Third Party Losses. (a) The Consultant shall notify the Company promptly of any claim made by any third party in relation to the assets of the Company and shall send to the Company any notice, claim, summons or writ served on the Consultant concerning the Company. (b) The Consultant shall not, without the prior written consent of the Board of Directors of the Company, purport to accept or admit any claims or liabilities of which it receives notification pursuant to Section 11.1(a) above on behalf of the Company or make any settlement or compromise with any third party in respect of the Company.
Appears in 2 contracts
Sources: Merger Agreement (Hightimes Holding Corp.), Consulting Services Agreement (Origo Acquisition Corp)