No Settlements. Company shall not, and shall not permit any of its Subsidiaries to, settle any litigation (whether or not commenced prior to the date of this Agreement), other than settlements or compromises of litigation where the amount paid does not exceed $50,000 for any litigation matter or group of related matters (and provided that any such settlement or compromise does not involve any non-monetary obligations on the part of Company or any of its Subsidiaries).
Appears in 2 contracts
Sources: Merger Agreement (Hoenig Group Inc), Merger Agreement (Investment Technology Group Inc)