Common use of Settlement of Indemnity Claims Clause in Contracts

Settlement of Indemnity Claims. The Indemnifying Party shall not, without the prior written consent of the Indemnified Party, (a) settle or compromise any Indemnity Claim or consent to the entry of any final judgment that does not include as an unconditional term thereof the delivery by the claimant or plaintiff of a written release or releases from all liability in respect of such Indemnity Claim of all Indemnified Parties affected by such Indemnity Claim, or (b) settle or compromise any Indemnity Claim if the settlement imposes equitable remedies or material obligations on the Indemnified Party other than financial obligations for which such Indemnified Party shall be indemnified hereunder. Except in the event the Indemnified Party has assumed the defense of the Indemnified Claim pursuant to Section 10.4(b), the Indemnified Party shall not, without the prior written consent of the Indemnifying Party, settle or compromise any Indemnity Claim or consent to the entry of any final judgment with respect to an Indemnity Claim.

Appears in 3 contracts

Samples: Stock and Asset Purchase Agreement (Argonaut Technologies Inc), Stock and Asset Purchase Agreement (Argonaut Technologies Inc), Asset Purchase Agreement (Finisar Corp)

AutoNDA by SimpleDocs

Settlement of Indemnity Claims. The Indemnifying Party shall not, without the prior written consent of the Indemnified Party, (ai) settle or compromise any Indemnity Claim or consent to the entry of any final judgment that which does not include as an unconditional term thereof the delivery by the claimant or plaintiff of a written release or releases from all liability Liability in respect of such Indemnity Claim of all Indemnified Parties affected by such Indemnity Claim, or (bii) settle or compromise any Indemnity Claim if the settlement imposes equitable remedies or material obligations on the Indemnified Party other than financial obligations for which such Indemnified Party shall will be indemnified hereunder. Except No Indemnity Claim that is being defended in good faith by the event Indemnifying Party shall be settled or compromised by the Indemnified Party has assumed the defense of the Indemnified Claim pursuant to Section 10.4(b), the Indemnified Party shall not, without the prior written consent of the Indemnifying Party, settle or compromise any Indemnity Claim or consent to the entry of any final judgment with respect to an Indemnity Claim.

Appears in 2 contracts

Samples: Consulting Services Agreement (Blueknight Energy Partners, L.P.), Consulting Services Agreement (Blueknight Energy Partners, L.P.)

Settlement of Indemnity Claims. The Indemnifying Party shall not, without the prior written consent of the Indemnified Party, (a) settle or compromise any Indemnity Claim or consent to the entry of any final judgment that which does not include as an unconditional term thereof the delivery by the claimant or plaintiff of a written release or releases from all liability in respect of such Indemnity Claim of all Indemnified Parties affected by such Indemnity Claim, or (b) settle or compromise any Indemnity Claim if the settlement imposes equitable remedies or material obligations on the Indemnified Party other than financial obligations for which such Indemnified Party shall will be indemnified hereunder. Except No Indemnity Claim that is being defended in good faith by the event Indemnifying Party shall be settled or compromised by the Indemnified Party has assumed the defense of the Indemnified Claim pursuant to Section 10.4(b), the Indemnified Party shall not, without the prior written consent of the Indemnifying Party, settle or compromise any Indemnity Claim or consent to the entry of any final judgment with respect to an Indemnity Claim.

Appears in 1 contract

Samples: Throughput Capacity Agreement (Blueknight Energy Partners, L.P.)

Settlement of Indemnity Claims. The Indemnifying Party shall not, without the prior written consent of the Indemnified Party, (a) settle or compromise any Indemnity Claim or consent to the entry of any final judgment that does not include as an unconditional term thereof the delivery by the claimant or plaintiff of a written release or releases from all liability in respect of such Indemnity Claim of all Indemnified Parties affected by such Indemnity Claim, or (b) settle or compromise any Indemnity Claim if the settlement imposes equitable remedies or material obligations on the Indemnified Party other than financial obligations for which such Indemnified Party shall be indemnified hereunder. Except in the event the Indemnified Party has assumed the defense of the Indemnified Claim pursuant to Section 10.4(b), the The Indemnified Party shall not, without the prior written consent of the Indemnifying Party, settle or compromise any Indemnity Claim or consent to the entry of any final judgment with respect to an Indemnity Claim.

Appears in 1 contract

Samples: Asset Purchase Agreement (Netiq Corp)

AutoNDA by SimpleDocs

Settlement of Indemnity Claims. The Indemnifying Party shall not, without the prior written consent of the Indemnified Party, (a) settle or compromise any Indemnity Claim or consent to the entry of any final judgment that which does not include as an unconditional term thereof the delivery by the claimant or plaintiff of a written release or releases from all liability in respect of such Indemnity Claim of all Indemnified Parties affected by such Indemnity Claim, or (b) settle or compromise any Indemnity Claim if the settlement imposes equitable remedies or remedies, material obligations on the Indemnified Party other than financial obligations for which such Indemnified Party shall will be indemnified hereunder. Except , or in any way restricts or adversely affects the event future conduct or activity of the Indemnified Party has assumed the defense of the Indemnified or any Affiliate thereof. No Indemnity Claim pursuant to Section 10.4(b), shall be settled or compromised by the Indemnified Party shall not, without the prior written consent of the Indemnifying PartyParty which consent shall not be unreasonably withheld, settle conditioned or compromise any Indemnity Claim or consent to the entry of any final judgment with respect to an Indemnity Claimdelayed.

Appears in 1 contract

Samples: Purchase Agreement (Healthtronics, Inc.)

Settlement of Indemnity Claims. The Indemnifying Party shall not, without the prior written consent of the Indemnified Party, (ai) settle or compromise any Indemnity Claim or consent to the entry of any final judgment that does not include as an unconditional term thereof the delivery by the claimant or plaintiff of a written release or releases from all liability in respect of such Indemnity Claim of all Indemnified Parties affected by such Indemnity Claim, or (bii) settle or compromise any Indemnity Claim if the settlement imposes equitable remedies or material obligations on the Indemnified Party other than financial obligations for which such Indemnified Party shall be indemnified hereunder. Except in the event the Indemnified Party has assumed the defense of the Indemnified Claim pursuant to Section 10.4(b), the The Indemnified Party shall not, without the prior written consent of the Indemnifying Party, settle or compromise any Indemnity Claim or consent to the entry of any final judgment with respect to an Indemnity Claim.

Appears in 1 contract

Samples: Stock Purchase Agreement (TBC Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.