Third Party Litigation definition

Third Party Litigation shall have the meaning given in Section 13.6.4.

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Third Party Litigation means, with respect to a Person any and all (i) outstanding judgments, orders, decrees, rulings, or charges against such Person or any Subsidiary of such Person, (ii) pending actions, suits, and proceedings against such Person or any Subsidiary of such Person, and (iii) open investigations by a Governmental Authority of such Person or any Subsidiary of such Person.

Third Party Litigation has the meaning given in Schedule 27 – Dispute Resolution Procedure.

Examples of Third Party Litigation in a sentence

• If Licensee elects not to defend the Third Party Litigation, and NovaDel is named as a party to the litigation, NovaDel shall have the right, but not the responsibility, to do so at its own expense.

• You understand that some of these costs, in particular Third- Party Litigation Funding costs and insurance costs, are not recoverable from the opponent and will be payable by the group, including you, as a proportionate share.

• Each Scheme Creditor shall enter into the Third Party Litigation Deed as set out in Schedule 2 (Third Party Litigation Deed) on the Effective Time and hereby irrevocably authorises LFSL to sign the Third Party Litigation Deed on their behalf as their agent.

• This includes the incurrence of expenses (disbursements) such as Barristers’ fees, expert witness fees and court fees, the obtaining and entry into Third Party Litigation Funding, and the obtaining and entry into of insurance to cover adverse costs.

• To the actual knowledge of ILX (as hereinafter defined), there is no material suit, claim, action, proceeding or governmental investigation now pending or, threatened against ILX ("ILX Third Party Litigation") before any court, administrative or regulatory body or governmental agency, (i) arising out of or relating to any aspect of the business, or any of the properties, of ILX or (ii) concerning or affecting any of the transactions contemplated by this Agreement.

More Definitions of Third Party Litigation

Third Party Litigation has the meaning set forth in Section 6.16.

Third Party Litigation has the meaning given in Section 3.3.

Third Party Litigation has the meaning given in Section 5.4 [Consolidation with Third Party Disputes] of Schedule 20 [Dispute Resolution Procedure].

Third Party Litigation. – means litigation between an insured and a party unrelated to the contract of insurance;

Third Party Litigation means litigation (other than litigation under or based upon an alleged breach of any antitrust, competition or trade regulation Law) commenced no later than eighteen (18) months after the Closing Date against the Company or any Subsidiary by any Person (other than a party hereto or an Affiliate thereof) to the extent based upon events or circumstances that occurred or existed prior to the Closing Date.

Third Party Litigation means litigation brought against an Indemnified Party by a Person that is not an Indemnified Party; and “Third Party Litigation Costs” means all reasonable attorneys’ fees and other legal expenses incurred in the Third Party Litigation as well as the judgment rendered or settlement reached therein. To avoid doubt, “Third Party Litigation” does not include disputes between the Parties or their Affiliates. It is meant to cover only third party claims by persons or entities other than Indemnified Parties. The Indemnifying Party shall have the right to select counsel in such proceedings and control such proceedings and shall be responsible for the legal costs thereof as well as any judgment rendered therein or settlement reached therein. Nevertheless, the Indemnifying Party shall not settle any claim which may affect the Indemnified Party without the Indemnified Party’s prior written approval.

Third Party Litigation has the meaning given in Section 5.4(b). 2. STANDING REFEREES‌