Common use of Counterclaim Clause in Contracts

Counterclaim. If the facts giving rise to indemnification hereunder shall involve a possible claim by the Indemnified Party against a third party, the Indemnified Party shall have the right, at its own cost and expense, to undertake the prosecution, compromise, and settlement of such claim.

Appears in 2 contracts

Sources: Joint Investment Agreement (Orion Newco Services Inc), Tt&c Earth Station Agreement (Orion Newco Services Inc)

Counterclaim. If the facts giving rise to indemnification hereunder shall involve a possible claim by the Indemnified Party against a third party, the Indemnified Party shall have the right, at its own cost and expense, expense to undertake the prosecution, compromise, and settlement of such claim.

Appears in 2 contracts

Sources: Contract (CSC Holdings Inc), Contract (Cablevision Systems Corp /Ny)