Extortion Loss definition

Extortion Loss means any:
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Extortion Loss means the following amounts incurred with the Insurer’s prior written consent:
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Extortion Loss means any funds paid to a party or parties that have made an Extortion Threat in order to prevent a System Failure or the unauthorized dissemination of Protected Data from the Insured’s Computer System; except Extortion Loss shall not include any amounts involving or connected with disputed royalties, fees, deposits, commissions or charg- es for content, goods or services.
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Examples of Extortion Loss in a sentence

  • Subject to the Aggregate Policy Level Retention and the Aggregate First Party Coverages Retention, the applicable Crisis Management Expense Retention, Fraud Response Expense Retention, Public Relations Expense, Retention Forensic and Legal Expense Retention and Extortion Loss Retention set forth on the Declarations, if any, is the most the Insured will be required to pay under the policy for such covered expense or Extortion Loss, regardless of the number of Enterprise Security Events or Extortion Threats.

  • Subject to the Aggregate Policy Level Retention, the Aggregate First Party Coverages Retention set forth on the Declarations, if any, is the most the Insured will be required to pay under the policy as Crisis Management Expense, Fraud Response Expense, Public Relations Expense, Forensic and Legal Expense or Extortion Loss, regardless of the number of Enterprise Security Events or Extortion Threats.

  • The Aggregate Policy Level Retention set forth on the Declarations, if any, is the most the Insured will be required to pay under the policy as Damages, Regulatory Loss, Claim Expenses, Crisis Management Expense, Fraud Response Expense, Public Relations Expense, Forensic and Legal Expense or Extortion Loss, regardless of the number of Claims, Enterprise Security Events or Extortion Threats.

  • Subject to the Policy Limit of Insurance and to the Aggregate First Party Coverages Limit of Insurance, the applicable Crisis Management Expense, Fraud Response Expense, Public Relations Expense, Forensic and Legal Expense and Extortion Loss Limit of Insurance set forth on the Declarations is the most the Insurer will pay for each such covered expense or Extortion Loss.

  • Payments under this supplemental benefit will erode such Limit; however, this amount shall not be subject to the Extortion Loss Retention.

  • The most the Insurer will reimburse for amounts under this supplemental benefit is $25,000 in the Policy Period, regardless of the number of Extortion Threats or informants, subject to availability of the Extortion Loss Limit of Insurance.

  • The Named Insured must obtain the Underwriters’ consent prior to incurring Cyber Extortion Loss.

  • The Insured shall use its best efforts at all times to ensure that knowledge regarding the existence of the Cyber Extortion Loss Coverage afforded by this Policy is restricted as far as possible.

  • Cyber Extortion Loss that the Insured Organisation incurs as a result of an Extortion Threat first made against the Insured Organisation during the Policy Period.

  • With respect to Cyber Extortion Loss, the Named Insured must notify the Underwriters via the email address listed in the Notice of Claim, Loss or Circumstance in the Declarations as soon as practicable after discovery of an Extortion Threat but no later than 60 days after the end of the Policy Period.


More Definitions of Extortion Loss

Extortion Loss means the following reasonable and necessary expenses incurred by the Insured solely and directly as a result of an Extortion which is covered under this Endorsement:
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Related to Extortion Loss

  • Waste load allocation means (i) the water quality-based annual mass load of total nitrogen or

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Excess Contribution With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).