Common use of Right to Retain Counsel Clause in Contracts

Right to Retain Counsel. The Corporation agrees to promptly retain counsel who shall be satisfactory to the Indemnified Party to represent the Indemnified Party. In any such matter the Indemnified Party shall have the right to retain other counsel to act on his behalf, provided that the fees and disbursements of such other counsel shall be paid by the Indemnified Party unless: (a) the Indemnified Party and the Corporation shall have mutually agreed to the retention of such other counsel; (b) the parties to any such Proceeding (including any added third, or interpleaded parties) include the Corporation and the Indemnified Party and representation of more than one party by the same counsel would be inappropriate due to actual or potential differing interests between them (including the availability of different defenses) in which event the Corporation agrees to pay the fees and disbursements of such counsel; or (c) the Corporation shall have failed to retain, in а reasonable period of time, counsel which is satisfactory to the Indemnified Party to represent the Indemnified Party.

Right to Retain Counsel. The Corporation agrees to promptly retain counsel who shall be satisfactory to approved by the Indemnified Party to represent the Indemnified Party, such approval not to be unreasonably withheld, delayed or conditioned. In any such matter the Indemnified Party shall have the right to retain other counsel to act on his behalf, provided that the fees and disbursements of such other counsel shall be paid by the Indemnified Party unless: (a) the Indemnified Party and the Corporation shall have mutually agreed to the retention of such other counsel; (b) the parties to any such Proceeding civil, criminal or administrative action, proceeding, investigation, inquiry or hearing (including any added third, or interpleaded parties) include the Corporation and the Indemnified Party and and, in the reasonable opinion of counsel to the Indemnified Party, representation of more than one party by the same counsel would be inappropriate due to actual or potential differing interests between them (including the availability of different defenses) in which event the Corporation agrees to pay the fees and disbursements of such counsel; or (c) the Corporation shall have failed to retain, in а reasonable period of time, counsel which is reasonably satisfactory to the Indemnified Party to represent the Indemnified Party.

Right to Retain Counsel. The Corporation agrees to promptly retain counsel who shall be satisfactory to the Indemnified Party to represent the Indemnified Party. In any such matter the Indemnified Party shall have the right to retain other counsel to act on his behalf, provided that the fees and disbursements of such other counsel shall be paid by the Indemnified Party unless: (a) the Indemnified Party and the Corporation shall have mutually agreed to the retention of such other counsel; (b) the parties to any such Proceeding civil, criminal or administrative action, proceeding, investigation, inquiry or hearing (including any added third, or interpleaded parties) include the Corporation and the Indemnified Party and representation of more than one party by the same counsel would be inappropriate due to actual or potential differing interests between them (including the availability of different defenses) in which event the Corporation agrees to pay the fees and disbursements of such counsel; or (c) the Corporation shall have failed to retain, in а à reasonable period of time, counsel which is satisfactory to the Indemnified Party to represent the Indemnified Party.