Common use of Securityholder Litigation Clause in Contracts

Securityholder Litigation. The Partnership and the General Partner shall give Parent prompt notice and the opportunity to participate in the defense or settlement of any securityholder litigation against the Partnership and the General Partner and/or their directors (as applicable) relating to the transactions contemplated by this Agreement and no such settlement shall be agreed to without the prior written consent of Parent, which consent shall not be unreasonably withheld, conditioned or delayed.

Appears in 4 contracts

Samples: Merger Agreement (HF Sinclair Corp), Merger Agreement (Holly Energy Partners Lp), Merger Agreement (Shell Midstream Partners, L.P.)

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Securityholder Litigation. The Partnership and the General Partner shall give Parent prompt notice and the opportunity to participate in lead the joint defense or settlement of any securityholder litigation against the Partnership and Partnership, the General Partner or their respective officers and/or their directors (as applicable) relating to the transactions contemplated by this Agreement Merger and the other Transactions, and no such settlement shall be agreed to without the prior written consent of Parent, which consent shall not be unreasonably withheld, conditioned or delayed.

Appears in 3 contracts

Samples: Merger Agreement (GasLog Ltd.), Merger Agreement (GasLog Partners LP), Merger Agreement (GasLog Ltd.)

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Securityholder Litigation. The Partnership and the General Partner Parties shall give Parent prompt notice and the opportunity to participate in the defense or settlement of any securityholder litigation demand, litigation, arbitration or similar action (including derivative claims) against the Partnership and the General Partner and/or Parties or their directors (as applicable) relating to the transactions contemplated by this Agreement and no such settlement shall be offered or agreed to without the prior written consent of Parent, which consent shall not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Merger Agreement (Phillips 66)

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