Common use of Legal Defence, Settlement and Allocation Clause in Contracts

Legal Defence, Settlement and Allocation. 5.4.1 As a condition precedent to the right to be indemnified under this Policy, the Insured (and any person, firm, or company acting for or on the Insured’s behalf) must not incur any Defence Costs, admit liability for, compromise, settle or make any offer or payment in respect of any Claim, Circumstance, Occurrence or other matter for which coverage is provided under this Policy without the Underwriters’ prior written consent, such consent not to be unreasonably withheld or delayed. However, the Underwriters’ consent is not required for the Insured to settle such Claim, Circumstance, Occurrence or other matter if the total settlement amount (including Defence Costs) is within the applicable Excess, provided that such settlement fully resolves such Claim, Circumstance, Occurrence or other matter with respect to all Insureds and the Underwriters.

Legal Defence, Settlement and Allocation. 5.4.1 4.2.1 As a condition precedent to the right to be indemnified under this Policy, the Insured (and any person, firm, or company acting for or on the Insured’s behalf) must not incur any Defence Costs, admit liability for, compromise, settle or make any offer or payment in respect of any Claim, Circumstance, Occurrence Circumstance or other matter for which coverage is provided under this Policy without the Underwriters’ prior written consent, such consent not to be unreasonably withheld or delayed. However, the Underwriters’ consent is not required for the Insured to settle such Claim, Circumstance, Occurrence Circumstance or other matter if the total settlement amount (including Defence Costs) is within the applicable Excess, provided that such settlement fully resolves such Claim, Circumstance, Occurrence Circumstance or other matter with respect to all Insureds and the Underwriters.

Legal Defence, Settlement and Allocation. 5.4.1 5.2.1 As a condition precedent to the right to be indemnified under this Policy, the Insured (and any person, firm, or company acting for or on the Insured’s behalf) must not incur any Defence Costs, admit liability for, compromise, settle or make any offer or payment in respect of any Claim, Circumstance, Occurrence Circumstance or other matter for which coverage is provided under this Policy without the Underwriters’ prior written consent, such consent not to be unreasonably withheld or delayed. However, the Underwriters’ consent is not required for the Insured to settle such Claim, Circumstance, Occurrence Circumstance or other matter if the total settlement amount (including Defence Costs) is within the applicable Excess, provided that such settlement fully resolves such Claim, Circumstance, Occurrence Circumstance or other matter with respect to all Insureds and the Underwriters.