Indemnitee Rights. Anything in this Section 8.2 to the contrary notwithstanding, the Indemnifying Representative shall not, without the written consent of the Indemnified Representative, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to each of the applicable Indemnitee(s) a full and unconditional release from all liability and obligation in respect of such action without any payment by any Indemnitee.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (GSME Acquisition Partners I), Agreement and Plan of Reorganization (GSME Acquisition Partners I)
Indemnitee Rights. Anything in this Section 8.2 7.2 to the contrary notwithstanding, the Indemnifying Representative (in the case of the Shareholder Indemnitors) or Parent (in the case of Parent Indemnitors) shall not, without the written consent of the Indemnified RepresentativeIndemnitee, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to each of the applicable Indemnitee(s) Indemnitees of a full and unconditional release from all liability and obligation in respect of such action without any payment by any Indemnitee.
Appears in 1 contract
Samples: Sale and Purchase Agreement (Long Blockchain Corp.)
Indemnitee Rights. Anything in this Section 8.2 7.2 to the contrary notwithstanding, the Indemnifying Representative shall not, without the written consent of the Indemnified Representative, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to each of the applicable Indemnitee(s) Indemnitees of a full and unconditional release from all liability and obligation in respect of such action without any payment by any Indemnitee.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Victory Acquisition Corp)
Indemnitee Rights. Anything in this Section 8.2 7.2 to the contrary notwithstanding, the Indemnifying Representative shall not, without the written consent of the Indemnified Representative, settle or compromise any action or consent to the entry of any judgment which that does not include as an unconditional term thereof the giving by the claimant or the plaintiff to each of the applicable Indemnitee(s) Indemnitees of a full and unconditional release from all liability and obligation in respect of such action without any payment by any Indemnitee.
Appears in 1 contract
Samples: Securities Purchase and Exchange Agreement (North Shore Acquisition Corp.)
