Common use of Commencement or Settlement of Litigation Clause in Contracts

Commencement or Settlement of Litigation. Commencement, settlement or compromise of any litigation, proceeding or investigation with a cost or expected value (for any individual matter or group of related matters) of more than $50,000,000 or payment, discharge, settlement or satisfaction of any claims, liabilities or obligations (other than obligations under contracts relating to the operation of the business of the Company and its direct or indirect Subsidiaries) in excess of $50,000,000 (for any individual matter or group of related matters).

Commencement or Settlement of Litigation. CommencementCommence, settlement settle or compromise of any litigation, proceeding or investigation with a cost or expected value (for any individual matter or group of related matters) of more than $50,000,000 25,000,000 or paymentpay, discharge, settlement settle or satisfaction of satisfy any claims, liabilities or obligations (other than obligations under contracts relating to the operation of the business of the Company and its direct or indirect Subsidiaries) in excess of $50,000,000 25,000,000 (for any individual matter or group of related matters).