Certain Settlement Provisions. The Company shall have no obligation to indemnify the Covered Person under this Agreement for amounts paid in settlement of any action, suit or proceeding without the Company’s prior written consent, which shall not be unreasonably withheld. The Company shall not settle any action, suit or proceeding in any manner that would impose any fine or other obligation on the Covered Person without the Covered Person’s prior written consent, which shall not be unreasonably withheld.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Phoenix Residential Securities, LLC), Limited Liability Company Agreement (Residential Capital, LLC), Limited Liability Company Agreement (Residential Capital Corp)
