Extortion Payments definition

Extortion Payments means monies paid to a third party whom the “Insured” reasonably believes to be responsible for a “Cyber Extortion Threat”; provided that:
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Examples of Extortion Payments in a sentence

  • In the case of Extortion Payments to a Public Official, said payment must be promptly identified and duly documented.

  • The Retentions, shown in the Schedule of this endorsement, apply to Cyber Management Expenses, Damages, Credit Monitoring Costs, Claim Expenses, Extortion Payments, Business Income and Extra Expenses or First Party Loss incurred in each Network Security Breach, Privacy Violation, Interrelated Breaches/Violations, Extortion Demand, Exploit or Network Impairment.

  • The Underwriter will pay Extortion Payments and Rewards incurred by or on behalf of the Insured because of an Extortion that is first discovered by a member of the Control Group during the Policy Period; provided, that such Extortion is reported to the Underwriter in accordance with Section VI of this Coverage Section.

  • The self-insured retention amounts shall be paid by the Insured as a condition precedent to the payment of any Claim Expenses, Damages, Privacy Breach Costs, Digital Asset Replacement Expenses, Extortion Expenses, Extortion Payments, Business Income Loss, Contingent Business Income Loss and Extra Expenses hereunder.

  • The limits of liability shown in the Declarations and subject to the provisions of this Policy is the amount the Insurer will pay for Damages, Claim Expenses, Privacy Event Expenses, Extortion Payments, Privacy Regulation Investigation Expenses and First Party Loss regardless of the number of Insureds, Claims made, Privacy Events, Extortion Demands, Privacy Regulation Investigations, persons or entities making Claims.

  • The self-insured retention amounts stated in Item 4 of the Declarations shall be applicable to all Claim Expenses, Damages, Privacy Breach Costs, Digital Asset Replacement Expenses, Extortion Expenses, and Extortion Payments for each and every Claim, Privacy Event, Security Event, Systems Failure Event, or Cyber Extortion Threat.

  • Typically, commercial banks set up a “capital pool” which consists of bonds, trust products, loan-like claims, and interbank loans.

  • Extortion Payments and Privacy Regulation Investigation Expenses is the limit of liability for all covered Privacy Event Expenses, Extortion Payments and Privacy Regulation Investigation Expenses, as applicable.

  • Not only would this promote consistency with other regulatory frameworks, but it would also remove ambiguities introduced elsewhere in the Proposed Amendments by the use of the term “cybersecurity event.” Extortion Payments: The Proposed Amendments require Covered Entities to notify NYDFS within 24 hours of an extortion payment being made and within 30 days to provide a more detailed description of the reasons such a payment was necessary.

  • Guatemalan MSMEs sent the most in extortion payments, followed by El Salvador and then Honduras, and respective GDPs generally follow the same order over time.Table 2: Estimated MSME Extortion Payments (in USD)37 YEAR 35 Abrego and Barrios 2021.

Related to Extortion Payments

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Termination Payments has the meaning specified in Section 10(a).

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Aggregate Payments means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

  • Delta Payment means as it is described in this Agreement.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Payments refers to anything of value, including cash, gifts, travel expenses, entertainment, offers of employment, provision of free services, and business meals. It may also include event sponsorships, consultant contracts, fellowship support, job offers, and charitable contributions made at the request of, or for the benefit of, an individual, his or her family, or other relations, even if made to a legitimate charity.