Common use of No Settlements Clause in Contracts

No Settlements. Neither the Company nor any Subsidiary or Affiliate of the Company shall enter into a settlement of any Proceeding that might result in the imposition of any Expense, penalty, limitation or any Other Liability or detriment on Indemnitee, whether indemnifiable under this Agreement or otherwise, without the written consent of Indemnitee, which consent to such proposed settlement shall not be unreasonably withheld or delayed.

Appears in 3 contracts

Sources: Indemnity Agreement (Hanmi Financial Corp), Indemnity Agreement (Hanmi Financial Corp), Indemnity Agreement (Verigy Pte. Ltd.)