Common use of Parent’s Rights Clause in Contracts

Parent’s Rights. Anything in this Section 7.3 to the contrary notwithstanding, the Representative shall not, without the written consent of Parent, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parent.

Appears in 4 contracts

Samples: Merger Agreement (Juniper Partners Acquisition Corp.), Merger Agreement (Juniper Partners Acquisition Corp.), Agreement and Plan of Merger (Cea Acquisition Corp)

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Parent’s Rights. Anything in this Section 7.3 7.2 to the contrary notwithstanding, the Representative shall not, without the written consent of Parent, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parent.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Trio Merger Corp.), Merger Agreement (Services Acquisition Corp. International), Merger Agreement (Terra Nova Acquisition CORP)

Parent’s Rights. Anything in this Section 7.3 7.2 to the contrary notwithstanding, the Representative Representatives shall not, without the written consent of Parent, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parent.

Appears in 2 contracts

Samples: Merger Agreement (Ithaka Acquisition Corp), Agreement and Plan of Merger (Ithaka Acquisition Corp)

Parent’s Rights. Anything in this Section 7.3 7.2 to the contrary notwithstanding, the Representative Members shall not, without the written consent of Parent, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parent.

Appears in 1 contract

Samples: Merger Agreement (Key Hospitality Acquisition CORP)

Parent’s Rights. Anything in this Section 7.3 paragraph 26 to the contrary notwithstanding, the Representative Representatives shall not, without the written consent of Parentthe Parent Indemnitees, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to the Parent Indemnitees of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parentthe Parent Indemnitees.

Appears in 1 contract

Samples: Merger Agreement (Perma Fix Environmental Services Inc)

Parent’s Rights. Anything in this Section 7.3 ‎6.3 to the contrary notwithstanding, the Company Representative shall not, without the written consent of Parent, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parent.

Appears in 1 contract

Samples: Merger Agreement (Marina Biotech, Inc.)

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Parent’s Rights. Anything in this Section 7.3 6.4 to the contrary notwithstanding, the Company Representative shall not, without the written consent of Parent, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parent.

Appears in 1 contract

Samples: Merger Agreement (Jaguar Animal Health, Inc.)

Parent’s Rights. Anything in this Section 7.3 ‎9.3 to the contrary notwithstanding, the Company Representative shall not, without the written consent of ParentParent and the Committee, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parent.

Appears in 1 contract

Samples: Merger Agreement (Snap Interactive, Inc)

Parent’s Rights. Anything in this Section 7.3 9.2 to the contrary notwithstanding, the Representative Holder Representatives shall not, without the written consent of Parent, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Parent.

Appears in 1 contract

Samples: Merger Agreement (Apex Bioventures Acquisition Corp)

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