Common use of Securityholder Litigation Clause in Contracts

Securityholder Litigation. The Company shall promptly notify Parent of any litigation against the Company and/or its directors relating to the Transactions. The Company shall control any Legal Proceeding brought by stockholders of the Company against the Company and/or its directors relating to the Transactions; provided, that the Company shall give Parent the right to review and comment on all material filings or responses to be made by the Company in connection with such litigation, and the right to consult on the settlement with respect to such litigation, and the Company shall in good faith take such comments into account. No such settlement shall be agreed to without Parent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

Securityholder Litigation. The Until the termination of this Agreement in accordance with Section 8, the Company shall promptly notify Parent of any litigation Legal Proceedings against the Company Acquired Corporations and/or its any of their directors or officers relating to the Transactions. The Company Parent shall control have the right to participate in the defense or settlement of any such Legal Proceeding brought by stockholders of the Company against the Company and/or its directors relating to the Transactions; provided, that the Company shall give Parent the right and to review and comment on all material filings or responses to be made by the Company in connection with such litigation, and the right to consult on the settlement with respect to such litigationLegal Proceedings, and the Company shall will in good faith take such comments into account. No such settlement , and no settlement, release, waiver or compromise relating to the Transactions shall be agreed to without Parent’s prior written consent, consent (which consent shall not be unreasonably withheld, conditioned or delayed).

Securityholder Litigation. The Company shall promptly notify Parent of any litigation against the Company and/or its directors relating to the Transactions. The Company shall control any Legal Proceeding brought by stockholders of the Company against the Company and/or its directors relating to the Transactions; provided, provided that the Company shall give Parent the right to review and comment on all material filings or responses to be made by the Company in connection with such litigation, and the right to consult on the settlement with respect to such litigation, and the Company shall in good faith take such comments into account. No such settlement shall be agreed to without Parent’s prior written consent, which consent shall (such consent not to be unreasonably withheld, conditioned or delayed), except to the extent the settlement is fully covered by the Company’s insurance policies (other than any applicable deductible), but only if such settlement would not result in the imposition of any restriction on the business or operations of the Company.

Securityholder Litigation. The Company shall promptly notify Parent of any litigation Legal Proceeding commenced against the Company and/or or its directors relating to the TransactionsTransactions (“Transaction Litigation”). The Company shall control any Legal Proceeding brought by stockholders of the Company against the Company and/or its directors relating to the Transactions; provided, that the Company shall give Parent the right to review and comment on all material filings or responses to be made by the Company in connection with such litigationTransaction Litigation, and the right to consult on the settlement with respect to such litigation, and the Company shall in good faith take such comments into accountaccount and shall give the Company the opportunity to participate in the defense and settlement of any such Transaction Litigation. No such settlement shall be agreed to without Parent’s prior written consent, which consent shall (such consent not to be unreasonably withheld, conditioned or delayed). The Company will keep Parent reasonably informed with respect to the status of any such Legal Proceeding.

Securityholder Litigation. The Company shall promptly notify Parent of any litigation against the Company and/or its directors relating to the Transactions. The Company shall control any Legal Proceeding brought by stockholders of the Company against the Company and/or its directors relating to the Transactions; provided, that the Company shall give Parent the right to review and comment on all material filings or responses to be made by the Company in connection with such litigation, and the right to consult on the settlement with respect to such litigation, and the Company shall in good faith take such comments into account. No such settlement shall be agreed to without Parent’s prior written consent, which consent shall (such consent not to be unreasonably withheld, conditioned or delayed), except to the extent the settlement is fully covered by the Company’s insurance policies (other than any applicable deductible), but only if such settlement would not result in the imposition of any restriction on the business or operations of the Company.

Securityholder Litigation. The Company shall promptly notify Parent in writing of, and give Parent the opportunity to participate, at Parent’s expense, in the defense of, any claim or litigation related to this Agreement, the Offer, the Merger or the other Transactions brought by any stockholder of the Company or any litigation holder of the Company’s other securities against the Company and/or its directors relating or officers and the Company shall consider the Parent’s advice with respect to such claim or litigation, including the Transactionsdefense and settlement thereof. The Company shall control not agree to any Legal Proceeding brought by stockholders full or partial compromise or settlement of any such claim or litigation without the Company against the Company and/or its directors relating to the Transactions; provided, that the Company shall give Parent the right to review and comment on all material filings or responses to be made by the Company in connection with such litigation, and the right to consult on the settlement with respect to such litigation, and the Company shall in good faith take such comments into account. No such settlement shall be agreed to without Parent’s prior written consent, consent (which consent shall not be unreasonably withheld, conditioned or delayed).