Defense; Settlement. The applicable indemnifying party shall be entitled, at its option, to exercise sole control and authority over the defense and settlement of such action. The indemnifying party is not authorized to accept any settlement that does not provide the applicable indemnified party with a complete release or that imposes liability not covered by these indemnifications or places restrictions on the indemnified party or causes reputational harm to the indemnified party, in each case, without the prior written consent of the indemnified party.
Appears in 4 contracts
Samples: Authorized Participant Agreement (Franklin Templeton Holdings Trust), Authorized Participant Agreement (Franklin Templeton Digital Holdings Trust), Authorized Participant Agreement (Franklin Templeton Digital Holdings Trust)
