Common use of No Settlement, Compromise or Consent to Judgments Clause in Contracts

No Settlement, Compromise or Consent to Judgments. (i) No Non-Defending Party may compromise or settle or consent to the entry of judgment or determination of liability with respect to any Third Party Claim without the consent of the Defending Party. (ii) Notwithstanding anything to the contrary herein, no Defending Party shall compromise, settle or consent to the entry of judgment or determination of liability concerning any Third Party Claim without providing at least 10 days’ prior written notice of such compromise, settlement or consent to the Indemnifying Party (if the Indemnifying Party is other than the Defending Party) and, if the terms of conditions of such compromise, settlement or consent would have a material adverse effect on the Non- Defending party without the consent of the Non-Defending Party (such approval not to be unreasonably withheld, delayed or conditioned).

Appears in 2 contracts

Samples: Indemnification & Liability (InB:Biotechnologies, Inc.), Indemnification & Liability (iBioPharma, Inc.)

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No Settlement, Compromise or Consent to Judgments. (i) No Non-Defending Party may compromise or settle or consent to the entry of judgment or determination of liability with respect to any Third Party Claim without the consent of the Defending Party. (ii) Notwithstanding anything to the contrary herein, no Defending Party shall compromise, settle or consent to the entry of judgment or determination of liability concerning any Third Party Claim without providing at least 10 days' prior written notice of such compromise, settlement or consent to the Indemnifying Party Indemnitor (if the Indemnifying Party Indemnitor is other than the Defending Party) and, if the terms of conditions of such compromise, settlement or consent would have a material adverse effect on the Non- Defending party and without the consent of the Non-Defending Party (such approval not to be unreasonably withheld) if the terms or conditions of such compromise, delayed settlement or conditioned)consent would have a Material Adverse Effect on the Non-Defending Party's Group.

Appears in 1 contract

Samples: Indemnification & Liability (Merck Medco Managed Care LLC)

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No Settlement, Compromise or Consent to Judgments. (i) No Non-Defending Party may compromise or settle or consent to the entry of judgment or determination of liability with respect to any Third Party Claim without the consent of the Defending Party. (ii) Notwithstanding anything to the contrary herein, no Defending Party shall compromise, settle or consent to the entry of judgment or determination of liability concerning any Third Party Claim without providing at least 10 days’ prior written notice of such compromise, settlement or consent to the Indemnifying Party Indemnitor (if the Indemnifying Party Indemnitor is other than the Defending Party) and, if the terms of conditions of such compromise, settlement or consent would have a material adverse effect on the Non- Defending party without the consent of the Non-Defending Party (such approval not to be unreasonably withheld, delayed or conditioned).

Appears in 1 contract

Samples: Indemnification & Liability (Omega Flex, Inc.)

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