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

  • 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.

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

  • Besides in secondary school, between 2018 and 2019, there is an increase of secondary school with adequate infrastructure for disabilities from 494 schools to 634 schools and even the number of learners with special educational needs increased.

  • 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.

  • The Company shall not be obligated to pay Loss, Claim Expenses or Mitigation Expenses until an Insured pays the applicable Deductible in full.

  • 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.

  • Coverage The Insurer agrees to pay Privacy Breach Notification and Mitigation Expenses on behalf of the Insured as a direct result of a Cybercrime or Privacy Breach, provided such Cybercrime or Privacy Breach is discovered during the Policy Period and is reported to the Insurer in accordance to Condition 4.3.

  • Any more recovery (after first deducting the costs and expenses incurred by the Company in obtaining such recovery) shall first be paid to the Company to the extent of any Loss, Claim Expenses or Mitigation Expenses incurred by the Company, with the balance paid to an Insured.

  • 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 Company shall not be liable to pay any Loss, Claim Expenses or Mitigation Expenses or continue the defense of any Claim after the Limit of Liability has been exhausted.


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. 22 Off-Site means outside the boundaries of the Insured Property.
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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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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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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 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.

  • 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, with respect to all rights granted to LGF hereunder, one hundred percent (100%) of the aggregate of all actual, direct, out-of-pocket, third xxxxx costs expended or incurred by LGF in direct connection with the distribution and exploitation of the Picture throughout the Territory in all media, including, without limitation, all DLT Creation Costs, and all conversion, manufacturing, duplication, shipping, marketing, advertising, promotion and publicity costs, and all costs to complete Delivery of the Picture (to the extent (i) LGF elects to cure any failure of Grantor to complete Delivery of the Picture in accordance with the Delivery Schedule and/or (ii) LGF is required to take "access" to any Delivery Materials pursuant to the Delivery Schedule; and/or fiii) Grantor is not required to deliver such elements under the Delivery Schedule).

  • Company Expenses has the meaning set forth in Section 11.3(a)(v).

  • 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 or expenses incurred or paid by Holdings or any of its Subsidiaries in connection with the Transaction, this Agreement and the other Loan 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.

  • Preservation Expenses Expenditures made by the Servicer in connection with a foreclosed Home Equity Loan prior to the liquidation thereof, including, without limitation, expenditures for real estate property taxes, hazard insurance premiums, property restoration or preservation.

  • 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.