operating Expenses. As to the costs of capital improvements, replacements, repairs, equipment and other capital costs, all such costs shall be included in Operating Expenses but shall be amortized over the reasonable useful life of such improvement, replacement, repair or equipment in accordance with generally accepted accounting principles together with interest at the prime rate on the unamortized balance.

  • Allowance for Loan Losses The Company's allowance for loan losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.

  • Insurance Costs (08/19) Contractor shall be financially responsible for all premiums, deductibles, self-insured retentions, and self-insurance.

  • Cost Recovery Fee You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying the cost recovery fee (“Cost Recovery Fee”) set forth in the Contract Summary, which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.