Common use of Defense of Indemnified Parties Clause in Contracts

Defense of Indemnified Parties. Upon demand by any Indemnified Party, Indemnitor shall defend any investigation, action or proceeding involving any Indemnified Costs which is brought or commenced against any Indemnified Party, whether alone or together with Indemnitor or any other person, all at Indemnitor's own cost and by counsel to be approved by the Indemnified Party in the exercise of its reasonable judgment. In the alternative, any Indemnified Party may elect to conduct its own defense at the expense of Indemnitor.

Appears in 2 contracts

Samples: Secured and Unsecured Indemnity Agreement (Prolong International Corp), Credit Agreement (Apartment Investment & Management Co)

AutoNDA by SimpleDocs

Defense of Indemnified Parties. Upon demand by any Indemnified Party, Indemnitor shall defend any investigation, action or proceeding involving any Indemnified Costs which is brought or commenced against any Indemnified Party, whether alone or together with Indemnitor or any other person, all at Indemnitor's ’s own cost and by counsel to be approved by the Indemnified Party in the exercise of its reasonable judgment. In the alternative, any Indemnified Party may elect to conduct its own defense at the expense of Indemnitor.

Appears in 1 contract

Samples: Assignment and Assumption (American Realty Capital Trust, Inc.)

Defense of Indemnified Parties. Upon demand by any an Indemnified Party, Indemnitor shall defend any investigation, action or proceeding involving any Indemnified Costs which is brought or commenced against any Indemnified Party, whether alone or together with Indemnitor or any other person, all at Indemnitor's own cost and by counsel to be approved by the Indemnified Party in the exercise of its reasonable judgment. In the alternative, any Indemnified Party may elect to conduct its own defense at the expense of Indemnitor.

Appears in 1 contract

Samples: Secured and Unsecured Indemnity Agreement (Prolong International Corp)

AutoNDA by SimpleDocs

Defense of Indemnified Parties. Upon demand by any Indemnified Party, Indemnitor shall defend any investigation, action or proceeding involving any Indemnified Costs which is brought or commenced against any Indemnified Party, whether alone or together with Indemnitor or any other in the person, all at Indemnitor's own cost and by counsel to be approved by the Indemnified Party in the exercise of its reasonable judgment. In the alternative, any Indemnified Party may elect to conduct its own defense at the reasonable expense of Indemnitor.

Appears in 1 contract

Samples: Indemnity Agreement (Newmark Homes Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.