Defence Cost definition

Defence Cost means all “reasonable and necessary” costs, charges, fees and expenses, including legal representation costs (other than salaries, commissions, expenses or other benefits of Insured(s) which are
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Defence Cost means all “reasonable and necessary” costs, charges, fees and expenses, including legal representation costs (other than salaries, commissions, expenses or other benefits of Insured Persons) which are incurred with “our” prior written consent by an Insured Person:
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Examples of Defence Cost in a sentence

  • The Insurance must not exclude or limit the liability of the Insurer on any basis whatsoever save where and to the extent that any Claim or related Defence Cost is proved to have arisen from one (1) or a number of the matters set out in this clause 6.

  • Payments made by the Company by way of the Defence Cost and Supplementary Payments under this insurance contract will reduce the Limit of Indemnity.

  • Such costs, fees and expenses are called `Defence Cost' and it shall serve to reduce the Limit of Indemnity of this Policy as stated in the Policy Schedule.

  • The Company shall not be liable for any settlement, Defence Cost, assumed obligation or admission to which it has not consented.

  • Any allocation or advancement of Defence Cost on account of a Claim shall not apply to or create any presumption with respect to the allocation of other Loss on account of such Claim.

  • If the Insured and the Company agree on an allocation of Defence Cost the Company shall advance on a current basis Defence Cost allocated to covered Loss.

  • Any negotiated, arbitrated or judicially determined allocation of Defence Cost on account of a Claim shall be applied retroactively to all Defence Cost on account of such Claim, notwithstanding any prior advancement to the contrary.

  • Such costs, fees and expenses are called `Defence Cost' and it shall serve to reduce the Limit of Liability of this Policy as stated in the Policy Schedule.

  • Payments made by the Company by way of the Defence Cost under this insurance contract will reduce the Limit of Indemnity.

  • However, each Insured shall repay to Company all payments all payments of Defence Cost incurred on that Insured’s behalf if and to the extent it is established that such Defense Cost are not insured under the Policy.