Common use of Participation in Litigation Clause in Contracts

Participation in Litigation. Prior to the Effective Time, (a) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any Actions commenced or, to the knowledge of such party, threatened against such party and/or its directors which relate to this Agreement or the Transactions, and (b) the Company shall give Parent the opportunity to participate in the defense or settlement of any Actions of Shareholders against the Company and/or its directors relating to this Agreement or the Transactions at its own expense and shall consider in good faith Parent’s advice with respect to such Actions, and no such Action shall be settled or compromised without Parent’s prior written consent, which consent should not be unreasonably withheld, conditioned or delayed.

Appears in 2 contracts

Samples: Agreement and Plan of Amalgamation, Agreement and Plan of Amalgamation (Global Sources LTD /Bermuda)

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Participation in Litigation. Prior to the Effective Time, (ai) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any Actions Legal Proceedings commenced or, to the knowledge Knowledge of such party, threatened in writing against such party and/or its directors which relate to this Agreement or the Transactions, and (bii) the Company shall give Parent the opportunity to participate in the defense or settlement of any Actions Legal Proceedings of Shareholders shareholders (on their own behalf or on behalf of the Company) against the Company and/or its directors or Representatives relating to this Agreement or the Transactions at its own expense and shall consider in good faith Parent’s advice with respect to such Actionsexpense, and no such Action Legal Proceeding shall be settled or compromised without Parent’s 's prior written consent, which consent should not be unreasonably withheld, conditioned or delayed.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger

Participation in Litigation. Prior to the Effective Time, (a) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any Actions commenced or, to the knowledge of such party, threatened against such party and/or its directors which relate to this Agreement or the Transactions, and (b) the Company shall give Parent the opportunity to participate in the defense or settlement of any Actions of Shareholders Stockholders (on their own behalf or on behalf of the Company) against the Company and/or its directors or Representatives relating to this Agreement or the Transactions at its own expense and shall consider in good faith Parent’s advice with respect to such Actionsexpense, and no such Action shall be settled or compromised without Parent’s prior written consent, which consent should not be unreasonably withheld, conditioned or delayed.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Stonemor Inc.), Agreement and Plan of Merger (Synutra International, Inc.)

Participation in Litigation. Prior to the Effective Time, (ai) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any Actions Legal Proceedings commenced or, to the knowledge Knowledge of such party, threatened against such party and/or its directors which relate to this Agreement or the Transactions, and (bii) the Company shall give Parent the opportunity to participate in the defense or settlement of any Actions Legal Proceedings of Shareholders stockholders (on their own behalf or on behalf of the Company) against the Company and/or its directors or Representatives relating to this Agreement or the Transactions at its own expense and shall consider in good faith Parent’s advice with respect to such Actionsexpense, and no such Action Legal Proceeding shall be settled or compromised without Parent’s prior written consent, which consent should not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Agreement and Plan of Merger (China XD Plastics Co LTD)

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Participation in Litigation. Prior to the Effective Time, (ai) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any Actions Legal Proceedings commenced or, to the knowledge of such party, threatened in writing against such party and/or its directors which relate to this Agreement or the Transactions, and (bii) the Company shall give Parent the opportunity to participate in the defense or settlement of any Actions Legal Proceedings of Shareholders stockholders (on their own behalf or on behalf of the Company) against the Company and/or its directors or Representatives relating to this Agreement or the Transactions at its own expense and shall consider in good faith Parent’s advice with respect to such Actionsexpense, and no such Action Legal Proceeding shall be settled or compromised without Parent’s prior written consent, which consent should not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Agreement and Plan of Merger (SORL Auto Parts Inc)

Participation in Litigation. Prior to the Effective Time, (ai) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any Actions Legal Proceedings commenced or, to the knowledge Knowledge of such party, threatened in writing against such party and/or its directors which relate to this Agreement or the Transactions, and (bii) the Company shall give Parent the opportunity to participate in the defense or settlement of any Actions Legal Proceedings of Shareholders shareholders (on their own behalf or on behalf of the Company) against the Company and/or its directors or Representatives relating to this Agreement or the Transactions at its own expense and shall consider in good faith Parent’s advice with respect to such Actionsexpense, and no such Action Legal Proceeding shall be settled or compromised without Parent’s prior written consent, which consent should not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Agreement and Plan of Merger (China Index Holdings LTD)

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