Common use of Defense; Settlement Clause in Contracts

Defense; Settlement. (i) The Companies shall not, without the prior written consent of Indemnitee, which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any Proceeding against Indemnitee, or any proceeding which could have been brought against Indemnitee or which potentially or actually imposes any cost, liability, exposure or burden on Indemnitee, unless such settlement solely involves the payment of money or performance of any obligation by Persons other than Indemnitee and includes an unconditional release of Indemnitee from all liability on any matters that are the subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters. The Companies shall not be obligated to indemnify Indemnitee for amounts paid in settlement of a Proceeding against Indemnitee if such settlement is effected by Indemnitee without the Companies’ prior written consent, which consent shall not be unreasonably withheld.

Appears in 7 contracts

Samples: Director Indemnification Agreement (Susser Petroleum Partners LP), Form of Director Indemnification Agreement (New Source Energy Partners L.P.), Form of Director Indemnification Agreement (New Source Energy Partners L.P.)

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Defense; Settlement. (i) The Companies Company shall not, without the prior written consent of Indemnitee, which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any Proceeding against Indemnitee, Indemnitee or any proceeding which could have been brought against Indemnitee or which potentially or actually imposes any cost, liability, exposure or burden on Indemnitee, Indemnitee unless such settlement solely involves the payment of money or performance of any obligation by Persons other than Indemnitee and includes an unconditional release of Indemnitee from all liability on any matters that are the subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters. The Companies Company shall not be obligated to indemnify Indemnitee for against amounts paid in settlement of a Proceeding against Indemnitee if such settlement is effected by Indemnitee without the Companies’ Company’s prior written consent, which consent shall not be unreasonably withheld.

Appears in 6 contracts

Samples: Indemnification Agreement (Talen Energy Corp), Indemnification Agreement (Forum Energy Technologies, Inc.), Form of Indemnification Agreement (Forum Energy Technologies, Inc.)

Defense; Settlement. (i) The Companies shall not, without the prior written consent of Indemnitee, which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any Proceeding against Indemnitee, or any proceeding Proceeding which could have been brought against Indemnitee or which potentially or actually imposes any cost, liability, exposure or burden on or disclosure obligation with respect to Indemnitee, unless such settlement solely involves the payment of money or performance of any obligation by Persons other than Indemnitee and includes an unconditional release of Indemnitee from all liability on any matters that are the subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters. The Companies shall not be obligated to indemnify Indemnitee for amounts paid in settlement of a Proceeding against Indemnitee if such settlement is effected by Indemnitee without the Companies’ prior written consent, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Director Indemnification Agreement (American Midstream Partners, LP), Officer Indemnification Agreement (American Midstream Partners, LP)

Defense; Settlement. (i) The Companies Company shall not, without the prior written consent of Indemnitee, which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any Proceeding against Indemnitee, Indemnitee or any proceeding which could have been brought against Indemnitee or which potentially or actually imposes any cost, liability, exposure or burden on Indemnitee, Indemnitee unless such settlement solely involves the payment of money or performance of any obligation by Persons other than Indemnitee and includes an unconditional release of Indemnitee from all liability on any matters that are the subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters. The Companies Company shall not be obligated to indemnify Indemnitee for against amounts paid in settlement of a Proceeding against Indemnitee if such settlement is effected by Indemnitee without the Companies’ Company’s prior written consent, which consent shall not be unreasonably withheld. Any Indemnitee that is employed by a Sponsor Company shall have the sole right and obligation to control the defense or conduct of any claim or Proceeding with respect to Indemnitee.

Appears in 2 contracts

Samples: Indemnification Agreement (Forum Energy Technologies, Inc.), Form of Indemnification Agreement (Forum Energy Technologies, Inc.)

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Defense; Settlement. (i) The Companies Company shall not, without the prior written consent of Indemnitee, which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any Proceeding against Indemnitee, or any proceeding which could have been brought against Indemnitee or which potentially or actually imposes any cost, liability, exposure or burden on Indemnitee, unless such settlement solely involves the payment of money or performance of any obligation by Persons other than Indemnitee and includes an unconditional release of Indemnitee from all liability on any matters that are the subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters. The Companies Company shall not be obligated to indemnify Indemnitee for amounts paid in settlement of a Proceeding against Indemnitee if such settlement is effected by Indemnitee without the Companies’ Company’s prior written consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Director Indemnification Agreement (Susser Holdings CORP)

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