Mitigation Costs definition
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 all of the costs associated with the Mitigation Work, including land acquisition, and any and all permits, licenses etc.
Mitigation Costs shall not include any:
Examples of Mitigation Costs in a sentence
Lessee shall reimburse Lessor through Basic Rent or Renewal Rent payments for Community Impact Mitigation Costs incurred by or on behalf of Lessor after the Lease Effective Date.
The Environmental Mitigation Costs estimated as of the Environmental Cost Test Date (or the Second Environmental Cost Test Date, if applicable).
In no event shall cover under this Section 2.1 (Mitigation Costs) include the remuneration of any Insured Person, costs of their time or any other costs or overheads of any Company.
Buyer is to pay for the first $1,000,000 of Traffic Mitigation Costs before drawing any money from the Traffic Mitigation Account.
Limit of Liability means the amount specified in the Policy Schedule, which shall be Our maximum, total and cumulative liability under this Policy (inclusive of the amounts under the Insuring Clause and/or Legal and Other Costs and/or Mitigation Costs and regardless of the number of Policyholders or claimants/third parties or the total number or amount of claims made against You) for any one claim and in the aggregate for all claims made against You during the Policy Period.
More Definitions of Mitigation Costs
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 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 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 the reasonable costs, charges, fees or payment incurred by or on be- half of an Insured Person with the Company’s written consent, which are reasonably intended to prevent a Claim or mitigate the severity of Loss that would be covered under this Policy.
Mitigation Costs has the meaning given to it in Paragraph 1.4(A) of Schedule 2 (Payment Mechanism).
Mitigation Costs means all of the costs associated with the Mitigation Work, including land acquisition, and any and all permits, licenses etc. “Mitigation Sites” means the real property acquired by the Owner in connection with the Mitigation Work. “Mitigation Work” means on-site or off-site improvements required by the Florida Department of Environmental Regulation, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇ Water Management District, Florida Game and Freshwater Fish Commission, United States Environmental Protection Agency, Army Corp of Engineers and United States Fish and Wildlife Service to mitigate adverse environmental effects resulting from construction of Poinciana Parkway. “Osceola Project Area” means that segment of Poinciana Parkway located in Osceola County more particularly depicted on Appendix A attached hereto and made a part hereof, constituting approximately 4.17 miles of access roadways beginning at the Westerly right-of-way line of Eastborne Avenue and follows the existing alignment of Marigold Avenue, a two lane roadway constructed within an existing Osceola County right-of-way with a width of 150 feet which will be reconstructed by the Owner as a part of Poinciana Parkway utilizing a four lane urban curb and gutter section, ending at the intersection of Cypress Parkway (CR 580) and Marigold Avenue, including without limitation, all property rights, easements, appurtenances, rights-of-way, franchises and equipment relating thereto and deemed necessary or convenient for the acquisition, construction, renovation, reconstruction or operation thereof, with such changes, deletions, additions or modifications to the enumerated improvements, equipment and facilities, or such other improvements, equipment or facilities as may hereafter be approved by Osceola County in accordance with this Agreement. “Per Capita Nominal GDP” means the “U.S. Annual Per Capita Gross Domestic Product (in current dollars)” (not seasonally adjusted) as published by the U.S. Department of Commerce, Bureau of Economic Analysis, it being understood that for purposes of using such indicator at a specific point in time, the “U.S. Annual Per Capita Gross Domestic Product (in current dollars)” (not seasonally adjusted) published by the U.S. Department of Commerce, Bureau of Economic Analysis for the calendar year immediately preceding such specific point in time is to be used, provided, however, that if the measurement of Per Capita Nominal GDP is discontinued or revised, su...
Mitigation Costs means any and all costs incurred by Tenant, in good faith, in effecting an Existing Lease Reduction Event, including, for example and without limitation, a termination fee paid to the Existing Landlord as consideration for the Existing Landlord’s agreement to terminate the term of the Existing Lease prior to the last day of the Abatement Period, or any and all costs incurred by Tenant in effecting a Transfer with respect to the Existing Lease, e.g. brokerage, legal fees, free rent and other subtenant/assignee incentives, and construction and design costs in connection with such Transfer. It is agreed that, for purposes of calculating the Net Reduction in Existing Lease Rent, all Mitigation costs shall be deemed amortized over: (i) in the case of an abatement of rent payable under the Existing Lease, during the period of such abatement: (ii) in the case of a termination of the Existing Lease, from the effective date of such termination through November 30, 2022; (iii) in the case of a sublease, during the term thereof; and (iv) in the case of an assignment or Transfer, from the effective date the assignment or Transfer through November 30, 2022.