Derivative Demand Investigation Costs definition

Derivative Demand Investigation Costs means the reasonable costs, charges, fees and expenses consented to by the Insurer and incurred by the Company or by its board of directors (or an equivalent managing body or equivalent foreign body) or any committee thereof in connection with the investigation or evaluation of a Shareholder Derivative Demand. “Derivative Demand Investigation Costs” shall not include any wages, salary, fees or other compensation of any employee of the Company or of any Insured Person.
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Derivative Demand Investigation Costs means reasonable and necessary costs, fees and expenses (other than regular or overtime wages, salaries, fees, or benefits of the directors, officers or employees of the Company or the Company’s overhead expenses) incurred by the Company (including its Board of Directors or any committee of its Board of Directors) solely with respect to an evaluation required to determine whether it is in the best interest of the Company to prosecute the claims alleged in a Derivative Demand and prior to any Claim first made in connection with such Derivative Demand. In no event shall Derivative Demand Investigation Costs include any costs, fees or expenses incurred in a Claim.
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Derivative Demand Investigation Costs means reasonable fees, costs and expenses incurred solely by an Entity, including its board of directors or board of managers (or equivalent management body), or any committee thereof, in its investigation and evaluation of a Derivative Demand. Derivative Demand Investigation Costs will not include compensation (including overtime compensation), remuneration, overhead, operating expenses, benefits or benefit expenses associated with any Insureds.
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Examples of Derivative Demand Investigation Costs in a sentence

  • The maximum liability of the Insurer for all Derivative Demand Investigation Costs shall be the amount shown on the Declarations.

  • The Insurer shall pay on behalf of the Company all Security Holder Derivative Demand Investigation Costs as a result of any Security Holder Derivative Demand first made during the Policy Period and reported to the Insurer as required by this Policy.

  • The Insurer shall pay on behalf of the Insured Entity all Security Holder Derivative Demand Investigation Costs as a result of any Security Holder Derivative Demand first made during the Policy Period and reported to the Insurer as required by this Policy.

  • The Retention specified in Item 5 of the Declarations shall apply to Loss resulting from each Claim, except that no Retention shall apply to Loss under Insuring Agreement I.A, Coverage Extension II.B(1) or to Company Coverage for Derivative Demand Investigation Costs under Coverage Extensions II.A.

  • The maximum liability of the Insurer for all Derivative Demand Investigation Costs combined under Coverage Extension II.A shall be the amount stated in Item 4.B. of the Declarations.


More Definitions of Derivative Demand Investigation Costs

Derivative Demand Investigation Costs means reasonable fees, costs and expenses incurred solely by the Insured Entity (including its board of directors or any committee of its board of directors) in connection with its investigation or evaluation on behalf of the Insured Entity of: a. a Derivative Demand; or b. a lawsuit by one or more members of the Insured Entity, or by an Attorney General, or other representative party brought derivatively on behalf of the Insured Entity against any Insured Person for a Wrongful Act without first making a demand as described in the definition of Derivative Demand, but it shall not include any salaries, wages, overhead, benefits or benefit expenses associated with any
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Related to Derivative Demand Investigation Costs

  • 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.

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Litigation Expense means any court filing fee, court cost, arbitration fee, and each other fee and cost of investigating or defending an indemnified claim or asserting any claim for indemnification or defense under this Agreement, including Attorney’s Fees, other professionals’ fees, and disbursements. “Attorney’s Fees” include a charge for the service of in-house counsel at the market rate for independent counsel of similar experience.

  • Background investigation means the investigation conducted by a licensee or applicant to support the determination of trustworthiness and reliability.

  • 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.