Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 25 contracts
Samples: Asset Purchase Agreement, Website Purchase Agreement (NP Capital Corp), Asset Purchase Agreement (Outback Steakhouse Inc)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 19 contracts
Samples: Stock Purchase Agreement (Exide Electronics Group Inc), Stock Purchase and Redemption Agreement (Rayovac Corp), Stock Purchase Agreement (Chemed Corp)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgment.
Appears in 9 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Grand Canyon Education, Inc.), Asset Purchase Agreement (Oakmont Acquisition Corp.)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have has the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Keith Companies Inc), Stock Purchase Agreement (Keith Companies Inc), Stock Purchase Agreement (Unicomp Inc)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faithClaim, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and subject to the right of the Indemnifying Party shall thereafter have no right to challenge assume the Indemnified Party's defensedefense of such Claim at any time prior to settlement, compromise, settlement compromise or consent to judgmentfinal determination thereof.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Cobalt Corp), Purchase and Sale Agreement (Aps Healthcare Inc)
Failure to Defend. If the Indemnifying Party, within after receiving a reasonable time after notice Notice of any such Claim, fails to defend such Claim actively reasonably and in good faith, the Indemnified Party Indemnitee will (upon further written notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to as it may determine in its reasonable discretion at the entry of a judgment with respect to such Claim, on behalf of sole cost and for the account and risk expense of the Indemnifying Party, and Party subject to the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentlimitations contained in this Article VIII.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Perma Fix Environmental Services Inc), Stock Purchase Agreement (Homeland Security Capital CORP)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 2 contracts
Samples: Share Purchase Agreement (Innovative Software Technologies Inc), Agreement and Plan of Merger (Ladish Co Inc)
Failure to Defend. If the Indemnifying Party, within a ----------------- reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 2 contracts
Samples: Settlement and Ownership Transfer Agreement (Wisconsin Public Service Corp), Settlement and Ownership Transfer Agreement (WPS Resources Corp)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Agreement
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claimclaim, fails to defend such Claim claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim claim or consent to the entry of a judgment with respect to such Claimclaim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Asset Contribution Agreement (Alliance Pharmaceutical Corp)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claimclaim, fails to defend assume the defense of such Claim claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim claim or consent to the entry of a judgment with respect to such Claimclaim, on behalf of and for the account of and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Abr Information Services Inc)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right right, at the Indemnifying Party’s cost, to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying -35- 42 Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time ten (10) days after notice of any such Claimclaim, fails to notify the Indemnified Party in writing that it will defend such Claim claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim claim or consent to the entry of a judgment with respect to such Claimclaim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract
Samples: Agreement for Sale and Purchase (Rx Medical Services Corp)
Failure to Defend. If the Indemnifying Party, within a reasonable time promptly after receiving notice of any such Claimclaim, demand or action brought by a third-party, fails to defend such Claim action actively and in good faith, the Indemnified Party Party, at the reasonable cost and expense of the Indemnifying Party, will (upon further written notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claimaction as it may determine in its reasonable discretion, on behalf of and for the account and risk of the Indemnifying Party, and provided that the Indemnifying Party shall thereafter have no the right to challenge the Indemnified Party's defenseapprove any settlement, compromise, settlement which approval will not be unreasonably withheld or consent to judgmentdelayed.
Appears in 1 contract
Samples: Stock Purchase Agreement (International Shipping Enterprises, Inc.)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromisecompromise or settlement, provided that any payment, settlement or consent to judgmentcompromise of such Claim shall include a full and final release of the Indemnifying Party.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such the Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such the Claim or consent to the entry of a judgment with respect to such the Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall will thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of settle such Claim or consent as it relates to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk liability of the Indemnifying Indemnified Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, compromise or settlement or consent to judgmentthereof.
Appears in 1 contract
Samples: Asset Purchase Agreement (Coast Distribution System Inc)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claimclaim, fails to defend such Claim claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise compromise, or settlement of such Claim claim or consent to the entry of a judgment with respect to such Claimclaim, on behalf of of, and for the account and risk of of, the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement settlement, or consent to judgment.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such the Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such the Claim or consent to the entry of a judgment with respect to such the Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall will thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend assume the defense of such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account of and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Abr Information Services Inc)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified indemnified Party will (upon further notice) have the right light, at the Indemnifying Party's cost, to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party Par ty shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Asset Purchase Agreement (Nextphase Wireless, Inc.)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faithClaim, the Indemnified Party will (upon further written notice) have the right to undertake the defense, compromise or settlement defense of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and but in no event, shall the Indemnified Party admit any liability with respect to, or settle, compromise or discharge, such third-party Claim without the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement prior written consent (which consent shall not be unreasonably withheld or consent to judgmentdelayed).
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable ----------------- time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have has the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time 30 days after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Asset Purchase Agreement (Enterprise Systems Inc /De/)
Failure to Defend. If the Indemnifying Party, within a reasonable ----------------- time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will shall (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Asset Purchase Agreement (Wec Co)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Stock Purchase Agreement (Johnson Worldwide Associates Inc)
Failure to Defend. If the Indemnifying Party, within a reasonable time after written notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further written notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract
Samples: Stock Purchase Agreement (Abr Information Services Inc)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claimclaim, fails decides not to defend such Claim claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim claim or consent to the entry of a judgment with respect to such Claimclaim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Asset Purchase Agreement
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement defense of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall will thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment’s defense thereof.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within ----------------- a reasonable time after notice of any such Claim, fails to defend such or cause to be defended the Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such the Claim or consent to the entry of a judgment with respect to such the Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall will thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a ----------------- reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have has the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.the
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails decides not to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's ’s defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Asset Purchase Agreement (Hispanic Broadcasting Corp)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claimclaim, fails to defend such Claim claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim claim or consent to the entry of a judgment with respect to such Claimclaim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Asset Contribution Agreement (Multicell Technologies Inc.)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claimclaim, fails to defend such Claim claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim claim or consent to the entry of a judgment with respect to such Claimclaim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, Party fails to defend such Claim actively and in good faithfaith within (10) ten days of receiving notice of such Claim, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 1 contract
Samples: Partnership Purchase Agreement (Newgen Results Corp)
Failure to Defend. If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right right, at the Indemnifying Party's cost, to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgmentjudgment therein.
Appears in 1 contract