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 costs, fees and expenses reasonably and necessarily incurred with the Company’s prior consent in the investigation, defence or settlement of any claim made against the Insured and the costs of representation at any investigation, inquiry or other proceedings in respect of matters which have a direct relevance to any claim made or which might be made against the Insured, provided such claim or claims are the subject of indemnity by the Policy, whether liability ultimately attaches to the Policy or not. Defense Costs shall not include either the Company’s or the Insured’s general overhead, the salary and employee benefits of any of the Company’s or the Insured’s employees, nor the fees of any attorney who is the Company’s or the Insured’s employee or under the Company’s or the Insured’s permanent retainer. Defense Costs will be included in the deductible.
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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 Insurer will not make any payment, including any Defence Cost payment, toward any portion of any Claim unless the Policyholder pays the applicable Retention.

  • 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.

  • 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 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.

  • 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 Schedule.

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


More Definitions of Defence Cost

Defence Cost means reasonable and necessary costs, charges, fees (including but not limited to attorneys' fees, legal fees, and experts' fees) and expenses (other than regular or overtime wages, salaries, fees, bonuses or stock options, or any other form of compensation of the Insured Persons or the directors, officers or employees of the Insured) incurred by or on behalf of the Insured in defending or investigating Claims under this Policy, as well as the premium for any appeal, attachment or similar bonds, provided that we shall have no obligation to apply for or furnish such bonds. Defence Costs do not include any Loss or First Party Cost.
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Defence Cost means all costs and expenses incurred with the prior written and continuing consent of Raheja QBE (such consent not to be unreasonably withheld or unreasonably delayed or unreasonably withdrawn) in the investigation, defence, monitoring or settlement of any claim and/or circumstance(s) subject to any applicable sub-limit of indemnity/liability or limit of indemnity/liability.
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Related to Defence Cost

  • Defence Costs means the fees and expenses incurred by the Insured with Our prior written consent in defending, settling or investigating a claim covered by the Policy.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Target cost, as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Administrative cost means a fee imposed to cover:

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Eligible cost means as applied to a qualified project to be financed from the federal accounts, the costs that are permitted under applicable federal laws, requirements, procedures, and guidelines in regard to establishing, operating, and providing assistance from the bank. As applied to a qualified project to be financed from the state highway account, these costs include the costs of preliminary engineering, traffic and revenue studies, environmental studies, right‑of‑way acquisition, legal and financial services associated with the development of the qualified project, construction, construction management, facilities, and other costs necessary for the qualified project. As applied to any qualified project to be financed from the state transit account, eligible project costs are limited to capital expenditures for transit equipment and facilities.

  • 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;

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.