Litigation Defense definition
Examples of Litigation Defense in a sentence
Seller shall be responsible for and shall pay (A) all out-of-pocket costs and expenses incurred by Seller in connection with the Litigation Defense and (B) all reasonable out-of-pocket costs and expenses incurred by Buyer, the Company or any of their Affiliates in order to comply with their obligations under Section 7.05(e)(ii) (“Defense Costs”).
In addition, Client shall pay an ongoing monthly flat Legal Administration Fee of $ 55.00 for debt review, debt resolution plan analysis and structuring, supervision of and participation in creditor negotiations, pre-litigation settlement support, and the Litigation Defense Services described in Section 1.6 of this Agreement.
No fees for Litigation Defense Services will be charged if Monarch determines it cannot provide a defense to the litigation.