Dishonest Act definition

Dishonest Act means fraud, misrepresentation or theft.

Dishonest Act means any act which would reasonably be considered to be dishonest. “Disqualifying Condition” means those criteria listed at (i) to (xii) in the Declaration. “Effective Date” means 1 August 2013.

Dishonest Act means any act which would reasonably be considered to be dishonest. “Disqualifying Condition” means all or any of those criteria listed in The Declaration. “Effective Date” means 1 August 2013.

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.

More Definitions of Dishonest Act

Dishonest Act means any dishonest, fraudulent or malicious act committed by an Employee alone or in collusion with others. However, with respect to Loans and Trading, Dishonest Act means only a dishonest or fraudulent act committed by an employee with the intention of obtaining improper financial gain for the employee who committed such act.

Dishonest Act means an act by an Attorney acting in his capacity as an attorney in the context of a lawyer‐client relationship, in the nature of defalcation or embezzlement of money, or the wrongful taking or conversion of money or other tangible property.

Dishonest Act means, in respect of an Obligor, the making of any statement, warranty, representation, or the provision of information by that Obligor in relation to a Facility or Document that is or becomes untrue, inaccurate, or misleading in any material respect;

Dishonest Act means the unlawful taking of "your property" or your "clients’ property" by an "employee" by theft, "robbery", "burglary", embezzlement, larceny, extortion, misappropriation, wrongful abstraction, wrongful conversion or willful misapplication, with the intent of depriving you or your "client" of such property.