Common use of Certain Additional Agreements Clause in Contracts

Certain Additional Agreements. In the event any Existing Proceeding is brought against any Stockholder as an Indemnified Person, (i) prior to the Effective Time, no Stockholder shall waive, release, assign, settle or compromise or offer or propose to waive, release, assign, settle or compromise, such Proceeding without the prior written consent of Parent other than a settlement involving only the payment of monetary damages not to exceed $2,000,000 in the aggregate, (ii) from and after the Effective Time, Parent shall have the ability to control the defense of any such Proceeding including the ability to settle such Proceeding (provided that the Stockholders may participate in such defense at its own cost and expense), (iii) no payment of Indemnified Liabilities shall be required to any Stockholder prior to the Effective Time and (iv) each Stockholder shall use its commercially reasonable efforts to assist in the defense of any such matter.

Appears in 2 contracts

Samples: Voting and Support Agreement (Chesapeake Energy Corp), Voting and Support Agreement (WildHorse Resource Development Corp)

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Certain Additional Agreements. In the event any Existing Proceeding is brought against any the Stockholder as an Indemnified Person, (i) prior to the Effective Time, no the Stockholder shall not waive, release, assign, settle or compromise or offer or propose to waive, release, assign, settle or compromise, such Proceeding without the prior written consent of Parent other than a settlement involving only the payment of monetary damages not to exceed $2,000,000 in the aggregate, (ii) from and after the Effective Time, Parent shall have the ability to control the defense of any such Proceeding including the ability to settle such Proceeding (provided that the Stockholders Stockholder may participate in such defense at its own cost and expense), (iii) no payment of Indemnified Liabilities shall be required to any the Stockholder prior to the Effective Time and (iv) each the Stockholder shall use its commercially reasonable efforts to assist in the defense of any such matter.

Appears in 2 contracts

Samples: Voting and Support Agreement (WildHorse Resource Development Corp), Voting and Support Agreement (Chesapeake Energy Corp)

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