Common use of Settling Claims Clause in Contracts

Settling Claims. The Buyer or any Group Company may compromise, settle, discharge or otherwise deal with any Potential Liability without reference to the Sellers if the Sellers at any time notify the Buyer that they do not wish to exercise their rights under this paragraph 7 or if the Sellers do not request the Buyer in writing to take any appropriate action within [**] of notice to the Sellers given pursuant to paragraph 7.2.1or if the Sellers fail to indemnify and secure the Buyer and the relevant Company to the reasonable satisfaction of the Buyer within a period of time (commencing with the date of the notice given to the Sellers) that is reasonable having regard to the nature of the Potential Liability and the existence of any time limit in relation to avoiding, disputing, defending, resisting, appealing or compromising such Potential Liability and which period will not in any event exceed a period of [**].