Data restoration costs definition

Data restoration costs means the costs of an outside professional firm hired by you to replace electronic data that has been lost or corrupted. In order to be considered “data restoration costs”, such replacement must be from one or more electronic sources with the same or similar functionality to the data that has been lost or corrupted.
Sample 1Sample 2Sample 3
Data restoration costs means reasonable fees, costs and expenses for the restoration and/or replacement of data and/or programs that have been lost, erased corrupted or encrypted by a Cyber Event or Data Liability Event and costs to prevent or minimise any further damage and preserve material evidence of civil, criminal or malicious wrongdoings. These costs include the cost of purchasing replacement licenses for programs where necessary.
Sample 1Sample 2Sample 3
Data restoration costs means the reasonable amounts incurred or paid by an Insured Entity, with the Insurer’s prior written consent:
Sample 1Sample 2

Examples of Data restoration costs in a sentence

  • Cybersecurity Risk Controls Solely with respect to Extortion Loss, Data Restoration Costs, and Business Interruption Loss under the Business Interruption Insuring Agreement, the Insured must continually use Cybersecurity Risk Controls on Eligible Computers.


More Definitions of Data restoration costs

Data restoration costs means the costs of an outside professional firm hired by you to replace electronic data that has been lost or corrupted. In order to be considered “data restoration costs”, such
Sample 1Sample 2
Data restoration costs. Means the reasonable fees, costs, and expenses incurred by you to restore access to, or for the recovery, restoration, input, configuration and/or replacement of your data assets that have been corrupted, erased, encrypted, damaged or destroyed. Data restoration costs do not include:
Sample 1
Data restoration costs means the costs of an outside professional firm hired by you to replace
Sample 1
Data restoration costs means the reasonable and necessary expenses incurred by the Named Insured, with the Company’s prior written consent, to restore any Data Assets to their previous condition following a covered Data Assets Breach, including Crisis Management Costs, costs of a third party forensic investigator to determine the scope of the Security System’s failure; fees of a law firm solely to determine the Named Insured’s indemnification rights under a written contract with any independent contractor or third party vendor that may be legally responsible for the Data Assets Breach; and costs to restore electronically formatted Data Assets maintained by or on behalf of the Named Insured from written records or from backups where such Data Assets were harmed or corrupted in a covered Data Assets Breach. If the Named Insured determines that Data Assets cannot be restored, reconstructed or replaced, Data Restoration Costs shall be limited to the reasonable and necessary expenses incurred to reach that determination.Data Restoration Costs shall not include any non-electronically-formatted Security System’s restoration costs; the costs to restore, update, replace or improve Data Assets or electronically-formatted Security Systems to any greater level than that which existed prior to the Data Assets Breach; the economic or market value of any Data Asset, including trade secrets; salaries, wages, fees, compensation, overhead or benefit expenses accruing to any Insured; and any Claim, Claim Expenses or any third party Damages.
Sample 1
Data restoration costs. We mean: The reasonable and necessary costs incurred by Your Business, to regain, replace, or restore Data originally stored in the Computer System and damaged, lost or corrupted in a Cyber Emergency. However, if Data cannot reasonably be regained, replaced, or restored, then Data Restoration Costs will be limited to the reasonable and necessary costs incurred by Your Business to reach this determination. Cover is limited to the sublimit as per the Policy Schedule.
Sample 1

Related to Data restoration costs

  • 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.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Additional Transportation Cost means the actual cost incurred for one-way Economy Transportation by Common Carrier reduced by the value of an unused travel ticket.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Exploration Costs means costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects that may contain oil and gas reserves, including costs of drilling exploratory wells and exploratory type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property and after acquiring the property. Exploration costs, which include applicable operating costs of support equipment and facilities and other costs of exploration activities, are:

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Basic generation service transition costs means the amount by

  • FOR Destination costs means the cost of equipment and material at the consignee’s stores. The cost is exclusive of Excise duty, Sales Tax and other Local Taxes, but is inclusive of packing, forwarding and insurance and freight charges.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • 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.

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.