Own Disbursements definition

Own Disbursements means the Insured’s liability for the legal expenses (excluding own Counsel’s fees and Own Solicitor’s Fees, unless stated otherwise) which are reasonably incurred in order to prosecute the Dispute.
Sample 1Sample 2Sample 3
Own Disbursements means the Insured’s liability for the expenses other than solicitors’ fees which are reasonably incurred in order to prosecute the Dispute.
Sample 1Sample 2

Examples of Own Disbursements in a sentence

  • Own Disbursements and Opponent’s Costs incurred in respect of a Claim where Your motor insurer cancels the First Cover Motor Insurance Policy or otherwise refuses to become involved in the Insured Incident.

  • If the Insured Person withdraws from a Claim or discontinues instructions to an Appointed Legal Representative expressly or by omission without the agreement of the Underwriters or Us, all Own Costs, Own Disbursements and Opponent’s Costs will become the responsibility of the Insured Person.

  • If the Insured Person does not accept the offer or payment into court and We and, where applicable, the Appointed Legal Representative consider that the outcome of the Claim will not be bettered We reserve the right to withdraw cover and will not be responsible for any further Own Costs, Own Disbursements and Opponent’s Costs after the offer or payment into court was made.

  • In addition, We will be entitled to be reimbursed by the Insured Person of all Own Costs, Own Disbursements and Opponent’s Costs paid or incurred during the course of the Claim.

  • At the time, managing director Dirk Mulder had the drawings for a larger, modern facility on his office walls.

  • The Insured Person shall take all reasonable steps to keep the costs of the Claim, any Legal Proceedings and Own Costs, Own Disbursements and Opponent’s Costs to a minimum.

  • The Insured Person must send to Us directly or authorise the Appointed Legal Representative to send to Us all bills, orders or awards for Own Costs, Own Disbursements and Opponent’s Costs immediately on receiving them and We have the right to have these submitted for assessment by the courts or certification by the Law Society.

  • WithdrawalIf the Insured Person withdraws from a Claim or discontinues instructions to an Appointed Legal Representative expressly or by omission without the agreement of the Underwriters or Us, all Own Costs, Own Disbursements and Opponent’s Costs will become the responsibility of the Insured Person.

  • Prospects of Success means that an Insured Person has a 51% or better chance of receiving an award of compensation which (after taking into account the likely contribution to be received from a third party to an Insured Person’s Own Costs and Own Disbursements) is more than the Own Costs and Own Disbursements of pursuing the Claim and which exceeds any settlement offers an Insured Person receives.

  • Compliance And PrecautionsThe Insured Person must comply with all of the terms and conditions of this section of Your First Cover Motor Insurance Policy and take all reasonable precautions to minimise Own Costs, Own Disbursements and Opponent’s Costs and attempt to prevent any event, which may cause a Claim under this section of Your First Cover Motor Insurance Policy.

Related to Own Disbursements

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Disbursement is defined in Section 2.6.2.

  • Loan Disbursement Handbook means ADB’s Loan Disbursement Handbook (2012, as amended from time to time);

  • Revolving Advances means Advances made other than Letters of Credit.

  • Reimbursement Obligations means, at any time, the aggregate of all obligations of the Borrower then outstanding under Section 2.18 to reimburse the LC Issuers for amounts paid by the LC Issuers in respect of any one or more drawings under Facility LCs.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Letters of Credit Outstanding means, at any time, the sum of, without duplication, (a) the aggregate Stated Amount of all outstanding Letters of Credit and (b) the aggregate principal amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Letter of Credit Liabilities means, at any time and in respect of all Letters of Credit, the sum of (a) the aggregate amount available to be drawn under all such Letters of Credit plus (b) the aggregate unpaid amount of all Reimbursement Obligations then due and payable in respect of previous drawings under such Letters of Credit.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Refunded Swingline Loans as defined in Section 2.7(b).