Common use of No Settlement Clause in Contracts

No Settlement. No Party may settle or compromise any Third Party Claim for which it is seeking to be indemnified hereunder without the prior written consent of the Party from which such indemnification is sought, which consent may not be unreasonably delayed or withheld. No Indemnifying Party may settle or compromise any Third Party Claim without the prior written consent of the Indemnitee, except where such settlement or compromise (i) is solely for monetary damages as to which the Indemnitee is fully indemnified, (ii) includes an unconditional release of the Indemnitee and (iii) does not include any admission of wrongdoing by the Indemnitee.

Appears in 3 contracts

Samples: Indemnification Agreement (Cowen Group, Inc.), Indemnification Agreement (Cowen Group, Inc.), Indemnification Agreement (Cowen Group, Inc.)

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