Opportunity to Defend. The indemnifying Party may elect to defend, at its own expense and by its own counsel, any potential liability covered by this Article; provided, however, that the indemnifying Party may not compromise or settle any such liability without the consent of the indemnified Party (which consent shall not be unreasonably withheld or delayed). If the indemnifying Party elects to defend the potential liability, it shall within thirty (30) calendar days from receipt of the notice required by Section 8.3 notify the indemnified Party of its intent to do so, and the indemnified Party shall cooperate in the defense at its own expense.
Appears in 4 contracts
Samples: Indemnification & Liability, Indemnity Reinsurance Agreement, Indemnification & Liability (CNO Financial Group, Inc.)
Opportunity to Defend. The indemnifying Party party may elect to defend, at its own expense and by its own counsel, any potential liability covered by this Article; provided, however, that the indemnifying Party party may not compromise or settle any such liability without the consent of the indemnified Party party (which consent shall not be unreasonably withheld or delayed). If the indemnifying Party party elects to defend the potential liability, it shall within thirty (30) calendar days from receipt of the notice required by Section 8.3 notify the indemnified Party party of its intent to do so, and the indemnified Party party shall cooperate in the defense at its own expense.
Appears in 2 contracts
Samples: Reinsurance Agreement (Protective Variable Life Separate Account), Reinsurance Agreement (Protective Variable Life Separate Account)
Opportunity to Defend. The indemnifying Party party may elect to defend, at its own expense and by its own counsel, any potential liability covered by this Article; provided, however, that the indemnifying Party party may not compromise or settle any such liability without the consent of the indemnified Party party (which consent shall not be unreasonably withheld or delayed). If the indemnifying Party party elects to defend the potential liability, it shall within thirty (30) calendar 30 days from receipt of the notice required by Section 8.3 notify the indemnified Party party of its intent to do so, and the indemnified Party party shall cooperate in the defense at its own expense.
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (Protective Variable Life Separate Account)