Litigation and Settlements. The Contractor shall, at its own expense, be entitled to and shall have the duty to participate in the defense of any suit against the Indemnified Parties. No settlement or compromise of any claim, loss or damage entered into by the Indemnified Parties shall be binding upon Contractor unless approved in writing by Contractor. No settlement or compromise of any claim, loss or damage entered into by Contractor shall be binding upon the Indemnified Parties unless approved in writing by the Indemnified Parties.
Litigation and Settlements. The Service Provider shall, at its own expense, be entitled to and shall have the duty to participate in the defense of any suit against the Indemnified Parties. No settlement or compromise of any claim, loss or damage entered into by the Indemnified Parties shall be binding upon Service Provider unless approved in writing by Service Provider. No settlement or compromise of any claim, loss or damage entered into by Service Provider shall be binding upon the Indemnified Parties unless approved in writing by the Indemnified Parties.
Litigation and Settlements. The Supplier shall, at its own expense, be entitled to and shall have the duty to participate in the defense of any suit against the Indemnified Parties. No settlement or compromise of any claim, loss or damage entered into by the Indemnified Parties shall be binding upon Supplier unless approved in writing by Supplier. No settlement or compromise of any claim, loss or damage entered into by Supplier shall be binding upon the Indemnified Parties unless approved in writing by the Indemnified Parties.
Litigation and Settlements. (a) Each Party hereto shall have the right to settle, or cause to be settled for it, all claims for damages for which such Party shall be liable under the provisions of this Clause Fifteen and to defend or cause to be defended all suits for recovery of any such damages.
Litigation and Settlements. The Company is involved in litigation arising in the normal course of business. In management's opinion, the resolution of all pending litigation will not have a material adverse effect on its financial position, liquidity or results of operations. In March 1995, the Bank received $672,000 in settlement of an insurance claim and in December 1994 received $880,000 in settlement of litigation in regards to the Fidelity Mutual acquisition. Each amount is included in other income in the consolidated statements of income for the respective year.
Litigation and Settlements. No settlement or compromise of any claim, loss, or damage entered into by Client or any other party shall be binding upon Company unless adopted and approved, in writing, by Company. No settlement or compromise of any claim, loss or damage entered into by Company shall be binding upon Client or any other Party shall be binding upon Client unless adopted and approved, in writing, by Client. These conditions and all other express terms of the contract shall be governed and construed in accordance with the laws of the state of Georgia USA.
