Losses incurred Sample Clauses

Losses incurred. By submitting an investment application or instruction, you accept the risks associated with email or fax communication and understand that the we shall not be liable for all and any losses that you may incur in the event that the we have not received your communication, whether due to the failure, malfunction or delay of any networks or electronic or mechanical device or otherwise. We will not be liable to make good or compensate you or any third party for any damages, losses, claims or expenses resulting from undelivered communication. Other losses that we will not be responsible for are as follows: • Any changes in tax or other legislation. • The investment or market risk of the underlying investments. • Financial Advisors acting beyond the scope of their FSCA license. • If your Financial Advisor does not comply with the Financial Intelligence Centre Act (FICA). • A rejection of an application or a delay in processing as a result of a Financial Advisor not being an authorised Financial Services Provider or not having a contract with us. • If an unauthorised instruction is received from your appointed Financial Advisor. • Providing your Financial Advisor with details about your investment whether via telephone, fax, email or via the dedicated web front end secured investment portal. • Acting on information that is outdated or incorrect where you have failed to notify us of any changes to your information. • We do not accept responsibility for delays in processing instructions as a result of extraordinary events that cause disruptions. We will carry out instructions at the earliest possible opportunity subject to legislation and our administration procedures and CIS Portfolio limitations. • The delayed sale of some or all of your investment due to ring-fencing. ‘Ring-fencing’ is the separation and delayed sale of units in a CIS Portfolio. It is caused by the large sale of units above a certain threshold in a CIS Portfolio. Ring-fencing makes sure that the sale of a large number of units will not force the Manager to sell the underlying assets at a price which could negatively affect investors in the CIS Portfolio. We may delay the payment or reinvestment of the proceeds of the sale of units. • We are duly authorised to accept instructions by facsimile or email and you accordingly waive any claim you may have against us and indemnify us against any loss incurred as a result of our receiving and/or acting upon such communication. • We will not be held respo...
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Losses incurred for the Agreement Year shall mean the loss and loss expense paid by the reinsurer (less salvages and recoveries received) on loss occurring during the Agreement Year, plus loss and loss expense reserves outstanding on losses occurring during the Agreement Year and an IBNR factor of 6.5% for the first adjustment period.
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Losses incurred. Losses Paid on the Business during a specified time period, plus any increase or minus any decrease in the Loss Reserve during such period.
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Losses incurred d. Net Amount due the Company/The Guardian. The balance due either The Guardian or the Company shall be payable promptly within 15 days of the final quarterly report due date. Following each calendar year, the Company shall submit to The Guardian the following:
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Losses incurred. FOR PAID LEAVES AND NON-DEDUCTIBLE PROVISIONS ORDINARY LOSSES AND DEPRECIATION & AMORTIZATION DEEMED DEFERRED DEPRECIATION & AMORTIZATION DEEMED DEFERRED
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Losses incurred 
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Related to Losses incurred

  • Indemnified Person If an Indemnified Person is entitled to indemnification under this Section 14 as a result of a claim by a third party, and the indemnifying Interconnection Party fails, after notice and reasonable opportunity to proceed under Section 14.2 of this Appendix 2, to assume the defense of such claim, such Indemnified Person may at the expense of the indemnifying Interconnection Party contest, settle or consent to the entry of any judgment with respect to, or pay in full, such claim.

  • Costs and Expenses; Indemnification Agent may incur and pay Lender Group Expenses to the extent Agent reasonably deems necessary or appropriate for the performance and fulfillment of its functions, powers, and obligations pursuant to the Loan Documents, including court costs, attorneys fees and expenses, fees and expenses of financial accountants, advisors, consultants, and appraisers, costs of collection by outside collection agencies, auctioneer fees and expenses, and costs of security guards or insurance premiums paid to maintain the Collateral, whether or not Borrower is obligated to reimburse Agent or Lenders for such expenses pursuant to this Agreement or otherwise. Agent is authorized and directed to deduct and retain sufficient amounts from the Collections of Borrower and its Subsidiaries received by Agent to reimburse Agent for such out-of-pocket costs and expenses prior to the distribution of any amounts to Lenders (or Bank Product Providers). In the event Agent is not reimbursed for such costs and expenses by Borrower or its Subsidiaries, each Lender hereby agrees that it is and shall be obligated to pay to Agent such Lender’s ratable thereof. Whether or not the transactions contemplated hereby are consummated, each of the Lenders, on a ratable basis, shall indemnify and defend the Agent-Related Persons (to the extent not reimbursed by or on behalf of Borrower and without limiting the obligation of Borrower to do so) from and against any and all Indemnified Liabilities; provided, however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting solely from such Person’s gross negligence or willful misconduct nor shall any Lender be liable for the obligations of any Defaulting Lender in failing to make an Advance or other extension of credit hereunder. Without limitation of the foregoing, each Lender shall reimburse Agent upon demand for such Lender’s ratable share of any costs or out of pocket expenses (including attorneys, accountants, advisors, and consultants fees and expenses) incurred by Agent in connection with the preparation, execution, delivery, administration, modification, amendment, or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement or any other Loan Document to the extent that Agent is not reimbursed for such expenses by or on behalf of Borrower. The undertaking in this Section shall survive the payment of all Obligations hereunder and the resignation or replacement of Agent.

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