Common use of Settlement by Company Clause in Contracts

Settlement by Company. With respect to a Claim for which the Company is obliged to indemnify the Indemnitee hereunder, the Company may conduct negotiations towards the settlement of such Claim and, with the written consent of the Indemnitee (which the Indemnitee agrees not to unreasonably withhold), the Company may make such settlement as it deems expedient, provided however that the Indemnitee shall not be required, as part of any proposed settlement of such Claim, to admit liability or agree to indemnify the Company in respect of, or make contribution to, any compensation or other payment for which provision is made under the settlement. The Company shall pay any compensation or other payment for which provision is made by such settlement.

Settlement by Company. With respect to a Claim for which the Company is obliged to indemnify the Indemnitee Trustee hereunder, the Company may conduct negotiations towards the settlement of such a Claim and, with the written consent of the Indemnitee Trustee (which the Indemnitee Trustee agrees not to unreasonably withhold), ) the Company may make such settlement as it deems expedient, provided however that the Indemnitee Trustee shall not be required, as part of any proposed settlement of such a Claim, to admit liability or agree to indemnify the Company in respect of, or make contribution to, any compensation or other payment for which provision is made under the settlement. The Company shall pay any compensation or other payment for which provision is made by such settlement.

Settlement by Company. With respect to a Claim for which the Company is --------------------- obliged to indemnify the Indemnitee Trustee hereunder, the Company may conduct negotiations towards the settlement of such a Claim and, with the written consent of the Indemnitee Trustee (which the Indemnitee Trustee agrees not to unreasonably withhold), ) the Company may make such settlement as it deems expedient, provided however that the Indemnitee Trustee shall not be required, as part of any proposed settlement of such a Claim, to admit liability or agree to indemnify the Company in respect of, or make contribution to, any compensation or other payment for which provision is made under the settlement. The Company shall pay any compensation or other payment for which provision is made by such settlement.