Mitigation Costs means reasonable fees, costs, charges and expenses incurred by any of the Insured Persons solely to mitigate a specific fact, circumstance or situation, that the risk manager, general counsel, chief executive officer or chief financial officer or equivalent of the Parent Company first become aware of and report to Underwriters during the Policy Period in accordance with Clause VII.D., which could reasonably give rise to a Claim, Investigation or Inquiry, but shall not include:
Mitigation Costs means an amount calculated in GT&Cs Section
Mitigation Costs means all of the costs associated with the Mitigation Work, including land acquisition, and any and all permits, licenses etc.
Examples of Mitigation Costs in a sentence
PAMIA will pay Mitigation Costs in excess of the Deductible, as and when they are incurred.
Indemnify the Insured against Mitigation Costs incurred with PAMIA’s consent, such consent not to be unreasonably withheld or delayed.
For the purposes of this Term of Cover Claim shall include Mitigation Costs and any payment sought by the Insured pursuant to the cover provided in Terms of Cover 1.5,1.6 and 1.7.
Mitigation Costs means the necessary and reasonable costs incurred by the Insured, with the Insurer’s prior written consent, to mitigate a Loss resulting from a Crime but only if such mitigation reduces or eliminates such Loss.
The Total Nexus Costs, or Mitigation Costs, indicated above, may also be expressed on a per square foot level.
More Definitions of Mitigation Costs
Mitigation Costs means the reasonable fees, costs, charges and expenses consented to by the Insurer and incurred by an Insured Person to reduce the likelihood or severity of any Non-Indemnified Loss resulting from any potential Claim which would be covered under this Policy.
Mitigation Costs means the additional external costs directly incurred by the Insured, with Insurer’s prior written consent, for the sole purpose of avoiding or reducing the financial consequences of a possible Claim.
Mitigation Costs shall not include any:
Mitigation Costs means reasonable and necessary:
Mitigation Costs means reasonable costs, charges, fees or payment incurred by or on behalf of an INSURED with the INSURER’S prior consent, which are reasonably intended to prevent a CLAIM or mitigate the severity of LOSS that would be payable under this POLICY.
Mitigation Costs means reasonable and necessary payments to a potential claimant to reduce the ultimate legal liability of the Insured. In no event shall Mitigation Costs include: (a) payments which are not otherwise covered under the policy; or (b) other costs or overheads of an Insured.
Mitigation Costs means costs and expenses necessarily incurred by the Assured with Underwriters’ prior written consent in respect of action taken to mitigate a loss or potential loss that otherwise would be the subject of a claim under this Policy.