Common use of Procedure - Indemnities Clause in Contracts

Procedure - Indemnities. Any Person seeking indemnification as payment under this Article shall give reasonably prompt notice thereof to the party from whom indemnification is sought. The party from whom indemnification is sought shall have the sole right to conduct, settle or otherwise dispose of any legal action in respect of which indemnification is sought in any manner it deems appropriate without the consent of the other party if, but only if, it has agreed that the matters in the action are indemnified pursuant to Sections 6.1 and 6.

Appears in 2 contracts

Samples: Merger Agreement, Share Exchange Agreement

AutoNDA by SimpleDocs

Procedure - Indemnities. Any Person party seeking indemnification as payment under this Article hereunder shall give reasonably prompt notice thereof to the party from whom indemnification is sought. The party from whom indemnification is sought shall have the sole right to conduct, settle or otherwise dispose of any legal action in respect of which indemnification is sought in any manner it deems appropriate without the consent of the other party ifparty, if but only if, it has agreed that the matters in the action are indemnified pursuant to Sections 6.1 and 6Sections 5.1 or 5.2.

Appears in 1 contract

Samples: Contribution Agreement (Johnstone Tank Trucking Ltd.)

AutoNDA by SimpleDocs

Procedure - Indemnities. Any Person party seeking indemnification as payment under this Article hereunder shall give reasonably prompt notice thereof to the party from whom indemnification is sought. The party from whom indemnification is sought shall have the sole right to conduct, settle or otherwise dispose of any legal action in respect of which indemnification is sought in any manner it deems appropriate without the consent of the other party if, but only if, it has agreed that the matters in the action are indemnified pursuant to Sections 6.1 and 6Sections 5.1 or 5.2.

Appears in 1 contract

Samples: Contribution Agreement (Johnstone Tank Trucking Ltd.)

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