Product Recall Expenses definition

Product Recall Expenses means those reasonable and necessary extra expenses, listed below, paid and directly related to a "product recall":
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Product Recall Expenses means [***], except to the extent already allocated pursuant to subsection (h).
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Product Recall Expenses means all costs associated with the recall of each Shared Product and Companion Diagnostic.
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Examples of Product Recall Expenses in a sentence

  • The Insured shall also provide promptly any additional information which the Company may reasonably require to determine the existence of a Covered Incident or the amount of any Product Recall Expenses hereunder.

  • It is agreed that Product Recall Expenses, if any, shall be payable in the same currency in which the premium has been paid.

  • In the event that Product Recall Expenses involving local currency must be converted to the currency listed in the Declarations (or any other currency) in order to indemnify the Insured, conversion shall be at the foreign exchange selling rate published in the Wall Street Journal as of the date of the payment.

  • Such offset may include balances due under this Policy and any other policies heretofore or hereafter entered into between the Parties, regardless of whether such balances are in respect of premiums or Product Recall Expenses or otherwise and regardless of the capacity of any party, whether as Company or Insured or otherwise.

  • The Insured will take the most cost efficient decision as respects Product Recall Expenses.

  • Subject always to the Limit of Liability set forth in the Declarations, and to all of the terms, conditions, exclusions and other provisions hereinafter mentioned, the Company will indemnify the Insured for Product Recall Expenses arising out of a Covered Incident in excess of the Attachment Point set forth in the Declarations, provided that the Covered Incident is discovered and first reported to the Company during the Policy Period.

  • If You have opted for this Cover, We will Pay You the Covered Product Recall Expenses that You become legally liable to pay arising out of a Covered Incident to which this insurance applies i.e.

  • Product Recall Expenses Expenses incurred in the recall of defective products.

  • If You have opted for this Cover, We will pay You for all the covered Product Recall Expenses, which You incur arising out of a Covered Incident, if initial written notice to Us of the Covered Incident takes place during the Policy period, and the Covered Incident takes place in the Coverage Territory.

  • All sums indemnifiable under this Policy for Bodily Injury or Property Damage or Personal Injury or Advertising injury or Product Recall Expenses or Product Recall Expense Liability will be paid by Us in the order that such sums are presented to Us for indemnification.


More Definitions of Product Recall Expenses

Product Recall Expenses means [***].
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Product Recall Expenses means all reasonable and necessary costs incurred, due to the occurrence of a Covered Incident, to inspect, collect, withdraw and/or destroy recalled Insured Product(s). All Product Recall Expenses shall be limited to: i) the cost of publishing the recall in newspapers, magazines, or any other printed media, in radio and/or television broadcasts, or any other announcements (whether electronic or otherwise), as well as the cost of correspondence exclusively made for the purpose of announcing and/or implementing the recall of the Insured Product(s);
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Product Recall Expenses means all reasonable and necessary costs incurred, due to the occurrence of a Covered Incident, to inspect, collect, withdraw and/or destroy recalled Insured Product(s). All Product Recall Expenses shall be limited to: i) the cost of publishing the recall in newspapers, HDFC ERGO General Insurance Company Limited. IRDAI Reg. No.146. CIN: U66030MH2007PLC177117. Registered & Corporate Office: 1st Floor, HDFC House, 000-000 Xxxxxxx Xxxxxxxxxxx, X. X. Xxxxxx Marg, Churchgate, Mumbai – 400 020. Trade Logo displayed above belongs to HDFC magazines, or any other printed media, in radio and/ or television broadcasts, or any other announcements (whether electronic or otherwise), as well as the cost of correspondence exclusively made for the purpose of announcing and/or implementing the recall of the Insured Product(s);
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Product Recall Expenses means: reasonable and necessary costs personally and directly incurred by You, in respect of:• communications including radio and television announcements and printed advertisements;• the cost of shipping IT Products from any purchaser, distributor or user to the place or places designated byYou;• the cost of hire of necessary, additional persons other than Your regular employees;• remuneration paid to Your regular employees at basic rates for necessary straight time or overtime, if required;• expenses incurred for transportation and accommodation of Your employees where necessary;• the extra expense for rent or hire of additional warehouse or storage space;• the disposal or destruction of IT Products recalled;but only when such costs are incurred exclusively for the purpose of recalling IT Products [including any property of which such IT Products form a part] because of an Occurrence. It does not include the actual value of the IT Products [including any property of which such IT Products form a part] themselves, or any legal liability to pay damages or compensation of any sort to any other person.
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Product Recall Expenses. Means reasonable and necessary costs incurred directly by the Insured in respect of:
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Related to Product Recall Expenses

  • Manufacturing Costs means, with respect to a given AquaBounty Product, the full-time equivalent costs (under a reasonable accounting mechanism to be agreed upon by the Parties) and out-of-pocket costs that AquaBounty or any of its Affiliates incurred in manufacturing such products, including costs and expenses incurred in connection with (a) the development or validation of any manufacturing process, formulations or delivery systems, or improvements to the foregoing; (b) manufacturing scale-up; (c) in-process testing, stability testing and release testing; (d) quality assurance/quality control development; (e) internal and Third Party costs and expenses incurred in connection with qualification and validation of Third Party contract manufacturers, including scale up, process and equipment validation, and initial manufacturing licenses, approvals and inspections; (f) packaging development and final packaging and labeling; (g) shipping configurations and shipping studies; and (h) overseeing the conduct of any of the foregoing. “Manufacturing Costs” shall further include: (i) to the extent that any such AquaBounty Product is manufactured by a Third Party manufacturer, the out-of-pocket costs incurred by AquaBounty or any of its Affiliates to the Third Party for the manufacture and supply (including packaging and labeling) thereof, and any reasonable out-of-pocket costs and direct labor costs incurred by AquaBounty or any of its Affiliates in managing or overseeing the Third Party relationship determined in accordance with the books and records of such Party or its Affiliates maintained in accordance with US GAAP; and (ii) to the extent that any such AquaBounty Product is manufactured by AquaBounty or any of its Affiliates, direct material and direct labor costs attributable to such product, as well as reasonably allocable overhead expenses, determined in accordance with the books and records of AquaBounty or its Affiliates maintained in accordance with US GAAP.

  • Patent Expenses means the fees and expenses of outside counsel and payments to Third Parties incurred after the Effective Date in connection with the preparation, filing, prosecution and maintenance of the Licensed Patents, the Joint Collaboration Patents, and the Shire Patents covering Compound and Collaboration Products, including the costs of patent interference and opposition proceedings, net of any reimbursement of such expenses by Third Parties.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Commercialization Costs means the out-of-pocket costs and expenses incurred by Adapt or its Affiliates directly attributable to, or reasonably allocable to, the Commercialization of a Product. Commercialization Costs for a Product shall include, preparation of promotional, advertising, communication, medical, and educational materials relating to the Product and other Product literature and selling materials, activities directed to marketing of the Product, including purchase of market data, development and conduct of market research, advertising, public relations, public affairs and other communications with Third Parties regarding the Product; development and conduct of sales force training (including materials, programs and travel to and attendance at training programs) for medical representatives responsible for promoting the Product; and development and maintenance of sales bulletins, call reporting and other monitoring/tracking, sales force targeting, validation and alignment programs and documentation.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Manufacturing Cost means ***

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include:

  • 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.

  • 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.

  • Program Costs means all necessary and incidental costs of providing program services.

  • 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.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • FTE Costs means the FTE Rate multiplied by the applicable number of FTEs who perform a specified activity pursuant to this Agreement.

  • Direct Costs means the sum of the following:

  • Patent Costs means the reasonable fees and expenses paid to outside legal counsel, and filing, maintenance and other reasonable out-of-pocket expenses paid to Third Parties, incurred in connection with the Prosecution and Maintenance of Patent Rights.

  • Third Party Costs means all such third party costs (including legal and other professional fees) in respect of each Individual Scheme as a Partner reasonably and properly incurs in the proper performance of its obligations under this Agreement and as agreed by the Partnership Board. Working Day means 8.00am to 6.00pm on any day except Saturday, Sunday, Christmas Day, Good Friday or a day which is a bank holiday (in England) under the Banking & Financial Dealings Act 1971.

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.

  • 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.

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Marketing Expenses means all costs and expenses incurred in connection with the Commercialization of the Product in the Territory, including, without limitation: (a) marketing, advertising, sampling, and promotional activities; (b) marketing studies; (c) primary and secondary market research; (d) promotional materials; and (e)