Fidelity Loss definition

Fidelity Loss means financial loss sustained by the Named Insured caused by the loss of:
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Fidelity Loss means direct financial or physical loss of Money, Securities and Covered Property belonging to, leased by or in the care, custody or control of the Association, sustained by the Association caused by any dishonest or fraudulent act committed by an Insured Person (whether acting alone or in collusion with any other person). Fidelity Loss does not mean:
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Fidelity Loss means the ‘actual market value’ for the direct financial loss of an Insured Property caused by an Employee’s or Director’s fraud or dishonesty in the ordinary course of Your Business.
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Examples of Fidelity Loss in a sentence

  • We will be under no obligation to provide Cover until We are satisfied that such Fidelity Loss has in fact been sustained.

  • The Policyholder shall bear the costs and expenses of establishing the fact, nature and extent of the Fidelity Loss.

  • There is no Cover until We are satisfied that such Fidelity Loss has in fact been sustained.

  • ThePolicyholder shall bear the costs and expenses of establishing the nature and extent of the Fidelity Loss.

  • The amount of the Excess for ‘Fidelity Cover’ is specified in the Schedule when We provideCover for a Fidelity Loss which We Cover under Section 3.14 of this Policy.

  • The Insured shall bear the costs and expenses of establishing the nature and extent of the Fidelity Loss.

  • Territory Fidelity Loss arising directly or indirectly from or in respect of any dishonest or fraudulent act committed in whole or part outside of Australia or New Zealand.

  • Within 6 months after Discovery of any such Fidelity Loss, the Insured shall furnish RSA, at the address set out above, sworn proof of loss with full particulars including all relevant information in their possession in relation to the Fidelity Loss and such further information as may be required by RSA.

  • The Policyholder shall act on behalf of all Companies with respect to the giving and receiving of notice for Fidelity Loss, the payment of premiums and the receiving of any return premiums that may become due under this Policy, the negotiation, agreement to and acceptance of endorsements, and the giving or receiving of any notice provided for in this Fidelity Policy Section, and the Companies agree that the Policyholder shall so act on their behalf.

  • You shall bear the costs and expenses of establishing the nature and extent of the Fidelity Loss.


More Definitions of Fidelity Loss

Fidelity Loss means direct financial loss caused by the loss of, unauthorised use of or dealing with Money, Securities or Property on the premises of the Insured Organisation and:
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Fidelity Loss means direct loss of Property belonging to the Company or for which the Company is legally responsible when such loss is caused by an Act of Fraud committed on the premises of the Company where:
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Fidelity Loss means the direct financial loss of money, negotiable instruments, bearer bonds or coupons, stamps, bank or currency notes belonging to You or which are in Your care, custody or control and You are legally liable for. ‘Fidelity Loss’ does not include wages, salaries or other remuneration benefits paid or payable to any Insured.
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Related to Fidelity Loss

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • Economic loss means any of the following types of pecuniary harm:

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Covered Losses means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Loss means any and all damages, fines, fees, penalties, deficiencies, losses and expenses (including without limitation interest, court costs, fees of attorneys, accountants and other experts or other expenses of litigation or other proceedings or of any claim, default or assessment).

  • Casualty Loss has the meaning set forth in Section 5.06.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Damage means actual and/or physical damage to tangible property;

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • Fraud Loss Any Realized Loss or portion thereof sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including by reason of the denial of coverage under any related Primary Insurance Policy.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the greater of (i) the amount of the principal reduction ordered by such court and (ii) the difference between the Principal Balance of such Receivable at the time of such court order and the net present value (using a discount rate which is the higher of the Contract Rate of such Receivable or the rate of interest specified by such court order) of the remaining scheduled payments to be paid on such Receivable as modified or restructured. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

  • Losses shall have the meaning set forth in Section 5(a).

  • Net Investment Loss With respect to the Certificate Account, the Servicing Accounts or the REO Account or Companion Distribution Account for any period from any Distribution Date to the immediately succeeding P&I Advance Date, the amount by which the aggregate of all losses, if any, incurred during such period in connection with the investment of funds relating to the Trust Fund held in such account in accordance with Section 3.06, exceeds the aggregate of all interest and other income realized during such period on such funds.

  • Servicer Indemnified Party As defined in Section 8.05(c) of this Agreement.

  • Principal Loss Amount With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Credit Event Reference Obligations for the related Reporting Period; (b) the aggregate amount of court-approved principal reductions (“cramdowns”) on the Reference Obligations in the related Reporting Period; (c) subsequent losses on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; and (d) amounts included in the second, fourth, seventh, eighth and tenth priorities set forth in Section 3.03(f) hereof.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Purchaser Indemnified Persons has the meaning specified in Section 11.01(a).

  • Residual Loss means any item of gain or loss, as the case may be, of the Partnership recognized for federal income tax purposes resulting from a sale, exchange or other disposition of a Contributed Property or Adjusted Property, to the extent such item of gain or loss is not allocated pursuant to Section 6.2(b)(i)(A) or 6.2(b)(ii)(A), respectively, to eliminate Book-Tax Disparities.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.