Rights of Indemnifying Party. Subject to Section 7.11(b), the Indemnifying Party shall have the right, but not the obligation, at its expense, to assume control of the negotiation, settlement or defence of the Third Party Claim, upon acknowledging in writing responsibility for, and agreeing to indemnify the Indemnified Party in respect of, the Third Party Claim.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Igi Laboratories, Inc), Asset Purchase Agreement (Igi Laboratories, Inc)
Rights of Indemnifying Party. Subject to Section 7.11(b), the The Indemnifying Party shall will have the right, but not the obligation, at its expense, to assume participate in but not control of the negotiation, settlement or defence of the Third Party Claim, upon acknowledging in writing responsibility for, and agreeing to indemnify which control will rest at all times with the Indemnified Party in respect ofParty, unless the Third Party Claim.Indemnifying Party:
Appears in 2 contracts
Samples: Share Purchase Agreement (Andersons Inc), Share Purchase Agreement (Andersons Inc)
