Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 33 contracts
Samples: Agreement of Purchase and Sale, Share Exchange Agreement, Share Purchase Agreement (Ecotality, Inc.)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reasonreason within a reasonable time after the request therefor.
Appears in 16 contracts
Samples: Asset Purchase and Assumption Reinsurance Agreement (Union Security Insurance Co), Share Purchase Agreement (Bitzio, Inc.), Share Purchase Agreement
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount so claimed. Whether Notwithstanding whether or not the Indemnifying Party assumes elects to assume control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reasonreason or if, as a reason of a delay, a higher settlement amount is ultimately agreed upon.
Appears in 3 contracts
Samples: Share Exchange Agreement, Share Exchange Agreement, Amalgamation Agreement
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such the consent of the Indemnified Party to the proposed settlement is not obtained for any reasonunreasonably withheld or delayed.
Appears in 3 contracts
Samples: Support and Purchase Agreement (Goldcorp Inc), Share Purchase Agreement (Gold Fields LTD), Support and Purchase Agreement (Barrick Gold Corp)
Settlement of Third Party Claims. If the Indemnifying Party fails to promptly assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Uti Energy Corp), Asset Purchase Agreement (Uti Energy Corp), Asset Purchase Agreement (Uti Energy Corp)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim (other than one involving only the payment of monies) without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 2 contracts
Samples: Agreement (Stake Technology LTD), Agreement (Stake Technology LTD)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence defense of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 2 contracts
Samples: Share Purchase Agreement (Vitran Corp Inc), Share Purchase Agreement (Vitran Corp Inc)
Settlement of Third Party Claims. 6.7 If the Indemnifying Party fails to assume control of the defence defense of any Third Party Claim, the Indemnified Party shall have the exclusive right to to, but not the obligation to, contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party for such claims shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.. Co-operation
Appears in 2 contracts
Samples: Purchase Agreement (Calibert Explorations, Inc.), Technology Purchase Agreement (Quadra Ventures, Inc.)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party ClaimClaim in accordance with Section 5.5, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained within a reasonable period of time for any reason.
Appears in 2 contracts
Samples: Agreement (Alderon Iron Ore Corp.), Subscription Agreement (Hebei Iron & Steel Group Co., Ltd.)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence defense of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if it is determined that the final settlement or judgment is less favorable taken as a whole than the proposed settlement taken as a whole and any such consent is not obtained for any reasonto such proposed settlement.
Appears in 1 contract
Samples: Non Disclosure and Confidentiality Agreement (Amdocs LTD)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. -42- Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld withheld, conditioned or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such the consent of the Indemnified Party to the proposed settlement is not obtained for any reasonunreasonably withheld, conditioned or delayed.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party ClaimClaim for any reason, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimedclaimed without prejudice to its rights of indemnification hereunder. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 1 contract
Samples: Share Purchase Agreement (Kilmer Van Nostrand Co. LTD)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, then the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that if such consent is so withheld or delayed, the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reasonamount.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence defense of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Indemnified Party shall not settle any Third Party Claim without the written consent of the Indemnified Indemnifying Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Indemnified Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 1 contract
Samples: Asset Purchase Agreement (Oi Corp)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence defense of any Third Party Claim, the Indemnified Party shall have the exclusive right right, at the expense of the Indemnifying Party, to contest, settle or pay the amount claimedclaimed in each case on a reasonable basis. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Party neither party shall not settle any Third Party Claim without the written consent of the Indemnified Partyother party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party such party shall be limited to the proposed settlement amount if any such consent is not obtained for any reasonreason within a reasonable time after the request therefor.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence defense of any Third Party Claim, the Indemnified Party Indemnitee shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified PartyIndemnitee, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability Liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reasonreason within a reasonable time after the request therefor.
Appears in 1 contract
Settlement of Third Party Claims. 6694212.36694212.4 If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 1 contract
Samples: Option Agreement
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed bona fide settlement amount if any such consent is not obtained for any reasonreason within a reasonable time after the request therefor.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reasonreason within a reasonable time after the request therefor.
Appears in 1 contract
Samples: Share Purchase Agreement
Settlement of Third Party Claims. 35.1 If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to -------------------------------- assume control of the defence defense of any Third Party ClaimClaim in accordance with Section 13.5, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained within a reasonable period of time for any reason.
Appears in 1 contract
Samples: Asset Purchase Agreement (Powerwave Technologies Inc)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount (which would have been accepted by the Third Party) if any such consent is not obtained for any reasonreason within a reasonable time after the request therefor.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence defense of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reasonreason within a reasonable time after the request therefore.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided. If the Indemnified Party does not provide its written consent to the settlement of the Third Party, however, that then the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reasonamount.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control conduct of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control conduct of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall cannot be unreasonably withheld or delayed; provided, however, that and the liability of the Indemnifying Party to the Indemnified Party shall be limited to the amount of the Indemnified Party’s liability under any proposed settlement amount if any such that could have been effected for which the Indemnified Party’s consent is was not obtained for any reasonobtained.
Appears in 1 contract
Samples: Assignment Agreement (Millar Western Forest Products LTD)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence defense of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence defense of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such the Indemnified Party's consent is not obtained for any reason.
Appears in 1 contract
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement Share Purchase Agreement amount if any such consent is not obtained for any reasonreason within a reasonable time after the request therefor.
Appears in 1 contract
Samples: Share Purchase Agreement (DealerTrack Holdings, Inc.)
Settlement of Third Party Claims. If the Indemnifying Party fails to assume control of the defence of any Third Party Claim, the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed. Whether or not the Indemnifying Party assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party, which consent shall not be unreasonably reasonably withheld or delayed; provided, however, that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason.
Appears in 1 contract
Samples: Purchase and Sale Agreement (XML Global Technologies Inc)