Common use of Unauthorized Settlement Clause in Contracts

Unauthorized Settlement. If the Indemnified Party settles a Third Party Claim without the consent of the Indemnifying Party in contravention of any of the provisions contained herein, the Indemnified Party shall not be entitled to indemnity hereunder with respect to such Third Party Claim.

Appears in 6 contracts

Sources: Option to Purchase Mineral Rights Agreement, Option to Purchase Assets Agreement (Hydrodynex, Inc.), Asset Purchase Agreement (FBC Holding Inc.)

Unauthorized Settlement. If the Indemnified Party settles a Third Party Claim without the consent of the Indemnifying Party in contravention of any of the provisions contained hereinprovision of this Section 8.4, the Indemnified Party shall not be entitled to indemnity hereunder with respect to such Third Party Claim.

Appears in 1 contract

Sources: Asset Purchase Agreement (Chaus Bernard Inc)

Unauthorized Settlement. If the Indemnified Party settles a any Third Party Claim without the consent of the Indemnifying Party in contravention of any of the provisions contained hereinof this Section 10.4, the Indemnified Party shall not be entitled to indemnity hereunder with respect to such Third Party Claim.

Appears in 1 contract

Sources: Stock Purchase Agreement (Omni Usa Inc)

Unauthorized Settlement. If the Indemnified Party PARTY settles a Third Party PARTY Claim without the consent of the Indemnifying Party PARTY in contravention of any of the provisions contained herein, the Indemnified Party PARTY shall not be entitled to indemnity hereunder with respect to such Third Party PARTY Claim.

Appears in 1 contract

Sources: Asset Purchase Agreement (Apd Antiquities, Inc.)