Mitigation Expenses definition

Mitigation Expenses. As defined in Section 3.1.1.
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Mitigation Expenses means reasonable and necessary fees and expenses incurred by an Insured to mitigate or rectify an actual negligent act, error or omission arising from engineering or architectural designs, plans or specifications performed by or on behalf of an Insured, but only for a project for which an Insured is responsible for both the design and the construction. “Mitigation Expenses” shall not include an Insured’s own profit, overhead or
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Mitigation Expenses means reasonable and necessary fees, costs and expenses incurred by the Named Insured in the Named Insured’s efforts to minimize potential Damages for which the Named Insured might become liable due to a Claim or Circumstance. Mitigation Expenses do not include fees, costs or expenses incurred to comply with any governmental or regulatory requirement or medical expenses. Mitigation Expenses do not include Damages or Claims Expenses.
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Examples of Mitigation Expenses in a sentence

  • S1.5.10 Mitigation Expensesany Mitigation Expenses except for those specific costs covered as per clause S1.2.5 and S1.4.9. S1.5.11 Normal Upkeepthe cost of normal upkeep or routine making good.

  • Extinguishment and Mitigation Expenses (Php1,000,000.00) It is hereby declared and agreed that this Policy extends to cover all expenses reasonably incurred by or on behalf of the Insured in extinguishing fires or in mitigating, containing or suppressing loss, destruction or damage by any peril or eventually hereby insured against occurring at or adjacent to or immediately threatening the situation of any property insured by this Policy.

  • The Insurer shall pay, on behalf of the Insureds, Crisis Containment Expenses, Fraud Mitigation Expenses, Forensic Investigation Expenses, Data Restoration Expenses, Public Relations Expenses and First-Party Legal Expenses incurred as a result of a Security Incident taking place after the applicable Retroactive Date listed in the Declarations and first discovered duringthe Policy Period and which is reported to the Insurer in the time and manner required by this Policy.

  • The Insured shall not do anything to prejudice any of the Insurer’s rights nor shall they admit liability for or settle any Claim or, except as provided by Extension 7(c) Emergency Costs (when covered), incur Defence Costs, Investigation Expenses, Mitigation Expenses, Prosecution Costs or Public Relations Expenses without the Insurer’s prior written consent, which consent shall not be unreasonably withheld or delayed.

  • If the Company and the Named Insured cannot agree on the reasonableness of the proposed Mitigation Expenses, then the Company and the Named Insured may submit such dispute to alternative dispute resolution.

  • Only those Mitigation Expenses validated by the Insurer as appropriate in their sole discretion shall be reimbursed subject to the Limits of Liability of this Policy.

  • In the event a Claim is subsequently made against an Insured alleging a Wrongful Act arising from Professional Services, the Company shall have the right to cease any payment for Mitigation Expenses.

  • Provided, however, that First-Party Legal Expenses shall not include Defense Expenses, Crisis Containment Expenses, Forensic Investigation Expenses, Fraud Mitigation Expenses, or Public Relations Expense.

  • Provided, however, Forensic Investigation Expenses shall not include Crisis Mitigation Expenses, Fraud Mitigation Expenses or Public Relations Expenses.

  • Mitigation Expenses do not include the wages, salary or other remuneration of an Insured, nor any Value Added Tax or similar tax to the extent that such tax can be recovered by the Insured.


More Definitions of Mitigation Expenses

Mitigation Expenses means:1. those expenses incurred due to measures the Insurer has specifically directed the Insured to perform in order to avoid or mitigate the effects of Pollution Conditions or Biodiversity Damage which may give rise to a Claim;2. those expenses resulting from reasonable measures taken at the sole initiative of the Insured in good faith, either to avoid Pollution Conditions or Biodiversity Damage which may give rise to a Claim or in order to avoid or reduce any consequences of Pollution Conditions or Biodiversity Damage to the extent that such measures are Urgent.Mitigation Expenses do not include any capital improvement or betterment expenses.
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Mitigation Expenses means the costs and expenses of measures taken solely and exclusively by or on behalf of an Insured (and which are reasonably and necessarily) required to prevent, limit or mitigate the Insured’s exposure to Loss to an actual or potential Claim for a Wrongful Act, insofar as this loss, if it occurred, would be covered by this Policy, and which are incurred with the written consent of the Insurer, , up to GBP 500,000 (such limit shall be part of and not in addition to the Limit of Liability shown in Item 3 of the Schedule). Where Mitigation Expenses include the payment of Benefits, they shall be calculated as being the amount of such Benefits which are a direct consequence of a Wrongful Act, after deduction of the amount the Pension Scheme would have paid or would have been liable to pay in Benefits under the trust deed and rules of the Pension Scheme if the Wrongful Act had not occurred. Mitigation Expenses do not include the wages, salary or other remuneration of an Insured, nor any Value Added Tax or similar tax to the extent that such tax can be recovered by the Insured.
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Mitigation Expenses means reasonable and necessary payments incurred by the Named Insured (provided the Underwriters’ prior consent is obtained) in the Named Insured’s taking action to mitigate and/or minimize the financial consequences of a Circumstance which the Named Insured establishes to the Underwriters’ satisfaction would otherwise have reasonably been expected to give rise to a Claim for which Damages would have been covered by the policy.
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Related to Mitigation Expenses

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • 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 expenses reasonably incurred in connection with investigating, defending or asserting any claim, action, suit or proceeding incident to any matter indemnified against under this Agreement, including, without limitation, court filing fees, court costs, arbitration fees or costs, witness fees, and fees and disbursements of legal counsel, investigators, expert witnesses, accountants and other professionals.

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

  • Election expenses means expenses incurred, whether before, during or after the election, on account of, or in respect of, the conduct or management of the election.

  • Disposition Expenses means reasonable out-of-pocket expenses incurred by the Servicer in connection with the sale at auction or other disposition of a Leased Vehicle by the Servicer.

  • Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursements.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Distribution Expenses means the reasonable costs, excluding overhead, incurred by ZIOPHARM that are directly and reasonably allocable to the distribution of a ZIOPHARM Product with respect to a particular country where such ZIOPHARM Product has been launched, excluding any costs included as a deduction in calculating Net Sales.

  • Company Expenses has the meaning provided in Section 8.3.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Administration Expenses Payment means the amount the Administrator will be paid from the Gross Settlement Amount to reimburse its reasonable fees and expenses in accordance with the Administrator’s “not to exceed” bid submitted to the Court in connection with Preliminary Approval of the Settlement.

  • Transaction Expenses means any fees, costs, or expenses incurred or paid by Holdings, the Borrower, or any of their respective Affiliates in connection with the Transactions, this Agreement, and the other Credit Documents, and the transactions contemplated hereby and thereby.

  • Acquisition Expenses means any and all expenses, exclusive of Acquisition Fees, incurred by the Company, the Operating Partnership, the Advisor or any of their Affiliates in connection with the selection, evaluation, acquisition, origination, making or development of any Investments, whether or not acquired, including, without limitation, legal fees and expenses, travel and communications expenses, brokerage fees, costs of appraisals, nonrefundable option payments on property not acquired, accounting fees and expenses, title insurance premiums and the costs of performing due diligence.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Unpaid Transaction Expenses has the meaning specified in Section 2.4(c).

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Common Expenses means expenditures made by or financial liabilities of the association, together with any allocations to reserves.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • 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.

  • Notice and Administration Expenses means all costs, fees, and expenses incurred in connection with providing notice to the Settlement Class and the administration of the Settlement, including but not limited to: (i) providing notice of the proposed Settlement by mail, publication, and other means to Settlement Class Members; (ii) receiving and reviewing claims; (iii) applying the Plan of Allocation; (iv) communicating with Persons regarding the proposed Settlement and claims administration process; (v) distributing the proceeds of the Settlement; and (vi) fees related to the Escrow Account and investment of the Settlement Fund.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.