Examples of Asserted Liability in a sentence
In the event that the Indemnified Party exercises its right to settle an Asserted Liability, then the Indemnified Party irrevocably and unconditionally waives any right to indemnification by the Indemnifying Party with respect to the Asserted Liability.
Notwithstanding the foregoing, in any event, the Indemnified Party shall have the right to settle any Asserted Liability in accordance with Section 8.3(b) which the Indemnifying Party shall have undertaken to defend only if the Indemnified Party unconditionally releases the Indemnifying Party from any and all Liabilities as part of any such settlement.
Should the Indemnifying Party so elect to assume the defense of an Asserted Liability, the Indemnifying Party shall not, as long as it conducts such defense, be liable to the Indemnified Party for legal expenses subsequently incurred by the Indemnified Party in connection with the defense thereof.