SETTLEMENT; CONTRIBUTION Sample Clauses

SETTLEMENT; CONTRIBUTION. The indemnifying party shall not be liable under this Agreement for any settlement made by an indemnified party without the indemnifying party's prior written consent, and the indemnifying party agrees to indemnify and hold harmless any indemnified party from and against any loss or liability by reason of the settlement of any claim or action with the consent of the indemnifying party. The indemnifying party shall not settle any such claim or action without prior written consent of the indemnified party. If the foregoing indemnifications should, for reasons of public policy, not be available to any indemnified party, then the indemnifying party will contribute to the amount paid or payable by the indemnified party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party on the one hand and such indemnified party on the other arising out of the matters contemplated by this Agreement.
Sample 1Sample 2Sample 3See All (16)
AutoNDA by SimpleDocs
SETTLEMENT; CONTRIBUTION. In consideration of the mutual promises, agreements, and understandings contained herein, Defendants agree to pay to the Xxxxxxxx Plaintiffs the total sum of Six Million Two-Hundred Thousand Dollars ($6,200,000) (hereinafter “Settlement Contribution”). Of this amount, the City shall contribute Two Million Sixty-Six Thousand Six Hundred Sixty-Seven Dollars ($2,066,667), which shall be paid by the City’s liability insurers. Universal shall contribute One Million Two Hundred Fifty Thousand Dollars ($1,250,000) and Treeline shall contribute Two Million Eight Hundred Eighty-Three Thousand Three Hundred Thirty Tree Dollars ($2,883,333).
Sample 1

Related to SETTLEMENT; CONTRIBUTION

  • No Contribution Each Designated Shareholder waives, and acknowledges and agrees that he shall not have and shall not exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against the Surviving Corporation in connection with any indemnification obligation or any other liability to which he may become subject under or in connection with this Agreement or the Designated Shareholders' Closing Certificate.

  • Purchase and Contribution Transferor agrees to contribute and Transferee agrees to acquire the Property for the Purchase Price.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • The Contribution 4.1 The Minister will make a non-repayable Contribution to the Recipient in respect of the Project in an amount not exceeding the lesser of (a) and (b) as follows:

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Mutual Contribution The parties to this Agreement and their counsel have mutually contributed to its drafting. Consequently, no provision of this Agreement shall be construed against any party on the ground that such party drafted the provision or caused it to be drafted or the provision contains a covenant of such party.

  • Payments and Contributions Neither the Company, any subsidiary, nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment of Company funds to any foreign or domestic government official or employee; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other similar payment to any person with respect to Company matters.

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