third party proceeding definition

third party proceeding means any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation.

third party proceeding has the meaning set forth in Section 8.5(a).

third party proceeding has the meaning set forth in Section 9.2(c)(i).

Examples of third party proceeding in a sentence

• Our Directors are of the opinion that the Third Party Proceeding is not expected to have material operational and financial impact on our Group.

• As such, ECSB has good prospects to avoid liability to indemnify SRSB against the amount of loss and damage claimed by GKCSB.Our Directors are of the opinion that the Third Party Proceeding is not expected to have material operational and financial impact on our Group.

• The Defence Notice will specify the counsel the Indemnitor will appoint to defend such Third Party Proceeding (the “Defence Counsel”), and the Indemnitee will have the right to approve the Defence Counsel, which approval will not be unreasonably withheld.

• The Board may, in its sole discretion, authorize PMA to pay a Corporate Agent’s costs and expenses in connection with any Third Party Proceeding in advance of the final disposition thereof.

• The party conducting the defence of any Third Party Proceeding will keep the other party apprised of all significant developments and will not enter into any settlement, compromise or consent to judgment with respect to such Third Party Proceeding unless the Indemnitor and the Indemnitee consent, which consent will not be unreasonably withheld.

More Definitions of third party proceeding

third party proceeding means any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the Company.

third party proceeding means any threatened, pending or completed action, suit, arbitration, alternative dispute mechanism, inquiry, administrative or legislative hearing or investigation, including any and all appeals, whether civil, criminal or administrative, other than an action by or in the right of the corporation.

third party proceeding shall have the meaning set forth in Section 11.2 hereof;

third party proceeding means any claim or the commencement by a Third Party of any Proceeding.

third party proceeding means any civil, criminal, administrative or arbitrative action or suit, including all appeals thereof and any inquiry or investigation which could lead to such action or suit; provided, however, that “Third Party Proceeding” shall not include any of the foregoing by or in the name of the Corporation to procure a judgment in the Corporation’s favor.

third party proceeding means any pending, threatened or completed civil, criminal, administrative or arbitrative action, suit or proceeding, and any appeal therefrom, and any inquiry or investigation which could lead to such action, suit or proceeding, other than an action by or in the right of the Corporation.

third party proceeding has the meaning set out in Section 7.04.