Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 10 contracts
Sources: Registration Rights Agreement (American Assets Trust, Inc.), Assignment Agreement (American Assets Trust, Inc.), Merger Agreement (American Assets Trust, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 10 contracts
Sources: Shareholder Agreement, Shareholders Agreement (Tops Markets Ii Corp), Shareholders Agreement (Lantheus MI Intermediate, Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.01 or 2.9Section 4.02, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and, in the written opinion of counsel for the Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consentconsent (not to be unreasonably withheld), or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 9 contracts
Sources: Stock Purchase Agreement (RCN Corp /De/), Stock Purchase Agreement (RCN Corp /De/), Registration Rights Agreement (Hicks Thomas O)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 6(a), 6(b) or 2.96(c) hereof, such person Person (an the “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party Party, upon request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such the Indemnified Party, Party and shall assume pay the payment of all reasonable fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, other than solely by virtue of the Indemnified rights and obligations of the Indemnifying Party and the Indemnified PartyParty under this Section 6. It is understood that the Indemnifying Party shall not, in respect of the legal expenses of any Indemnified Party in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, indemnified parties and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such Such firm shall be designated in writing by (i) by, in the case of Persons parties indemnified pursuant to Section 2.8 hereof6(a), the Selling Holders which owned of a majority of the Registrable Securities sold under covered by the applicable registration statement and (iiRegistration Statement held by Holders that are indemnified parties pursuant to Section 6(a) and, in the case of Persons parties indemnified pursuant to Section 2.96(b) or Section 6(c), the CompanyTrustee. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, consent or if there be a final final, non-appealable judgment for the plaintiff, the Indemnifying Party shall agrees to indemnify and hold harmless such the Indemnified Parties Party from and against any loss or liability (to the extent stated above) Expenses by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out on claims that are the subject matter of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 9 contracts
Sources: Registration Rights Agreement (PermRock Royalty Trust), Registration Rights Agreement (Boaz Energy II, LLC), Registration Rights Agreement (PermRock Royalty Trust)
Conduct of Indemnification Proceedings. In case If any proceeding (including any investigation by any governmental investigationauthority) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 2.05 or 2.9Section 2.06, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees and expensesexpenses in connection therewith; provided, however, provided that the failure of any Indemnified Party to give such notice will so notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel; (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them; or (iii) the Indemnified Party and shall have reasonably concluded (based on the Indemnified advice of counsel) that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Party. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurredpromptly after receipt of an invoice setting forth such fees and expenses in reasonable detail. In the case of any such separate firm for the any Indemnified PartiesParty, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Party. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be is a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such each Indemnified Parties Party from and against any loss or liability Damages (to the extent stated aboveobligated herein) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the an Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 8 contracts
Sources: Registration Rights Agreement (Atlanta Braves Holdings, Inc.), Registration Rights Agreement (Liberty Media Corp), Registration Rights Agreement (Atlanta Braves Holdings, Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.5 or 2.92.6, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Indemnified Party of any obligations under Section 2.8 2.5 or 2.92.6, except to the extent such Indemnifying Indemnified Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.5 hereof, the Selling Holders which that owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.6, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 8 contracts
Sources: Registration Rights Agreement (Polymedix, Inc), Registration Rights Agreement (Welsh Property Trust, Inc.), Contribution Agreement (Welsh Property Trust, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 8 contracts
Sources: Stockholder Agreement, Stockholders’ Agreement (Papa Murphy's Holdings, Inc.), Stockholders’ Agreement (Papa Murphy's Holdings, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 8 contracts
Sources: Shareholder Agreement, Registration Rights Agreement (Schneider National, Inc.), Registration Rights Agreement (Arch Coal Inc)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 2.7 or 2.9Section 2.8, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them and, in all such cases, the Indemnified Indemnifying Party shall only be responsible for the reasonable fees and the Indemnified Partyexpenses of such counsel. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified PartiesParties not having actual or potential differing interests among them, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.7 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.8, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Loss (to the extent stated above) by reason of resulting from such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any and does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of liability by such the Indemnified Party.
Appears in 8 contracts
Sources: Contribution Agreement (STAG Industrial, Inc.), Contribution Agreement (STAG Industrial, Inc.), Contribution Agreement (STAG Industrial, Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “"Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss and all losses, claims, damages, liabilities and expenses or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 7 contracts
Sources: Investors' Agreement (Fisher Scientific International Inc), Investors' Agreement (Fisher Scientific International Inc), Investors' Agreement (Lee Thomas H Equity Fund Iii L P)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person (an “"Indemnified Party”") shall promptly notify the person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 6 contracts
Sources: Investors' Agreement (Bausch & Lomb Inc), Investors' Agreement (Insilco Holding Co), Stockholders Agreement (Manufacturers Services LTD)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.4 or 2.92.5, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under this Section 2.8 or 2.92, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.4 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.5, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 6 contracts
Sources: Registration Rights Agreement (JBG SMITH Properties), Registration Rights Agreement (JBG SMITH Properties), Master Transaction Agreement (JBG SMITH Properties)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to this Section 2.8 or 2.93.07, such person Person (an “"Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) the Indemnified Party that had the largest number of Registrable Common Shares included in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Companysuch registration. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 6 contracts
Sources: Shareholder Agreement (Winstar Communications Inc), Shareholder Agreement (Winstar Communications Inc), Shareholder Agreement (Winstar Communications Inc)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 6(f) or 2.96(g), such person Person (an the “Indemnified Party”) shall promptly notify the person Person against whom such indemnity Indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one two separate firm firms of attorneys (in addition to any local counsellegal counsel to such Indemnifying Party) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party Parties shall not be liable for any settlement of any proceeding effected without its written consent, consent (which consent shall not be unreasonably withheld), but if settled with such consent, or if there be by a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 6 contracts
Sources: Warrant (Brooke Corp), Warrant Agreement (Brooke Corp), Warrant Agreement (Brooke Corp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 2, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 5 contracts
Sources: Registration Rights Agreement (Gatos Silver, Inc.), Registration Rights Agreement (Sunshine Silver Mining & Refining Corp), Stock Issuance and Purchase Agreement (Uqm Technologies Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any investigation by any governmental investigationauthority) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 2.06 or 2.92.07, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurredpromptly after receipt of an invoice setting forth such fees and expenses in reasonable detail. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such each Indemnified Parties Party from and against any loss or liability Damages (to the extent stated aboveobligated herein) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the each affected Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any such Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 5 contracts
Sources: Registration Rights Agreement, Registration Rights Agreement (Coca-Cola Enterprises, Inc.), Registration Rights Agreement (Tribune Media Co)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.1 or 2.9Section 4.2, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and, in the written opinion of counsel for the Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consentconsent (not to be unreasonably withheld), or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 5 contracts
Sources: Registration Rights Agreement (Lsf3 Capital Investments I LLC), Registration Rights Agreement (Hicks Thomas O), Preferred Stock and Warrant Purchase Agreement (Icg Services Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving brought or asserted against any person Person in respect of which indemnity may be sought pursuant to Section 2.8 3.01 or 2.9, 3.02 such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable and documented fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Party and the Indemnified Indemnifying Party. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable and documented fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel per jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 5 contracts
Sources: Registration Rights Agreement (Fireman B.V.), Registration Rights Agreement (InflaRx N.V.), Registration Rights Agreement (Novo Nordisk a S)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Agreement, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 5 contracts
Sources: Registration Rights Agreement (STR Holdings (New) LLC), Registration Rights Agreement (STR Holdings LLC), Registration Rights Agreement (STR Holdings, Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “"Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially and actually prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss and all losses, claims, damages, liabilities and expenses or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 5 contracts
Sources: Stockholders Agreement (Cable Systems Holding LLC), Investors Agreement (Ipc Information Systems Inc), Investors Agreement (Ipc Information Systems Inc)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.4 or 2.92.5, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9this Article II, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.4 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.5, the CompanyAshford Prime. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested an Indemnifying Party to reimburse the Indemnified Party for fees and expenses of counsel as contemplated by the third sentence of this paragraph, the Indemnifying Party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than thirty (30) Business Days after receipt by such Indemnifying Party of the aforesaid request and (ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 5 contracts
Sources: Registration Rights Agreement (Ashford Hospitality Prime, Inc.), Registration Rights Agreement (Ashford Hospitality Trust Inc), Registration Rights Agreement (Ashford Hospitality Prime, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving brought or asserted against any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within 30 days of notice pursuant to this Section 3.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel per jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (A) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (B) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified PartyPerson.
Appears in 4 contracts
Sources: Registration Rights Agreement (Merus N.V.), Registration Rights Agreement (Gensight Biologics S.A.), Registration Rights Agreement (Merus B.V.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.5 or 2.92.6 hereof, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under this Section 2.8 or 2.92.7, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.5 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.6 hereof, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 4 contracts
Sources: Registration Rights Agreement (CoreSite Realty Corp), Registration Rights Agreement (CoreSite Realty Corp), Registration Rights Agreement (CoreSite Realty Corp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 1, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 4 contracts
Sources: Registration Rights Agreement (Dave & Buster's Entertainment, Inc.), Registration Rights Agreement (Dave & Buster's Entertainment, Inc.), Registration Rights Agreement (Dave & Buster's Entertainment, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any investigation by any governmental investigationauthority) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to this Section 2.8 or 2.92.6, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees and expenses; provided, however, provided that the failure of any Indemnified Party to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case promptly after receipt of any an invoice setting forth such separate firm for the Indemnified Parties, such firm shall be designated fees and expenses in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Companyreasonable detail. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be is a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such each Indemnified Parties Party from and against any loss or liability Damages (to the extent stated aboveobligated herein) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the each affected Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any such Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 4 contracts
Sources: Registration Rights Agreement, Registration Rights Agreement (WillScot Corp), Registration Rights Agreement (WillScot Corp)
Conduct of Indemnification Proceedings. In case If any proceeding Action (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 8 or 2.9Section 9, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will so notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such and only to the extent that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed in writing to the retention of such counsel or counsel, (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party shall have failed to assume the defense of such claim or to employ counsel reasonably satisfactory to the Indemnified Party, or (iii) in the reasonable judgment of such Indemnified Party representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred, in each case promptly after receipt of an invoice setting forth such fees and expenses in reasonable detail. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, Party (which consent shall not be unreasonably withheldwithheld or delayed), no Indemnifying Party shall effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 4 contracts
Sources: Registration and Investor Rights Agreement (Kestrel Group LTD), Combination Agreement (Maiden Holdings, Ltd.), Combination Agreement (Maiden Holdings, Ltd.)
Conduct of Indemnification Proceedings. Promptly after receipt by an Indemnified Party hereunder of written notice of the commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Article II, such Indemnified Party will, if a claim in respect thereof is to be made against an indemnifying party, give written notice to the latter of the commencement of such action; provided, that the failure of the Indemnified Party to give notice as provided herein shall not relieve the indemnifying party of its obligations under this Article II, except to the extent that the indemnifying party is materially prejudiced by such failure to give notice. In case any proceeding (including any governmental investigation) shall be instituted involving any person such action is brought against an Indemnified Party, unless in such Indemnified Party’s reasonable judgment a conflict of interest between such Indemnified Party and indemnifying parties may exist in respect of which indemnity may such claim, the indemnifying party will be sought pursuant entitled to Section 2.8 or 2.9, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) participate in writing and the Indemnifying Party shall to assume the defense thereof, including jointly with any other indemnifying party similarly notified to the employment of extent that it may wish, with counsel reasonably satisfactory to such Indemnified Party, and shall assume after notice from the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party indemnifying party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) of its election so to assume the Indemnifying Party and defense thereof, the indemnifying party will not be liable to such Indemnified Party shall have mutually agreed to the retention of such counsel for any legal or (ii) representation of the Indemnified Party other expenses subsequently incurred by the counsel retained by latter in connection with the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partydefense thereof other than reasonable costs of investigation. It is understood and agreed that the Indemnifying Party indemnifying person shall not, in connection with any proceeding or related proceedings proceeding in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any Any such separate firm (x) for the any Covered Person, its affiliates, directors and officers and any control persons of such Indemnified Parties, such firm Party shall be designated in writing by Medley Group, (iy) in all other cases shall be designated in writing by the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyBoard. The Indemnifying Party indemnifying person shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, consent or if there be a final judgment for the plaintiff, the Indemnifying indemnifying person agrees to indemnify each Indemnified Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party indemnifying person shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity indemnification could have been sought hereunder by such Indemnified Party, unless such settlement (A) includes an unconditional release of such Indemnified Party Party, in form and substance reasonably satisfactory to such Indemnified Party, from all liability arising out on claims that are the subject matter of such proceeding without and (B) does not include any statement as to or any admission of liability fault, culpability or a failure to act by such or on behalf of any Indemnified Party.
Appears in 4 contracts
Sources: Agreement and Plan of Merger (Sierra Income Corp), Agreement and Plan of Merger (Medley Management Inc.), Registration Rights Agreement (Medley Management Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving brought or asserted against any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within 30 days of notice pursuant to this Section 3.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel per jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (A) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (B) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified PartyPerson.
Appears in 4 contracts
Sources: Registration Rights Agreement (Sol-Gel Technologies Ltd.), Registration Rights Agreement, Registration Rights Agreement (Sol-Gel Technologies Ltd.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 4 contracts
Sources: Shareholders Agreement (SMART Modular Technologies (WWH), Inc.), Shareholders Agreement (SMART Modular Technologies (WWH), Inc.), Shareholders’ Agreement (SMART Modular Technologies (WWH), Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any investigation by any governmental investigationauthority) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 2.05 or 2.92.06, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel; (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them; or (iii) the Indemnified Party and shall have reasonably concluded (based on the Indemnified advice of counsel) that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Party. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurredpromptly after receipt of a invoice setting forth such fees and expenses in reasonable detail. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated aboveobligated herein) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 4 contracts
Sources: Investor Rights Agreement (vTv Therapeutics Inc.), Investor Rights Agreement (vTv Therapeutics Inc.), Investor Rights Agreement (Global Brass & Copper Holdings, Inc.)
Conduct of Indemnification Proceedings. In case any -------------------------------------- proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 Sections 2.6 or 2.92.7 hereof, such person (an “"Indemnified Party”") shall promptly notify the person against whom such indemnity may be sought (an “"Indemnifying Party”") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.6 hereof, by the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.7 hereof, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested an Indemnifying Party to reimburse the Indemnified Party for fees and expenses of counsel as contemplated by the third sentence of this paragraph, the Indemnifying Party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than thirty (30) Business Days after receipt by such Indemnifying Party of the aforesaid request and (ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 4 contracts
Sources: Registration Rights Agreement (Kilroy Realty Corp), Registration Rights Agreement (Kilroy Realty Corp), Registration Rights Agreement (Kilroy Realty Corp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this ARTICLE 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within 30 days of notice pursuant to this Section 3.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (A) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (B) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified PartyPerson.
Appears in 3 contracts
Sources: Registration Rights Agreement (Williams Opportunity Fund LLC), Registration Rights Agreement (Preferred Apartment Communities Inc), Registration Rights Agreement (Preferred Apartment Communities Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article IV, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within thirty (30) days of notice pursuant to this Section 4.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall (such consent not to be unreasonably withheld), but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (x) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (y) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified Party.
Appears in 3 contracts
Sources: Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.), Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.), Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.)
Conduct of Indemnification Proceedings. In case Any Person entitled to indemnification hereunder (the "INDEMNIFIED PARTY") agrees to give prompt written notice to the indemnifying party (the "INDEMNIFYING PARTY") after the receipt by the Indemnified Party of any written notice of the commencement of any action, suit, proceeding (including any governmental investigation) shall be instituted involving any person or investigation or threat thereof made in respect of writing for which indemnity may be sought the Indemnified Party intends to claim indemnification or contribution pursuant to Section 2.8 or 2.9this Agreement; provided, such person (an “Indemnified Party”) shall promptly that, the failure so to notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall not relieve the Indemnifying Party of any liability that it may have to the Indemnified Party hereunder. If notice of commencement of any such action is given to the Indemnifying Party as above provided, the Indemnifying Party shall be entitled to participate in and, to the extent it may wish, jointly with any other Indemnifying Party similarly notified, to assume the defense thereofof such action at its own expense, including the employment of with counsel reasonably chosen by it and satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any The Indemnified Party shall have the right to retain its own counselemploy separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel (other than reasonable costs of investi gation) shall be at paid by the expense of such Indemnified Party unless (i) the Indemnifying Party and agrees to pay the same, (ii) the Indemnifying Party fails to assume the defense of such action with counsel satisfactory to the Indemnified Party shall in its reasonable judgment, (iii) the named parties to any such action (including any impleaded parties) have mutually agreed to the retention of been advised by such counsel or that either (iiA) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the such Indemnified Party and the Indemnified Indemnifying Party by the same counsel would be inappropriate under applicable standards of professional conduct or (B) there may be one or more legal defenses available to it which are different from or additional to those available to the Indemnifying Party. It is understood ; provided, however, that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in only have to pay the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time counsel for all such Indemnified PartiesParties in each jurisdiction, and that except to the extent representation of all such fees and expenses shall be reimbursed as they are incurredIndemnified Parties by the same counsel is inappropriate under applicable standards of professional conduct. In either of such cases the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not have the right to assume the defense of such action on behalf of such Indemnified Party. No Indemnifying Party shall be liable for any settlement of any proceeding effected entered into without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which effect the settlement or compromise of, or consent shall not be unreasonably withheldto the entry of any judgment with respect to, effect any settlement of any pending or threatened proceeding action or claim in respect of which any indemnification or contribution may be sought hereunder (whether or not the Indemnified Party is an actual or could have been a potential party and indemnity could have been sought hereunder by to such Indemnified Party, action or claim) unless such settlement settlement, compromise or judgment (A) includes an unconditional release of such the Indemnified Party from all liability arising out of such proceeding without any action or claim and (B) does not include a statement as to or an admission of liability fault, culpability or a failure to act, by or on behalf of any Indemnified Party. The rights accorded to any Indemnified Party hereunder shall be in addition to any rights that such Indemnified PartyParty may have at common law, by separate agreement or otherwise.
Appears in 3 contracts
Sources: Registration Rights Agreement (Terfin International LTD), Registration Rights Agreement (Teribe LTD/Three Cities Holdings LTD), Registration Rights Agreement (Three Cities Fund Ii Lp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving brought or asserted against any person Person in respect of which indemnity may be sought pursuant to Section 2.8 3.06 or 2.93.07, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable and documented fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel counsel, or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable and documented fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel per jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Registration Rights Agreement, Registration Rights Agreement (Markit Ltd.), Registration Rights Agreement (Markit Ltd.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”"INDEMNIFIED PARTY") shall promptly notify the person Person against whom such indemnity may be sought (an “Indemnifying Party”the "INDEMNIFYING PARTY") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Shareholders' Agreement (Amis Holdings Inc), Shareholder Agreement (Amis Holdings Inc), Shareholder Agreement (Amis Holdings Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 2, such person Person (an “"Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Registration Rights Agreement, Registration Rights Agreement (McLeodUSA Holdings Inc), Registration Rights Agreement (McLeodusa Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving brought or asserted against any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within 60 days of notice pursuant to this Section 3.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel per jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (A) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (B) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified PartyPerson.
Appears in 3 contracts
Sources: Registration Rights Agreement (AC Immune SA), Registration Rights Agreement (AC Immune SA), Registration Rights Agreement (Auris Medical Holding AG)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 2, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Registration Rights Agreement (SMART Modular Technologies (DE), Inc.), Registration Rights Agreement (Leonid & Inna Mezhvinsky as Trustees of the Revocable Trust Agreement of Leonid Mezhvinsky & Inna Mezhvinsky, Dated April 26, 1988), Registration Rights Agreement (Ultra Clean Holdings Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Indemnified Party in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9Articles II, III and Sections 4.08, 4.09 and 4.10, such person (an “Indemnified Party”) Party shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (a) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any proceeding, (b) does not contain a statement about or an admission of liability fault, culpability or failure to act by or on behalf of such Indemnified PartyParty and (c) does not commit such Indemnified Party to take, or hold back from taking, any action.
Appears in 3 contracts
Sources: Registration Rights Agreement (WideOpenWest, Inc.), Registration Rights Agreement (WideOpenWest, Inc.), Registration Rights Agreement (PSAV, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigationinvestigation by any Governmental Authority) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 2.6 or 2.92.7, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees and expenses; provided, however, that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurredpromptly after receipt of an invoice setting forth such fees and expenses in reasonable detail. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such each Indemnified Parties Party from and against any loss or liability Damages (to the extent stated aboveobligated herein) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the each affected Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any such Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Stockholders Agreement (Northwestern Mutual Life Insurance Co), Stockholders Agreement (Mackay Shields LLC), Stockholders Agreement (D. E. Shaw Galvanic Portfolios, L.L.C.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”"INDEMNIFIED PARTY") shall promptly notify the person Person against whom such indemnity may be sought (an “Indemnifying Party”the "INDEMNIFYING PARTY") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, PROVIDED that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Investors' Agreement (Audio International Inc), Investors' Agreement (Decrane Aircraft Holdings Inc), Investors' Agreement (Decrane Aircraft Holdings Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 2, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own separate counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel at its expense or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Companythem. The Indemnifying Party shall not be liable for any settlement of any proceeding claim effected without its written consent, which consent shall not be unreasonably withheldwithheld or delayed, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability all indemnified Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding claim in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Registration Rights Agreement (Universal American Financial Corp), Registration Rights Agreement (Perry Corp), Registration Rights Agreement (Welsh Carson Anderson & Stowe Ix Lp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving brought or asserted against any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.01 or 2.94.02, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable and documented fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable and documented fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel per jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.stated
Appears in 3 contracts
Sources: Subscription Agreement, Subscription Agreement (Biotie Therapies Corp.), Registration Rights Agreement (Biotie Therapies Corp.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.01 or 2.9Section 4.02, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and, in the written opinion of counsel for the Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, Indemnified Parties with the Selling Holders which owned a majority approval of the Registrable Securities sold under the applicable registration statement and Indemnifying Party (ii) in the case of Persons indemnified pursuant to Section 2.9, the Companywhich approval shall not be unreasonably withheld). The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consentconsent (not to be unreasonably withheld), or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 3 contracts
Sources: Stock Purchase Agreement (Softnet Systems Inc), Registration Rights Agreement (Madison Investors Corp), Registration Rights Agreement (Independence Holding Co)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article II, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Shareholders’ Equity Agreement (Thomas Weisel Partners Group, Inc.), Partnership Agreement (Thomas Weisel Partners Group, Inc.), Partners’ Equity Agreement (Thomas Weisel Partners Group, Inc.)
Conduct of Indemnification Proceedings. In case any action or proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 5.6 or 2.95.7, such person Person (an “"Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such action or proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any action or proceeding or related actions or proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any action proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Loss (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened action or proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyaction or proceeding.
Appears in 3 contracts
Sources: Shareholder Agreement (American Italian Pasta Co), Shareholder Agreement (American Italian Pasta Co), Shareholders' Agreement (American Italian Pasta Co)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under this Section 2.8 or 2.92, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 3 contracts
Sources: Registration Rights Agreement (Hudson Pacific Properties, Inc.), Registration Rights Agreement (Hudson Pacific Properties, Inc.), Registration Rights Agreement (Hudson Pacific Properties, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article IV, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within thirty (30) days of notice pursuant to this Section 4.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related -32- SC1:3469153.8 proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall (such consent not to be unreasonably withheld), but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (x) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (y) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified Party.
Appears in 3 contracts
Sources: Resale and Registration Rights Agreement, Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.), Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.1 or 2.9Section 4.2, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall will not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 3 contracts
Sources: Registration Rights Agreement (Commonwealth Telephone Enterprises Inc /New/), Registration Rights Agreement (Level 3 Delaware Holdings Inc), Registration Rights Agreement (Kiewit Telecom Holdings Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigationinvestigation by any Governmental Authority) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.06 or 2.94.07, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees and expenses; provided, however, provided that the failure of any Indemnified Party to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Shareholder Agreement (MRC Global Inc.), Purchase Agreement (MRC Global Inc.), Shareholder Agreement
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, plaintiff the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Securityholders' Agreement, Securityholders’ Agreement (MagnaChip Semiconductor CORP), Securityholders’ Agreement (MagnaChip Semiconductor LTD (United Kingdom))
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.4 or 2.92.5, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 2.4 or 2.92.5, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.4 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.5, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 3 contracts
Sources: Registration Rights Agreement (Rexford Industrial Realty, Inc.), Registration Rights Agreement (Rexford Industrial Realty, Inc.), Registration Rights Agreement (Rexford Industrial Realty, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 6, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 3 contracts
Sources: Shareholder Agreement (Warner Chilcott CORP), Management Shareholders Agreement (Warner Chilcott CORP), Shareholder Agreement (Generac Holdings Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 2, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without and does not include any admission statement of liability by such culpability on the part of the Indemnified Party.
Appears in 2 contracts
Sources: Registration Rights Agreement (Safety-Kleen, Inc), Registration Rights Agreement (Safety-Kleen, Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within 30 days of notice pursuant to this Section 3.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (i) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (ii) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified PartyPerson.
Appears in 2 contracts
Sources: Master Modification Agreement (Behringer Harvard Reit I Inc), Registration Rights Agreement (Behringer Harvard Reit I Inc)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.1 or 2.9Section 4.2, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 2 contracts
Sources: Registration Rights Agreement (RCN Corp /De/), Registration Rights Agreement (RCN Corp /De/)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article IV, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party and in the opinion of counsel to such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Stockholders Agreement (Lazard Group LLC), Stockholders' Agreement (Lazard LTD)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.01 or 2.9Section 4.02 hereof, such person Person (an “Indemnified Party”the INDEMNIFIED PARTY) shall promptly notify the person Person against whom such indemnity may be sought (an “Indemnifying Party”the INDEMNIFYING PARTY) in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and, in the written opinion of counsel for the Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consentconsent (not to be unreasonably withheld), or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Signature Eyewear Inc), Stock Purchase Agreement (Signature Eyewear Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel at its expense or (ii) in the reasonable judgment of outside counsel to such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such the Indemnified PartiesParty, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheldwithheld or delayed, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such the Indemnified Parties Party from and against any loss or liability all indemnified Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any the Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Stockholder Agreement (Viasystems Group Inc), Stockholder Agreement (Viasystems Group Inc)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9either of the two preceding paragraphs, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the writing, but failure so to notify an Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of from any obligations under Section 2.8 or 2.9, except liability hereunder to the extent such it is not materially prejudiced as a result thereof. The Indemnifying Party, upon request of the Indemnified Party, shall retain counsel satisfactory to the Indemnified Party to represent the Indemnified Party and any others the Indemnifying Party is materially prejudiced by may designate in such failureproceeding and shall pay the fees and disbursements of such counsel related to such proceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of to such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, or (iii) the Indemnifying Party shall not have employed counsel satisfactory to the Indemnified Party and to represent the Indemnified PartyParty within a reasonable time after notice of commencement of the action. It is understood that the Indemnifying Party shall not, in respect of the legal expenses of any Indemnified Party in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all indemnified parties under Section 5(a) or 5(b) hereof who are parties to such Indemnified Partiesproceeding or proceedings, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, consent or if there be a final judgment for the plaintiff, the Indemnifying Party shall agrees to indemnify and hold harmless such the Indemnified Parties Party from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested an Indemnifying Party to reimburse the Indemnified Party for fees and expenses of counsel as contemplated by the second and third sentences of this paragraph, such Indemnifying Party agrees that it shall be liable for any settlements of any proceeding effected without its written consent if (i) such settlement is entered into more than 45 days after receipt by such Indemnifying Party of the aforesaid request and (ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out on claims that are the subject matter of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Stock Purchase Agreement (World Access Inc), Stock Purchase Agreement (World Access Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Shareholder Agreement (Lionbridge Technologies Inc /De/), Shareholder Agreement (Bowne & Co Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 7, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Stockholders Agreement (INC Research Holdings, Inc.), Stockholders Agreement (INC Research Holdings, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigationinvestigation by any Governmental Authority) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 5.05 or 2.95.06, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel counsel, or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Investor Rights Agreement, Investor Rights Agreement (Foundation Medicine, Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person (an “"Indemnified Party”") shall promptly notify the person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.are
Appears in 2 contracts
Sources: Investors' Agreement (Charles River Laboratories Holdings Inc), Investors' Agreement (Charles River Laboratories Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Indemnified Party in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9Articles II and III, such person (an “Indemnified Party”) Party shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (a) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any proceeding, (b) does not contain a statement about or an admission of liability fault, culpability or failure to act by or on behalf of such Indemnified PartyParty and (c) does not commit such Indemnified Party to take, or hold back from taking, any action.
Appears in 2 contracts
Sources: Registration Rights Agreement (NCS Multistage Holdings, Inc.), Registration Rights Agreement (NCS Multistage Holdings, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving brought or asserted against any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within a reasonable time of notice pursuant to this Section 3.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel per jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurredwithin 30 days of the date on which the Indemnifying Party receives an invoice for such fees and expenses. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case Indemnified Parties. If the Indemnifying Party shall have promptly assumed the defense of Persons indemnified pursuant to Section 2.8 hereofany such proceeding, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding thereof effected without its written consent, which consent shall not be unreasonably withheld, but if . If any such proceeding is settled with such consentthe consent of the Indemnifying Party, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (A) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (B) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified PartyPerson.
Appears in 2 contracts
Sources: Registration Rights Agreement, Registration Rights Agreement (Arrowhead Research Corp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed agreed, in writing, to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within thirty (30) days of notice pursuant to this Section 3.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (a) includes an unconditional release of such Indemnified Party from all liability liabilities and obligations arising out of such proceeding without proceeding, (b) does not include any injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified Party, and (c) does not include a statement as to or an admission of liability fault, culpability or failure to act by or on behalf of such Indemnified Party.
Appears in 2 contracts
Sources: Registration Rights Agreement (RCS Capital Corp), Registration Rights Agreement (RCS Capital Corp)
Conduct of Indemnification Proceedings. In case (a) If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this ARTICLE III, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable and documented fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel; (ii) representation of the Indemnifying Party has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Party; (iii) the Indemnified Party by shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the counsel retained by Indemnifying Party; or (iv) the named parties to any such proceeding (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in respect of the legal expenses of any Indemnified Party in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, Parties and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated nominated in writing by the Indemnified Parties.
(ib) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested an Indemnifying Party shallto reimburse the Indemnified Party for fees and expenses of counsel as contemplated by Section 3.8(a), the Indemnifying Party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 30 days after receipt by such Indemnifying Party of the aforesaid request and (ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement. Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (x) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any and (y) does not include a statement as to or an admission of liability fault, culpability or a failure to act, by such or on behalf of any Indemnified Party.
Appears in 2 contracts
Sources: Investor Rights Agreement (Algoma Steel Group Inc.), Investor Rights Agreement (Algoma Steel Group Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Annex A, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Investor Rights Agreement (KE Holdings Inc.), Investor Rights Agreement (KE Holdings Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 6 or 2.97, such person (an “the "Indemnified Party”") shall promptly notify the person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party, upon the request of the Indemnified Party shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure expenses of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party shall have failed within a reasonable time after having been notified by the Indemnified Party of the existence of such claim as provided in the preceding sentence; (ii) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (iiiii) representation of such Indemnified Party shall have been advised in writing by his or its legal counsel that there may be one or more legal defenses available to the Indemnified Party by the counsel retained by assertion of which would be materially adverse to the interests of the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate law firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurredoccur. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of or any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there shall be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, shall settle any action or claim without the prior written consent of the Indemnified Party, which consent shall Party if such settlement (i) does not be unreasonably withheld, effect any settlement provide for a full release of any pending or threatened proceeding in respect of which any the Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such (ii) would adversely effect the Indemnified Party.
Appears in 2 contracts
Sources: Registration Rights Agreement (Brady Patrick D), Registration Rights Agreement (Stanton Eric)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall have the right to assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel counsel, or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Shareholder Agreement (Reliant Software, Inc.), Shareholder Agreement (Community Choice Financial Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.01 or 2.94.2, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party would and representation of both parties by the same counsel would, in the opinion of counsel reasonably acceptable to the Indemnifying Party, be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 2 contracts
Sources: Investment Agreement (Morgan Stanley Dean Witter Discover & Co), Investment Agreement (Catalytica Inc)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.01 or 2.9Section 4.02, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all reasonable fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and, in the written opinion of counsel for the Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consentconsent (not to be unreasonably withheld), or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 2 contracts
Sources: Registration Rights Agreement (Hicks Thomas O), Securities Purchase Agreement (Viatel Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Indemnified Party in respect of which indemnity may be sought pursuant to Section 2.8 or 2.94.01 through Section 4.12, such person (an “Indemnified Party”) Party shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Shareholder Agreement (Avista Capital Partners III GP, L.P.), Shareholders Agreement (Osmotica Pharmaceuticals PLC)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.5 or 2.92.6, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Indemnified Party of any obligations under Section 2.8 or 2.9this Article II, except to the extent such Indemnifying Indemnified Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.5 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.6, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (Silver Bay Realty Trust Corp.), Registration Rights Agreement (Silver Bay Realty Trust Corp.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 3.7 or 2.9Section 3.8, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them and, in all such cases, the Indemnified Indemnifying Party shall only be responsible for the reasonable fees and the Indemnified Partyexpenses of such counsel. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified PartiesParties not having actual or potential differing interests among them, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 3.7 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.93.8, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Loss (to the extent stated above) by reason of resulting from such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any and does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of liability by such the Indemnified Party.
Appears in 2 contracts
Sources: Contribution Agreement (STAG Industrial, Inc.), Contribution Agreement (STAG Industrial, Inc.)
Conduct of Indemnification Proceedings. In case Any Person entitled to indemnification hereunder (the "Indemnified Party") agrees to give prompt written notice to the indemnifying party (the "Indemnifying Party") after the receipt by the Indemnified Party of any proceeding (including written notice of the commencement of any governmental investigation) shall be instituted involving any person action, suit, proceeding, or investigation or threat thereof made in respect of writing for which indemnity may be sought the Indemnified Party intends to claim indemnification or contribution pursuant to Section 2.8 or 2.9, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expensesthis Agreement; provided, however, that the failure of any Indemnified so to notify the Indemnifying Party to give such notice will shall not relieve such the Indemnifying Party of any obligations under Section 2.8 or 2.9, except liability that it may have to the extent Indemnified Party hereunder unless such Indemnifying Party is materially prejudiced by such failure. In If notice of commencement of any such proceedingaction is given to the Indemnifying Party as above provided, the Indemnifying Party shall be entitled to participate in and, to the extent it may wish, jointly with any other Indemnifying Party similarly notified, to assume the defense of such action at its own expense, with counsel chosen by it and reasonably satisfactory to such Indemnified Party. The Indemnified Party shall have the right to retain its own counselemploy separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be at paid by the expense of such Indemnified Party unless (i) the Indemnifying Party and agrees to pay the same, (ii) the Indemnifying Party fails to assume the defense of such action with counsel satisfactory to the Indemnified Party shall have mutually agreed in its reasonable judgment, or (iii) the named parties to any such action (including, but not limited to, any impleaded parties) reasonably believe that the retention representation of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood Indemnifying Party by the same counsel would be inappropriate under applicable standards of professional conduct; provided, however, that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in only have to pay the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time counsel for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurredParties in each jurisdiction. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and clauses (ii) in the case of Persons indemnified pursuant to Section 2.9and (iii) above, the Company. The Indemnifying Party shall not have the right to assume the defense of such action on behalf of such Indemnified Party. No Indemnifying Party shall be liable for any settlement of any proceeding effected entered into without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which effect the settlement or compromise of, or consent shall not be unreasonably withheldto the entry of any judgment with respect to, effect any settlement of any pending or threatened proceeding action or claim in respect of which any indemnification or contribution may be sought hereunder (whether or not the Indemnified Party is an actual or could have been a potential party and indemnity could have been sought hereunder by to such Indemnified Party, action or claim) unless such settlement settlement, compromise, or judgment (A) includes an unconditional release of such the Indemnified Party from all liability arising out of such proceeding without action or claim and (B) does not include a statement as to, or an admission of, fault, culpability, or a failure to act by or on behalf of any admission of liability by Indemnified Party. The rights afforded to any Indemnified Party hereunder shall be in addition to any rights that such Indemnified PartyParty may have at common law, by separate agreement, or otherwise.
Appears in 2 contracts
Sources: Registration Rights Agreement (American Banknote Corp), Registration Rights Agreement (Hicks Thomas O)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person (an “Indemnified Party”"INDEMNIFIED PARTY") shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”the "INDEMNIFYING PARTY") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, PROVIDED that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Investors' Agreement (Charles River Laboratories International Inc), Investors' Agreement (Merrill Corp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Annex C, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Shareholders Agreement (MINISO Group Holding LTD), Shareholders Agreement (MINISO Group Holding LTD)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.5 or 2.92.6, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Indemnified Party of any obligations under Section 2.8 2.5 or 2.92.6, except to the extent such Indemnifying Indemnified Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.5 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement Holder, and (ii) in the case of Persons indemnified pursuant to Section 2.92.6, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, delayed or conditioned, consent to any entry of judgment or effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Agreement (Motif Bio PLC), Registration Agreement (Celsion CORP)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 2, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 2 contracts
Sources: Registration Rights Agreement (Ultra Clean Holdings Inc), Registration Rights Agreement (Ultra Clean Holdings Inc)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 4.01 or 2.94.02, such person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 2 contracts
Sources: Registration Rights Agreement (James River Corp of Virginia), Registration Rights Agreement (Fort James Corp)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental govern- mental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 5.01 or 2.9Section 5.02, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and, in the written opinion of counsel for the Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consentconsent (not to be unreasonably withheld), or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 2 contracts
Sources: Registration Rights Agreement (Icg Services Inc), Registration Rights Agreement (Icg Services Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving brought or asserted against any person Person in respect of which indemnity may be sought pursuant to Section 2.8 4.01 or 2.94.02, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable and documented fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable and documented fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel per jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (Verona Pharma PLC), Registration Rights Agreement (Verona Pharma PLC)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or counsel, (iib) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those available to the Indemnified Indemnifying Party, or (c) the Indemnifying Party and shall have failed to assume the Indemnified Partydefense within 30 days of notice pursuant to this Section 3.03. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (A) includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without proceeding, and (B) does not include any admission of liability by injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified PartyPerson.
Appears in 2 contracts
Sources: Registration Rights Agreement (RCS Capital Corp), Registration Rights Agreement (RCS Capital Corp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this ARTICLE 4, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Stockholders Agreement (TriVascular Technologies, Inc.), Stockholders Agreement (TriVascular Technologies, Inc.)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which proceeding indemnity may be sought pursuant to Section 2.8 or 2.9this Article 2, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such and only to the extent that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (ia) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (iib) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any one separate firm of local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (ALTERRA CAPITAL HOLDINGS LTD), Agreement and Plan of Amalgamation (Max Capital Group Ltd.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.4 or 2.92.5, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9this Article II, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.4 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.5, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (enCore Energy Corp.), Share Purchase Agreement (enCore Energy Corp.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.4 or 2.92.5, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Indemnified Party of any obligations under Section 2.8 or 2.9this Article II, except to the extent such Indemnifying Indemnified Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.4 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.5, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (Silver Bay Realty Trust Corp.), Registration Rights Agreement (Silver Bay Realty Trust Corp.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.4 or 2.92.5, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9this Article II, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.4 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.5, the CompanyNREF. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (NexPoint Real Estate Finance, Inc.), Registration Rights Agreement (NexPoint Real Estate Finance, Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 4, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Stockholders' Agreement (Nptest Holding Corp), Shareholder Agreement (Nptest Holding Corp)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to this Article II (other than Section 2.8 or 2.92.06(b) and the second sentence of Section 2.07), such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party to give such notice will so notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such and only to the extent that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counselcounsel separate from counsel selected by the Indemnifying Party, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party by the counsel retained by and the Indemnifying Party by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any an admission of liability by fault for any matters in connection with such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (ARAMARK Holdings Corp), Registration Rights Agreement (ARAMARK Holdings Corp)
Conduct of Indemnification Proceedings. In case any proceeding -------------------------------------- (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 8 or 2.99, such person (an “the "Indemnified Party”") shall promptly notify the person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such represent the Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall pay the fees and disbursements of any obligations under Section 2.8 or 2.9, except such counsel related to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in respect of the legal expenses of any Indemnified Party in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such the Indemnified PartiesParty, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified PartiesParty, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Party. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall agrees to indemnify and hold harmless such the Indemnified Parties Party from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested an Indemnifying Party to reimburse the Indemnified Party for fees and expenses of counsel as contemplated by the second and third sentences of this Section 10, the Indemnifying Party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 30 Business Days after receipt by such Indemnifying Party of the aforesaid request and (ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out on claims that are the subject matter of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Warrant Purchase Agreement (Oracle Corp /De/), Warrant Purchase Agreement (Oracle Corp /De/)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 3, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall have the right to participate in such proceeding and, to the extent the Indemnifying Party so desires, participate jointly with any other Indemnifying Party to which notice has been given, and to assume the defense thereof, including the employment of with counsel mutually reasonably satisfactory to such Indemnified Party, and the Indemnifying Party shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such and only to the extent that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any one local counselcounsel in each relevant jurisdiction) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Shareholder Agreement, Shareholder Agreement
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.4 or 2.92.5, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9this Article II, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.4 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.5, the CompanyNXRT. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested an Indemnifying Party to reimburse the Indemnified Party for fees and expenses of counsel as contemplated by the third sentence of this paragraph, the Indemnifying Party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 30 Business Days after receipt by such Indemnifying Party of the aforesaid request and (ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (NexPoint Residential Trust, Inc.), Registration Rights Agreement (NexPoint Residential Trust, Inc.)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”"INDEMNIFIED PARTY") shall promptly notify the person Person against whom such indemnity may be sought (an “Indemnifying Party”the "INDEMNIFYING PARTY") in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss and all losses, claims, damages, liabilities and expenses or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Investors' Agreement (Apollo Investment Fund Iii Lp), Investors' Agreement (Doane Pet Care Co)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 5.01 or 2.9Section 5.02, such person Person (an “the "Indemnified Party”") shall promptly notify the person Person against whom such indemnity may be sought (an “the "Indemnifying Party”") in writing and the Indemnifying Party Party, upon the request of the Indemnified Party, shall assume the defense thereof, including the employment of retain counsel reasonably satisfactory to such Indemnified Party, Party to represent such Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall assume pay the payment of all fees and expenses; provided, however, that the failure disbursements of any Indemnified Party such counsel related to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9, except to the extent such Indemnifying Party is materially prejudiced by such failureproceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall will not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party.
Appears in 2 contracts
Sources: Shelf Registration Agreement (Level 3 Delaware Holdings Inc), Shelf Registration Agreement (Commonwealth Telephone Enterprises Inc /New/)
Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 2.8 2.4 or 2.92.5, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under Section 2.8 or 2.9this Article II, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) representation of the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party by the counsel retained by and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 2.4 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.92.5, the Company. Ashford Inc. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested an Indemnifying Party to reimburse the Indemnified Party for fees and expenses of counsel as contemplated by the third sentence of this paragraph, the Indemnifying Party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than thirty (30) Business Days after receipt by such Indemnifying Party of the aforesaid request and (ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Registration Rights Agreement (Ashford Inc), Registration Rights Agreement (Ashford Inc)
Conduct of Indemnification Proceedings. In case If any proceeding (including any governmental investigation) shall be instituted involving any person Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9this Article 5, such person Person (an “Indemnified Party”) shall promptly notify the person Person against whom such indemnity may be sought (an the “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided, however, provided that the failure of any Indemnified Party so to give such notice will notify the Indemnifying Party shall not relieve such the Indemnifying Party of any its obligations under Section 2.8 or 2.9, hereunder except to the extent such that the Indemnifying Party is materially prejudiced by such failurefailure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party, representation of the Indemnified Party both parties by the same counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and the Indemnified Partythem. It is understood that the Indemnifying Party shall notthat, in connection with any proceeding or related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the CompanyIndemnified Parties. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any loss or liability Damages (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without Without the prior written consent of the Indemnified Party, which consent no Indemnifying Party shall not be unreasonably withheld, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Partyproceeding.
Appears in 2 contracts
Sources: Stockholders' Agreement (Corsair Capital LLC), Stockholders Agreement (NewStar Financial, Inc.)