Common use of Pre-Closing Litigation Consultation Clause in Contracts

Pre-Closing Litigation Consultation. Seller shall consult with Buyer regarding the prosecution and conduct of any pending Action which may affect a Purchased Asset or an Assumed Liability, and shall not, without Buyer’s prior written consent, which shall not be unreasonably withheld or delayed, settle any such Action or take any dispositive measures in such Action.

Appears in 3 contracts

Samples: Confidential Treatment (Alimera Sciences Inc), Confidential Treatment Requested (Alimera Sciences Inc), Confidential Treatment (Alimera Sciences Inc)

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Pre-Closing Litigation Consultation. Seller shall consult with Buyer regarding the prosecution and conduct of any pending Action litigation which may affect a Purchased Asset or or, an Assumed Liability, Liability and shall not, without Buyer’s 's prior written consent, which shall not be unreasonably withheld or delayedwithheld, settle any such Action litigation or take any dispositive measures actions in such Actionlitigation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pharmos Corp)

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Pre-Closing Litigation Consultation. Seller shall consult with Buyer regarding the prosecution and conduct of any pending Action litigation which may affect a Purchased Asset or an Assumed Liability, and shall not, without Buyer’s prior written consent, which shall not be unreasonably withheld or delayedwithheld, settle any such Action litigation or take any dispositive measures actions in such Actionlitigation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Insite Vision Inc)

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