CLAIM SETTLEMENT. Company shall have the right, in its sole discretion, to determine for itself and Indemnitors whether any claim, demand or suit brought against Company or any Indemnitor in connection with or relating to any Bond shall be paid, compromised, settled, tried, defended or appealed, and its determination shall be final, binding and conclusive upon the Indemnitors. Company shall be entitled to immediate reimbursement for any and all Loss incurred under the belief it was necessary or expedient to make such payments.
Appears in 4 contracts
Samples: General Agreement of Indemnity (IES Holdings, Inc.), General Agreement of Indemnity (Layne Christensen Co), General Agreement of Indemnity (Layne Christensen Co)
