Common use of Identity Fraud Clause in Contracts

Identity Fraud. If any party other than any Insured Person enters into any agreement with any third party entity fraudulently representing themselves as any Company, then the Insurer shall pay any reasonable and necessary fees, costs and expenses incurred by such Company in establishing that such fraudulent misrepresentation has occurred, in the event that the third party entity seek to enforce such agreement against such Company, subject to the Sub-Limit specified in Item 5 of the Schedule.