Common use of Restrictions on Settlement Clause in Contracts

Restrictions on Settlement. No party shall pay, settle or acknowledge liability under any such claim without consent of the party liable for indemnification, and shall permit the Client or the Banker, as applicable, a reasonable opportunity to cure any underlying problem or to mitigate actual or potential damages. The scope of this indemnification between the Banker and the Client shall be limited to, and pertain only to certain transactions contemplated or entered into pursuant to this Agreement.

Appears in 5 contracts

Samples: Exclusive Investment Banking Agreement, Investment  banking Agreement (Lilis Energy, Inc.), Exclusive Investment Banking Agreement (Koffee Korner Inc.)

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