Punitive Damages definition

Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

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Punitive Damages means damages that may be imposed to: a. Punish or deter wrongful, malicious or unlawful conduct; b. Deter wrongful, malicious or unlawful conduct; or c. Fine, penalize or impose a statutory penalty; other than damages intended to compensate for actual bodily injury or property damage incurred by a person. “Punitive damages” include, but are not limited to, damages referred to under any law as punitive damages, exemplary damages, treble damages or statutory multiple damages.

Punitive Damages means and includes exemplary damages and

Examples of Punitive Damages in a sentence

• The Reinsurer will not participate in Punitive Damages or Compensatory Damages that are awarded against the Ceding Company as a result of an act, omission, or course of conduct committed solely by the Ceding Company, its agents, or representatives in connection with claims covered under this Agreement.

• For purposes of this Agreement, Extra Contractual Obligations includes Punitive Damages, Compensatory Damages, Statutory Penalties and any other damages or penalties other than or in addition to payment of policy benefits.

• The foregoing terms are defined as follows: "Punitive Damages" are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

• For the purposes of this Agreement, "Extra-Contractual Obligations" shall mean any Punitive Damages, Compensatory Damages, or Statutory Penalties, as defined below, paid or payable by the Ceding Company as a result of an action arising under, relating to, or in connection with a Contest: "Punitive Damages" are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

• In no event whatsoever, shall the term Statutory Penalties include any Punitive Damages awards.

More Definitions of Punitive Damages

Punitive Damages. We do not cover: COVERAGE “F” – VOLUNTARY MEDICAL PAYMENTS

Punitive Damages means special, indirect, consequential or punitive damages (as opposed to direct or actual damages) on any theory of liability (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result of, or in any way related to, this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby or referred to therein, the transactions contemplated thereby, any Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith.

Punitive Damages means damages awarded by a court to an injured party to punish the defendant for a serious wrong. This award only is in addition to actual damages awarded for bodily injury or property damage.

Punitive Damages means the portion of a Claim for punitive or exemplary damages.

Punitive Damages means extracompensatory damages awarded for the purposes set forth in G.S. 1D-1.

Punitive Damages means monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer.

Punitive Damages means monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the other party.