Extra Contractual Obligations

Extra Contractual Obligations. Means all liabilities (i) for compensatory, consequential, exemplary, punitive or similar damages which directly relate to any alleged or actual act, error, omission, fraud or misrepresentation by any Person, any of its Affiliates or any of its or its Affiliates' officers or employees, whether intentional or otherwise or (ii) from any actual or alleged reckless conduct or bad faith by any Person, any of its Affiliates or any of its or its Affiliates' officers or employees in connection with... such Person's handling of any claim under any of the Covered Policies (including the settlement, defense of, or appeal of any claim) or in connection with the issuance, offer, sale, delivery, cancellation or administration by any Person or any of its Affiliates or any of its or its Affiliates' officers or employees of any of the Covered Policies. View More

Extra Contractual Obligations. Any and all costs, expenses, damages, liabilities or obligations of any kind or nature (including, without limitation, attorneys' fees, consequential and incidental damages, and punitive and exemplary damages) which are not express obligations covered by a Policy and as required by a Policy, including, without limitation, any liability for damages which are incurred by the Company and arise out of or result from or relate to any act or omission, whether or not in bad faith, intentional,... willful, negligent, reckless, careless or otherwise, of the Company in connection with a Policy View More