Examples of Dishonest Act in a sentence
Indemnify the Company for all Direct Financial Loss first discovered during the Period of Insurance resulting directly from any Dishonest Act or Crime.
Discovery and Discovered means the time at which any Management Personnel (excluding a person whose Dishonest Acts have resulted in Loss) first becomes aware of facts which would cause a reasonable person to believe that a Loss had or was likely to have been sustained as a result of a Dishonest Act or a Criminal Act whether or not the amount of such Loss or the means by which the Loss was or may have been caused are known.
Dishonest Act means any act of dishonesty including but not limited to Theft, criminal damage, Forgery, counterfeiting, fraudulent creation, Fraudulent Alteration, Electronic Fraud and Incoming Cheque Forgery.
Collusionmeans all circumstances in which two or more Employees are concerned or implicated together, or materially assist each other, in committing an Employee Dishonest Act.
Any part of such Loss that was caused by a Dishonest Act or a Criminal Act committed after the date of sale, disposal or liquidation is not covered by this Extension.
Dishonest Act also includes the fraudulent use of any credit, debit or charge card issued to the Insured or any Employee for business purposes.
Lumley shall indemnify the Insured for any Loss first Discovered during the Period of Insurance and which results from a Dishonest Act of an Employee acting alone or in collusion with others committed with the intention of causing the Insured to sustain that Loss.
Fraudulent or Dishonest Act shall be defined as having the meaning set forth in Title 29, Code of Federal Regulations, Section 2580.412-9, as amended.
Immediately following the discovery by The Insured of an Employee Dishonest Act, the liability of The Insurer to indemnify The Insured in respect of any further such acts by the same Employee shall cease.
This Bond will automatically terminate immediately upon any of the following events: (a) the Obligee’s discovery of a Fraudulent or Dishonest Act; (b) the Principal leaving the employ of the Obligee; (c) the Obligee retiring from business; or (d) the taking over of the Obligee by a receiver, other liquidator or another organization.