Defense Mechanism Sample Clauses

Defense Mechanism. Promptly after receipt by a Party (“Indemnitee”) of notice of any Third Party Liability (but not any Liability not involving a Third Party) in respect of which indemnity may be sought against another Party (“Indemnitor”) (for purposes of this Section an "Assertion"), Indemnitee will notify Indemnitor in writing of the Assertion, but the failure to so notify Indemnitor will not relieve Indemnitor of any liability it may have to Indemnitee or any other person, except to the extent Indemnitor has suffered actual prejudice thereby. Indemnitor will be entitled to participate in and to the extent Indemnitor elects by written notice to Indemnitee within 30 calendar days after receipt by Indemnitor of notice of the Assertion, to assume the defense of the Assertion, at its own expense, with counsel chosen by it, such counsel to be reasonably satisfactory to Indemnitee. With respect to any such Assertion, Indemnitee will promptly provide Indemnitor with: (a) notice and copies of any documents served upon Indemnitee; and (b) all reasonable cooperation that Indemnitor deems necessary to defend the Assertion, including without limitation providing Indemnitor and its outside attorneys access to any potentially-relevant documents, information, or individuals within the control of Indemnitee, other than any privileged documents. If confidential information of Indemnitee is contained in the documents or information, Indemnitee and Indemnitor will enter into appropriate secrecy commitments to protect the documents or information. Despite Indemnitor may have elected by written notice to assume the defense of any Assertion, Indemnitee will have the right to participate in the investigation and defense thereof, with separate counsel chosen by Xxxxxxxxxx, but in such event the fees and expenses of Indemnitee (above those which would otherwise have been incurred) and the separate counsel will be paid by Indemnitee. Neither Indemnitor nor Indemnitee will settle or compromise any Liability without the prior written consent of the other; such consent will not unreasonably withheld or delayed. Entire Agreement / Amendments. This Agreement, including any attached schedules and exhibits, constitutes the entire understanding between the Parties with respect to the subject matter contained in this Agreement and supersedes all prior Agreements, understandings and arrangements whether oral or written between the Parties relating to the subject matter of this Agreement, except as expressly...
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Defense Mechanism. Promptly after receipt by a Party (“Indemnitee”) of notice of any Third Party Liability (but not any Liability not involving a Third Party) in respect of which indemnity may be sought against another Party (“Indemnitor”) (for purposes of this Section an "Assertion"), Indemnitee will notify Indemnitor in writing of the Assertion, but the failure to so notify Indemnitor will not relieve Indemnitor of any liability it may have to Indemnitee or any other person, except to the extent Indemnitor has suffered actual prejudice thereby. Indemnitor will be entitled to participate in and to the extent Indemnitor elects by written notice to Indemnitee within 30 calendar days after receipt by Indemnitor of notice of the Assertion, to assume the defense of the Assertion, at its own expense, with counsel chosen by it, such counsel to be reasonably satisfactory to Indemnitee. With respect to any such Assertion, Indemnitee will promptly provide Indemnitor with: (a) notice and copies of any documents served upon Indemnitee; and

Related to Defense Mechanism

  • Defense of Claims Subject to the provisions of applicable policies of directors’ and officers’ liability insurance, if any, the Company shall be entitled to participate in the defense of any Indemnifiable Claim or to assume or lead the defense thereof with counsel reasonably satisfactory to the Indemnitee; provided that if Indemnitee determines, after consultation with counsel selected by Indemnitee, that (a) the use of counsel chosen by the Company to represent Indemnitee would present such counsel with an actual or potential conflict, (b) the named parties in any such Indemnifiable Claim (including any impleaded parties) include both the Company and Indemnitee and Indemnitee shall conclude that there may be one or more legal defenses available to him or her that are different from or in addition to those available to the Company, (c) any such representation by such counsel would be precluded under the applicable standards of professional conduct then prevailing, or (d) Indemnitee has interests in the claim or underlying subject matter that are different from or in addition to those of other Persons against whom the Claim has been made or might reasonably be expected to be made, then Indemnitee shall be entitled to retain separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any particular Indemnifiable Claim for all indemnitees in Indemnitee’s circumstances) at the Company’s expense. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any threatened or pending Indemnifiable Claim effected without the Company’s prior written consent. The Company shall not, without the prior written consent of the Indemnitee, effect any settlement of any threatened or pending Indemnifiable Claim which the Indemnitee is or could have been a party unless such settlement solely involves the payment of money and includes a complete and unconditional release of the Indemnitee from all liability on any claims that are the subject matter of such Indemnifiable Claim. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any proposed settlement; provided that Indemnitee may withhold consent to any settlement that does not provide a complete and unconditional release of Indemnitee.

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