Rights of Indemnifying Party. In the event a Claim Notice is delivered with respect to a Third Party Claim, the Indemnifying Party shall have the right, at its expense, to participate in but not control the negotiation, settlement or defence of the Third Party Claim, which control shall rest at all times with the Indemnified Party.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Arras Minerals Corp.), Asset Purchase Agreement (BBX Capital, Inc.), Asset Purchase Agreement
Rights of Indemnifying Party. In the event a Claim Notice is delivered with respect to a Third Party Claim, the Indemnifying Party shall have the right, at its expense, to participate in but not control the negotiation, settlement or defence of the Third Party Claim, which control shall rest at all times with the Indemnified Party, except as otherwise stated in Section 4.11(2).
Appears in 2 contracts
Rights of Indemnifying Party. In the event a Claim Notice is delivered with respect to a Third Party Claim, the Indemnifying Party shall have the right, at its expense, to participate in but not control the negotiation, settlement or defence of the Third Party Claim, which control provided that no settlement shall rest at all times with be actually entered into without the consent of both the Indemnified Party and the Indemnifying Party, in each case acting in a commercially reasonable manner.
Appears in 2 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Mastech Digital, Inc.)
Rights of Indemnifying Party. In the event a Claim Notice is delivered with respect to a Third Party Claim, the Indemnifying Party shall have the right, at its expense, to participate in but not control the negotiation, settlement or defence of the Third Party Claim, which control shall rest at all times with the Indemnified Party, except as otherwise stated in Section 4.10(2).
Appears in 1 contract
Samples: Preliminary Share Purchase Agreement
