Common use of Settlement and Compromise Clause in Contracts

Settlement and Compromise. The Shareholders shall not settle or compromise any demands, claims, actions, suits or proceedings for which a Purchaser Indemnified Party has sought indemnification from the Shareholders unless it shall have given Purchaser Indemnified Party not less than fifteen (15) days prior written notice of the proposed settlement or compromise and afforded Purchaser Indemnified Party an opportunity to consult with the Shareholders regarding the proposed settlement or compromise.

Settlement and Compromise. The Shareholders Purchaser shall not settle or compromise any demands, claims, actions, suits or proceedings for which a Purchaser the Shareholder Indemnified Party has Parties have sought indemnification from the Shareholders Purchaser unless it shall have given Purchaser the Shareholder Indemnified Party Parties not less than fifteen (15) days prior written notice of the proposed settlement or compromise and afforded Purchaser the Shareholder Indemnified Party Parties an opportunity to consult with the Shareholders Purchaser regarding the proposed settlement or compromise.

Settlement and Compromise. The Shareholders Shareholder shall not settle or compromise any demands, claims, actions, suits or proceedings for which a Purchaser Indemnified Party has sought indemnification from the Shareholders Shareholder unless it he shall have given the Purchaser Indemnified Party not less than fifteen (15) 15 days prior written notice of the proposed settlement or compromise and afforded the Purchaser Indemnified Party an opportunity to consult with the Shareholders Shareholder regarding the proposed settlement or compromise. Such notice shall contain a copy of all documents related to the proposed settlement or compromise.