Protection Costs definition

Protection Costs means reasonable fees, costs and expenses consented to by the Underwriter, such consent not to be unreasonably withheld or delayed, and incurred by an Executive to oppose an Asset Protection Order and to obtain the discharge or revocation of any such Asset Protection Order imposed upon such Executive during the Policy Period.
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Examples of Protection Costs in a sentence

  • Defence Costs, Legal Representation Expenses and Prosecution and Reputation Protection Costs are part of, and not in addition to, the Limits of Liability set forth in Item 2 of the Schedule; the payment by the Company of Defence Costs, Legal Representation Expenses and Prosecution and Reputation Protection Costs erodes such Limits of Liability.

  • Any advancement of Defence Costs, Legal Representation Expenses, Prosecution and Reputation Protection Costs or Crisis Expenses shall be repaid to the Company by the Insureds, severally according to their respective interests, if and to the extent it is determined that such Defence Costs, Legal Representation Expenses, Prosecution and Reputation Protection Costs or Crisis Expenses are not insured under this policy.

  • It shall be the duty of the Insured and not the duty of the Company to defend Each Insured agrees not to settle, or convey any offer of settlement to any claimant with regard to, any Claim, incur any Defence Costs, Legal Representation Expenses, Prosecution and Reputation Protection Costs or Crisis Expenses or otherwise assume any contractual obligation or admit any liability with respect to any Claim without the Company’s prior written consent.

  • Thereafter, no Defense Costs, Asset Protection Costs or Reputation Costs may be incurred without the Insurer’s prior consent, which will not be unreasonably withheld or delayed, and only Defense Costs, Asset Protection Costs and Reputation Costs to which the Insurer has consented will be payable under this Policy.

  • Notwithstanding exclusion 4.A. (iv), coverage shall extend to Defence Costs, civil fines and penalties, Prosecution and Reputation Protection Costs or Crisis Expenses on account of any D&O Claim or Legal Representation Expenses in connection with an alleged violation or breach of an occupational health and safety law, including but not limited to, any workplace death, corporate manslaughter or industrial manslaughter law anywhere in the world.

  • Coverage shall extend to Prosecution and Reputation Protection Costs up to the amount of the sub-limit set forth in Item 2.

  • The Company shall not otherwise be liable for any Defence Costs, Legal Representation Expenses, Prosecution and Reputation Protection Costs or Crisis Expenses, any other element of Loss incurred, any obligation assumed or any admission made by any Insured without the Company’s prior written consent.

  • If, because of an emergency, the Company’s prior written consent to any Defence Costs, Legal Representation Expenses, Crisis Expenses or Prosecution and Reputation Protection Costs cannot be requested, Defence Costs, Legal Representation Costs, Crisis Expenses or Prosecution and Reputation Protection Costs can be incurred without that consent for a period of thirty (30) days immediately following the date on which the Claim was first made or the event for which Crisis Expenses may be incurred.

  • Moreover, the Asset Protection Costs Sublimit and Reputation Costs Sublimit are part of, and not in addition to, the Limit of Liability.

  • The Company shall, prior to the final disposition of any Claim, advance Defence Costs, Legal Representation Expenses, Prosecution and Reputation Protection Costs or Crisis Expenses within thirty (30) days of receipt of an invoice for same.