Regulatory Claim definition

Regulatory Claim means a request for information, civil investigative demand, civil proceeding, or similar proceeding brought by any federal, state, local or foreign governmental entity in such entity’s regulatory or official capacity.
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Regulatory Claim shall not include any such enforcement or similar action with respect to regulatory or other governmental requirements that were not in effect on the date the Purchase Order for the applicable Equipment or Software was accepted by Nortel Networks or arising from Customer's failure to install or have installed changes, revisions or updates by Nortel Networks that would have prevented such performance failure.
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Regulatory Claim means: (1) a written demand for monetary, non-monetary or injunctive relief (including any request to toll or waive any statute of limitations or request for mediation); (2) a search warrant, subpoena, notice of investigation or contact letter (including but not limited to any notice or letter received from a Recovery Audit Contractor (RAC)); or (3) a civil, criminal, administrative, regulatory or arbitration proceeding (including but not limited to any qui tam action or relator lawsuit) for monetary, non- monetary or injunctive relief commenced by: (a) the service of a complaint or similar pleading; (b) the return of an indictment, information or similar document (in the case of a criminal proceeding); or (c) the filing of a notice of charges, formal investigative order or similar document, brought by or on behalf of a federal, state or local governmental, regulatory or administrative agency or entity against an Insured for a Regulatory Wrongful Act; provided, that Regulatory Claim does not include any customary or routine audit or reconciliation involving an Insured by any federal, state or local governmental, regulatory or administrative agency or entity.
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Examples of Regulatory Claim in a sentence

  • Landlord shall promptly notify Tenant of any Regulatory Claim filed against Landlord or any Indemnitees, and Tenant shall defend Landlord and the Indemnitees, at the request of Landlord or any one or more of the Indemnitees, with counsel reasonably satisfactory to Landlord or the applicable Indemnitees making the request.

  • The Buyer Indemnitees shall promptly notify Seller of any Regulatory Claim filed against Buyer or any Buyer Indemnitees, and Seller shall defend the Buyer Indemnitees, at the request of any one or more of the Buyer Indemnitees, with counsel reasonably satisfactory to the Buyer Indemnitees making the request.

  • Privacy Regulatory Claim Expenses and Regulatory Fines resulting from a Regulatory Action that is first requested during the Policy Period, or any applicable extended reporting period, for a Cyber Breach Event.

  • Regulatory Claim means any claim, action, damage, penalty, loss, liability or expense arising from a violation of any environmental regulation or any un-permitted Release of a Regulated Substance.

  • Neither Party shall make any admissions or any settlement in respect of any Regulatory Claim or potential Regulatory Claim without prior discussion with the other Party.

  • Upon receipt of such notice, the Parties shall convene an urgent meeting to determine how to mitigate any Losses which may arise from such Regulatory Claim and how to approach and make representations to such Gaming Authority.

  • The Company will pay on behalf of the Insured, Loss for any Claim, other than a Regulatory Claim, first made during the Policy Period or, if exercised, during the Extended Reporting Period or Run-Off Extended Reporting Period, for a Communications and Media Wrongful Act.

  • The Insurer will pay on behalf of the Insured, Loss for any Claim, other than a Regulatory Claim, first made during the Policy Period, or if exercised, during the Extended Reporting Period or Run-Off Extended Reporting Period, for a Communications and Media Wrongful Act.

  • Notwithstanding the foregoing, (i) if Buyer or Servco wishes to defend or settle any Regulatory Claim on its own, it may do so at its own expense; (ii) Buyer may not agree to any non-monetary settlement that affects Servco or AAHA without their consent, and (iii) Servco may not agree to any non-monetary settlement that affects Buyer without Buyer’s consent.

  • By way of illustration, one-half (1/2) of any such Regulatory Claim (in accordance with the provisions of Section 10.6) and all of any Claims relating to Taxes shall not be limited to or subject to the attainment of $25,000 in Claims.