Common use of Procedures Relating to Indemnification Clause in Contracts

Procedures Relating to Indemnification. To receive the foregoing indemnities, the Party seeking indemnification must notify the other in writing of a claim or suit promptly (provided that any failure to provide such notice shall not limit a Party’s right to indemnification except to the extent that the indemnifying Party shall have been materially prejudiced thereby) and provide reasonable cooperation (at the indemnifying Party’s expense) and full authority to defend the claim or suit. Notwithstanding the foregoing, no indemnifying Party shall be entitled to settle any claim or suit without the consent of the indemnified Party unless such settlement contains a full release of the indemnified Party without any liability for any monetary damages or any type of equitable relief. Neither Party shall have any obligation to indemnify the other under any settlement made without its written consent.

Procedures Relating to Indemnification. To receive the foregoing indemnities, the Party party seeking indemnification must notify the other in writing of a claim Claim or suit promptly (provided that any failure to provide such notice shall not limit a Partyparty’s right to indemnification except to the extent that the indemnifying Party party shall have been materially prejudiced thereby) and provide reasonable cooperation (at the indemnifying Partyparty’s expense) and full authority to defend the claim Claim or suit. Notwithstanding the foregoing, no indemnifying Party party shall be entitled to settle any claim Claim or suit without the consent of the indemnified Party party unless such settlement contains a full release of the indemnified Party party without any liability for any monetary damages or any type of equitable relief. Neither Party party shall have any obligation to indemnify the other under any settlement made without its written consent.