Defense Costs has the meaning set forth in Section 13.
Defense Costs means reasonable and necessary legal fees and expenses to which Underwriters consent in advance and which are incurred by or on behalf of the Insureds in defending, settling, appealing or investigating any Claim and the cost of appeal, supersedeas, injunction, attachment or similar bonds (provided, however, Underwriters shall have no obligation to apply for or furnish any bond for appeal, supersedeas, injunction, attachment or any similar purpose), but shall not include salaries, regular or overtime wages, fees or benefit expenses associated with Employees or the Insured Organization’s overhead expenses.
Defense Costs means reasonable and necessary fees (including attorneys' fees and experts' fees) and expenses incurred in the defense of a Claim and cost of attachment or similar bonds, but shall not include the wages, salaries, benefits or expenses of any directors, officers or employees of the Insured Organization.
Examples of Defense Costs in a sentence
If Executive is held liable, then Executive agrees to reimburse the Company for all Defense Costs the Company paid to Executive or on Executive’s behalf.
The contractor agrees to investigate, handle, respond to and provide defense for and defend against any such liability, claims, and demands at the sole expense of the Contractor or at the option of the University, agrees to pay to or reimburse the University for the Defense Costs incurred by the University in connection with any such liability claims, or demands.
The Company shall not be liable for any settlement, Defense Costs, assumed obligation or admission to which it has not consented.
If the policy does not have an endorsement providing that the General Aggregate Limit applies separately to this Contract or if Defense Costs are included in the aggregate limits, then the required aggregate limits shall be $2,000,000.
Defense Costs are part of Loss and as such are subject to the Limit of Liability for Loss.
More Definitions of Defense Costs
Defense Costs means reasonable and necessary legal fees and expenses incurred by the Company, or by any attorney designated by the Company to defend any Insured, resulting from the investigation, adjustment, defense and appeal of a Claim. Defense Costs includes other fees, costs, costs of attachment or similar bonds (without any obligation on the part of the Company to apply for or furnish such bonds), but does not include salaries, wages, overhead or benefits expenses of any Insured.
Defense Costs means reasonable costs, charges, fees (including but not limited to attorneys' fees and experts' fees) and expenses (other than regular or overtime wages unless described below, or salaries or wages of the employees of the Insured) incurred in defending or investigating Claims against an Insured, including the premium for appeal, attachment or similar bonds. Defense Costs shall also include:
Defense Costs means all fees and expenses incurred by any Covered Party, caused by and relating to the adjustment, investigation, defense, or litigation of a Claim to which this coverage applies, including attorney's fees, court costs, interest on judgments accruing after entry of judgment, and the time and travel expenses of the Litigation Manager for attendance at trials, mediations, arbitrations and settlement conferences. Defense Costs shall not include attorney fees or costs awarded to a prevailing plaintiff against the Covered Party. Defense Costs shall not include the office expenses, salaries of Employees, or expenses of the Covered Party or the Authority. Defense Costs shall not include investigation costs incurred by investigators or adjusting expenses that were not approved by ERMA prior to the costs being incurred. Defense Costs are included within, and are not in addition to, the applicable Limit of Coverage. Defense Costs shall not include any fee or expense relating to coverage issues or disputes between the Authority and any Covered Party.
Defense Costs means all reasonable and necessary fees charged by attorneys designated by the Insurer, or by the Named Entity Insureds with the Insurer’s written consent. Defense Costs also include all other reasonable and necessary fees, costs and expenses resulting from the investigation, adjustment, defense and appeal of a Liability Claim if incurred by the Insurer, or by the Named Entity Insureds with the written consent of the Insurer, including the costs of appeal, attachment or similar bonds. However, the Insurer has no obligation to provide such bonds. Defense Costs shall not include salaries, wages, fees, overhead or benefit expenses associated with the directors, officers, employees, trustees, committee members, or volunteers of Named Entity, any Subsidiary, or Property Manager.
Defense Costs means that part of Loss consisting of:
Defense Costs means:
(1) reasonable and necessary fees, costs, charges or expenses resulting from the investigation, defense or appeal of a Claim;
(2) premium for an appeal, attachment or similar bond, but without any obligation to apply for and obtain such bond, in connection with a Claim; or
(3) any fees, costs, charges or expenses incurred by the Insured at the specific written request of the Insurer to assist the Insurer in the investigation, defense or appeal of a Claim.
Defense Costs means reasonable and necessary expenses consented to by us resulting solely from the investigation, defense and appeal of any “claim” or “regulatory proceeding” against you. Such expenses may include premiums for any appeal bond, attachment bond or similar bond. However, we have no obligation to apply for or furnish such bond.