Breach Costs definition

Breach Costs means the following reasonable and necessary expenses incurred by the Named Insured Member with respect to a Cyber Event and with the prior written consent of the Insurer; provided that if services are recommended by the Cyber Response Team shown in Item 11. of the Certificate of Coverage, and the Named Insured Member agrees to utilize the applicable vendors nominated by the Cyber Response Team, then prior consent of the Insurer shall not be required:
Sample 1
Breach Costs means Notification Expenses, Monitoring Expenses and Investigation Expenses.
Sample 1
Breach Costs means the following reasonable and necessary expenses incurred by the Insured Member with respect to a Cyber Event with the prior written consent of the Insurer and by vendors from the Insurer’s panel vendors or by vendors otherwise approved by the Insurer:
Sample 1

Examples of Breach Costs in a sentence

  • If so, the Contractor is liable to VA for liquidated damages in the event of a data breach involving any VA sensitive personal information the Contractor/Subcontractor processes or maintains under the contract as set forth in clause 852.211-76, Liquidated Damages - Reimbursement for Data Breach Costs.

  • Figure 24: Admin main pageFigure (24) shows admin main page, it shows some statistics like users counter, number of requested policies, number of issued polices and the total income of the payments.

  • Council has committed to the Eco-buy program which is a program that commits Council to green purchasing.

  • However, the Insurer shall, at its sole and absolute discretion and in good faith, reimburse the Insured only for such Privacy Breach Costs that the Insurer deems to be reasonable and necessary.

  • Ponemon: Data Breach Costs Now Average $154 per Record." Ponemon: Data Breach Costs Now Average $154 per Record.

  • Affirm shall be responsible for all Security Breach Costs associated with its Security Breach.

  • The self-insured retention amounts shall be paid by the Insured as a condition precedent to the payment of any Claim Expenses, Damages, Privacy Breach Costs, Digital Asset Replacement Expenses, Extortion Expenses, Extortion Payments, Business Income Loss, Contingent Business Income Loss and Extra Expenses hereunder.

  • The self-insured retention amounts stated in Item 4 of the Declarations shall be applicable to all Claim Expenses, Damages, Privacy Breach Costs, Digital Asset Replacement Expenses, Extortion Expenses, and Extortion Payments for each and every Claim, Privacy Event, Security Event, Systems Failure Event, or Cyber Extortion Threat.

  • The Optional Extended Reporting Period shall not be available for purchase for Insuring Agreements I.B., Privacy Breach Costs, I.C. Business Income Loss, I.D. Contingent Business Income Loss, I.E. Digital Asset Loss, and I.F. Cyber Extortion Threat and Reward Payments.

  • MISCELLANEOUS regarding Interpretation, Determination of Breach, Costs Related to Breach, and Subpoenas.


More Definitions of Breach Costs

Breach Costs means any of the following reasonable and necessary costs You incur with Our prior written consent in response to a Breach that triggers Your notification obligations pursuant to any federal, state, local or foreign statute, rule or regulation or that You satisfy Us poses a significant risk of financial, reputational or other harm to affected Data Subjects:
Sample 1
Breach Costs mean all money damages resulting from a willful and material breach of the Agreement or Fraud by Parent or Purchaser which occurs prior to a termination of the Agreement.
Sample 1
Breach Costs means the remediation costs arising solely out of a breach of a representation or warranty of the Seller made herein.
Sample 1

Related to Breach Costs

  • Attorneys’ Fees and Costs means: (i) fees and out of pocket costs of Lender’s and Loan Servicer’s attorneys, as applicable, including costs of Lender’s and Loan Servicer’s in-house counsel, support staff costs, costs of preparing for litigation, computerized research, telephone and facsimile transmission expenses, mileage, deposition costs, postage, duplicating, process service, videotaping and similar costs and expenses; (ii) costs and fees of expert witnesses, including appraisers; (iii) investigatory fees; and (iv) costs for any opinion required by Lender pursuant to the terms of the Loan Documents.

  • Attorneys’ Fees means the full and actual cost of any legal services actually performed in connection with the matter involved calculated on the basis of the usual fee charged by the attorney performing such services and shall not be limited to "reasonable attorneys' fees" as defined in any statute or rule of court.

  • Other Costs Defined in Section 13.9(c).

  • Attorneys’ Fees and Expenses means such funds as may be awarded to Class Counsel by the Court to compensate them (and all other attorneys for Plaintiff or the Settlement Class) for their fees and all expenses incurred by Plaintiff or Class Counsel in connection with the Litigation.

  • Damages means any loss, claim, damage, liability, costs and expenses (including, without limitation, reasonable attorney's fees and disbursements and costs and expenses of expert witnesses and investigation).

  • Labor costs means total compensation of all employees, not to include compensation paid

  • Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • Indemnified Costs has the meaning specified in Section 8.05(a).

  • Defense Costs has the meaning set forth in Section 13.

  • 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.

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • 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.

  • Legal Costs of a person means legal costs incurred by that person in defending an action for a Liability of that person.

  • Breach of Duty means the Director or Officer breached or failed to perform his or her duties to the Corporation and his or her breach of or failure to perform those duties is determined, in accordance with Section 8.04, to constitute misconduct under Section 180.0851 (2) (a) 1, 2, 3 or 4 of the Statute.

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Environmental Damages means all liabilities (including strict liability), losses, damages (excluding consequential, special, exemplary or punitive damages except to the extent such damages were imposed upon an Indemnitee as a result of any claims made against such Indemnitee by a governmental entity or any other third party), judgments, penalties, fines, costs and expenses (including fees, costs and expenses of attorneys, consultants, contractors, experts and laboratories), of any and every kind or character, at law or in equity, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, made, incurred, suffered, brought, or imposed at any time and from time to time, whether before or after the Release Date and arising in whole or in part from:

  • Delay Damages means the damages assessed pursuant to Section 3.2(a) hereof.

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting, and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • prevailing party shall include, without limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case may be, whether by compromise, settlement, judgment, or the abandonment by the other Party or Broker of its claim or defense. The attorneys' fee award shall not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys' fees reasonably incurred. Lessor shall be entitled to attorneys' fees, costs and expenses incurred in preparation and service of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently commenced in connection with such Default or resulting Breach. Broker(s) shall be intended third party beneficiaries of this Paragraph 31.

  • Special Damages has the meaning specified in Section 11.21.

  • Litigation means any lawsuit, action, arbitration, administrative or other proceeding, criminal prosecution or governmental investigation or inquiry.