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.
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Own Disbursements means the Insured’s liability for the expenses other than solicitors’ fees which are reasonably incurred in order to prosecute the Dispute.
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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.

  • 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.

  • 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.

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

  • The Insured Person must comply with all of the terms and conditions of this 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 policy.

  • The Insured Person must comply with all of the terms and conditions of this 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 Policy.

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

  • Person must authorise any Appointed Legal Representative to receiveany sums by way of Own Costs and Own Disbursements recovered from the Third Partyand to pay the same to Us to the extent of the sums covered under this section of Your First Cover Motor Insurance Policy.

  • 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.

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.

  • Termination Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Demand.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Disbursement is defined in Section 2.6.2.

  • Borrower Delayed Reimbursements Any Additional Trust Fund Expenses and reimbursements of Advances that the related Mortgagor is required, pursuant to a written modification agreement, to pay in the future to the Trust in its capacity as owner of the related Mortgage Loan.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

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

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

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

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Reimbursement Obligations means at any time, the aggregate of the Obligations of the Borrower to the Lenders, the Issuing Bank and the Administrative Agent in respect of all unreimbursed payments or disbursements made by the Lenders, the Issuing Bank and the Administrative Agent under or in respect of the Facility Letters of Credit.

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

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

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

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • 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, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Report-based Disbursements means the Borrower’s option for withdrawal of funds from the Credit Account referred to in Part A.5 of Schedule 1 to this Agreement;

  • 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).