Common use of Participation in Litigation Clause in Contracts

Participation in Litigation. Prior to the Effective Time, (i) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any 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 (ii) the Company shall give Parent the opportunity to participate in the defense or settlement of any Legal Proceedings of 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 no such 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 2 contracts

Samples: Merger Agreement, Plan of Merger

AutoNDA by SimpleDocs

Participation in Litigation. Prior to the Effective Time, (ia) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any Legal Proceedings Actions 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 (iib) the Company shall give Parent the opportunity to participate in the defense or settlement of any Legal Proceedings 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 no such Legal Proceeding Action 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: Merger Agreement (Stonemor Inc.), Merger Agreement (Synutra International, Inc.)

Participation in Litigation. Prior to the Effective Time, (i) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any 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 (ii) the Company shall give Parent the opportunity to participate in the defense or settlement of any Legal Proceedings of 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 no such 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 1 contract

Samples: Merger Agreement (China Index Holdings LTD)

Participation in Litigation. Prior to the Effective Time, (i) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any 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 (ii) the Company shall give Parent the opportunity to participate in the defense or settlement of any 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 no such 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 1 contract

Samples: Merger Agreement (China XD Plastics Co LTD)

AutoNDA by SimpleDocs

Participation in Litigation. Prior to the Effective Time, (i) the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of any 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 (ii) the Company shall give Parent the opportunity to participate in the defense or settlement of any 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 no such 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 1 contract

Samples: Merger Agreement (SORL Auto Parts Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!