Common use of Conduct of Certain Actions; Costs Clause in Contracts

Conduct of Certain Actions; Costs. The Party initiating suit or other appropriate action or taking over continuance of such a suit or action pursuant to Section 5.3(c) shall have the sole and exclusive right to select counsel therefor. If required under applicable Law in order for the initiating Party to initiate and/or maintain any such suit, the other Party shall join as a party to the suit. Such other Party shall offer reasonable assistance to the initiating Party in connection therewith at no charge to the initiating Party except for reimbursement of reasonable out-of-pocket expenses incurred in rendering such assistance. The initiating Party shall assume and pay all of its own out-of-pocket costs incurred in connection with any litigation or proceedings initiated by it pursuant to Section 5.3(b) or 5.3(c), including the fees and expenses of the counsel selected by it. The other Party shall have the right to participate and be represented in any such suit by its own counsel at its own expense. The initiating Party shall keep the other Party reasonably informed of the progress of any legal action it initiates or conducts pursuant to Section 5.3(b) or 5.3(c).

Appears in 3 contracts

Samples: Agreement Concerning Glucokinase Activator Project (vTv Therapeutics Inc.), Agreement Concerning Glucokinase (vTv Therapeutics Inc.), Agreement Concerning Glucokinase (vTv Therapeutics Inc.)

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Conduct of Certain Actions; Costs. The Party initiating suit or other appropriate action or taking over continuance of such a suit or action pursuant to Section 5.3(c) shall will have the sole and exclusive right to select counsel thereforfor any suit initiated by it pursuant to Section 9.3(b) or 9.3(c). If required under applicable Law in order for the initiating Party to initiate and/or maintain any such suit, the other Party shall will join as a party to the suit. Such other Party shall will offer reasonable assistance to the initiating Party in connection therewith at no charge to the initiating Party except for reimbursement of reasonable out-of-pocket expenses incurred in rendering such assistance. The initiating Party shall will assume and pay all of its own out-of-pocket costs incurred in connection with any litigation or proceedings initiated by it pursuant to Section 5.3(bSections 9.3(b) or 5.3(cand 9.3(c), including the fees and expenses of the counsel selected by it. The other Party shall will have the right to participate and be represented in any such suit by its own counsel at its own expense. The initiating Neither Party shall keep will settle or compromise any suit or action without the consent of the other Party reasonably informed of the progress of any legal action it initiates or conducts pursuant to Section 5.3(b) or 5.3(c)Party, which consent will not be unreasonably withheld.

Appears in 1 contract

Samples: License, Development and Commercialization Agreement (Millennium Pharmaceuticals Inc)

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