INSURER DEFENSE COSTS definition

INSURER DEFENSE COSTS means, all costs and expenses of the Insurer (including costs and expenses of the Trust Agent, the Indenture Trustee or the Owner Trustee that the Insurer may have paid) in connection with any action, proceeding or investigation that could adversely affect the Trust or the Trust Estate or the rights or obligations of the Insurer under any of the Indemnification Agreement (as defined in the Insurance Agreement), the Basic Documents or any other document delivered with respect thereto, including (without limitation) any judgment or settlement entered into affecting the Insurer or the Insurer's interests, together with interest thereon at a rate equal to the Base Rate (as defined in the Insurance Agreement) from time to time in effect plus 1% from the date such expenses are incurred up to but not including the date such expenses are paid.
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INSURER DEFENSE COSTS. All costs and expenses of the Certificate Insurer (including out of pocket costs and expenses of the Trustee or the Depositor that the Certificate Insurer may have paid) in connection with any action, proceeding or investigation that could adversely affect the Trust or the rights or obligations of the Certificate Insurer under any of the Insurance and Reimbursement Agreement, this Agreement, the Unaffiliated Seller Agreement or any other document delivered with respect thereto, including (without limitation) any judgment or settlement entered into affecting the Certificate Insurer or the Certificate Insurer's interests, together with interest thereon at a rate equal to the Late Payment Rate from the date such expenses are incurred up to but not including the date the Certificate Insurer is reimbursed for such expenses in full.
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INSURER DEFENSE COSTS means all reasonable costs and expenses of the Insurer (including reasonable costs and expenses of the Owner Trustee paid by the Insurer) incurred in connection with any action, proceeding or investigation that could reasonably be expected to adversely affect the Trust or the Owner Trust Estate or the rights or obligations of the Insurer under any of the Transaction Documents or under the Policy, including any judgment or settlement entered into in connection with any such action, proceeding or investigation; provided, however, that Insurer Defense Costs shall not include costs or expenses incurred as a result of the willful misfeasance, bad faith or negligence of the Insurer.
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More Definitions of INSURER DEFENSE COSTS

INSURER DEFENSE COSTS. All costs and expenses of the Note Insurer (including out of pocket costs and expenses of the Indenture Trustee or the Depositor that the Note Insurer may have paid) in connection with any action, proceeding or investigation that could adversely affect the Trust or the rights or obligations of the Note Insurer under any of the Insurance Agreement, the Indenture, the Sale and Servicing Agreement, the Unaffiliated Seller's Agreement or any other document delivered with respect thereto, including (without limitation) any judgment or settlement entered into affecting the Note Insurer or the Note Insurer's interests, together with interest thereon at a rate equal to the Late Payment Rate from the date such expenses are incurred up to but not including the date the Note Insurer is reimbursed for such expenses in full.
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INSURER DEFENSE COSTS means all costs and expenses of the Insurer (including costs and expenses of the Owner Trustee paid by the Insurer) reasonably incurred in connection with any action, proceeding or governmental investigation to which the Trust is a party or subject that could materially adversely affect the Trust or the Trust estate or the rights or obligations of the Insurer under any of the Basic Documents, including (without limitation) any judgment or settlement entered into in connection with any such action, proceeding or governmental investigation, together with interest thereon at a rate equal to the Base Rate (as defined in the Insurance Agreement) from time to time in effect plus 1%.
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INSURER DEFENSE COSTS. All costs and expenses of the Insurer reasonably incurred in connection with any action, Proceeding or governmental investigation to which the Issuer is a party or subject that could materially adversely affect the Issuer or any of the Series Collateral or the rights or obligations of the Insurer under any of the Transaction Documents, including (without limitation) any judgment or settlement entered into in connection with any such action, proceeding or governmental investigation, together with interest thereon at a rate equal to the Prime Rate plus 1.0%.
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INSURER DEFENSE COSTS means all reasonable costs and expenses of the Insurer --------------------- (including reasonable costs and expenses of the Owner Trustee or the Indenture Trustee paid by the Insurer) incurred in connection with any action, proceeding or investigation that could reasonably be expected to adversely affect the Issuer or the Trust Estate or the rights or obligations of the Insurer under any of the Basic Documents or under the Insurance Policy, including any judgment or settlement entered into in connection with any such action, proceeding or investigation; provided, however, that Insurer Defense Costs shall not include costs or expenses incurred as a result of the willful misfeasance, bad faith or negligence of the Insurer.
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Related to INSURER DEFENSE COSTS

  • Defense Costs has the meaning set forth in Section 13.

  • Legal defense costs means any expenses that an insurer incurs in defending against claims of third parties brought under the terms and conditions of an insurance policy.

  • Class Counsel Litigation Expenses Payment mean the amounts allocated to Class Counsel for reimbursement of reasonable attorneys’ fees and expenses, respectively, incurred to prosecute the Action.

  • Released Defendants’ Claims means all claims and causes of action of every nature and description, whether known claims or Unknown Claims, whether arising under federal, state, common or foreign law, that arise out of or relate in any way to the institution, prosecution, or settlement of the claims asserted in the Action against Defendants. Released Defendants’ Claims do not include: (i) any claims relating to the enforcement of the Settlement;

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting, and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Litigation Expense means any court filing fee, court cost, arbitration fee, and each other fee and cost of investigating or defending an indemnified claim or asserting any claim for indemnification or defense under this Agreement, including Attorney’s Fees, other professionals’ fees, and disbursements. “Attorney’s Fees” include a charge for the service of in-house counsel at the market rate for independent counsel of similar experience.

  • Defence Costs means the fees and expenses incurred by the Insured with Our prior written consent in defending, settling or investigating a claim covered by the Policy.

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Enforcement Expenses shall include all reasonable attorneys’ fees, court costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in connection with an action to enforce indemnification or advancement rights, or an appeal from such action. Expenses, however, shall not include fees, salaries, wages or benefits owed to Indemnitee.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Patent Expenses means the fees and expenses of outside counsel and payments to Third Parties incurred after the Effective Date in connection with the preparation, filing, prosecution and maintenance of the Licensed Patents, the Joint Collaboration Patents, and the Shire Patents covering Compound and Collaboration Products, including the costs of patent interference and opposition proceedings, net of any reimbursement of such expenses by Third Parties.

  • Individual Defendants means Xxxxxx X. Xxxxx, X. Xxxx Xxxxx, Xxxxx

  • Defense Counsel means Xxxxxx, Xxxxx & Xxxxxxx LLP.

  • Allowable Expenses means any Medically Necessary, Usual and Customary item of expense, at least a portion of which is covered under this Plan. When some Other Plan provides benefits in the form of services rather than cash payments, the reasonable cash value of each service rendered in the amount that would be payable in accordance with the terms of the Plan shall be deemed to be the benefit.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Crew Support Costs means all expenses of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews.

  • Legal Expenses means the fees, costs and expenses of any kind incurred by any Person indemnified herein and its counsel in investigating, preparing for, defending against or providing evidence, producing documents or taking other action with respect to any threatened or asserted Claim.

  • Settlement Costs means all costs incurred by the Settlement Class and their attorneys, including but not limited to Plaintiffs’ attorneys’ fees, their costs of suit, Plaintiffs’ expert or consultant fees, any incentive payments paid to the Class Representatives, notice costs, costs of Claims Administration, and all other costs of administering the settlement.

  • Defense Expenses means reasonable and necessary fees, costs, charges or expenses resulting from the investigation, defense or appeal of a Claim or a Proceeding. Defense Expenses do not include: (a) amounts incurred prior to the date a Claim is first made, or aProceeding is first brought, and reported to the Insurer; (b) compensation or benefits of any natural person Insured or any overhead expenses of any Insured organization; (c) fines or penalties; or (d) any costs, fees or expenses to comply with a determination or decision made by a regulatory body, licensing board, agency or other organization in a Proceeding.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).