Common use of Settlement of Third Party Claim Clause in Contracts

Settlement of Third Party Claim. No Indemnitee shall agree to any settlement of any such Third Party Claim without the prior written consent of the indemnifying Party, which shall not be unreasonably withheld, delayed or conditioned. The indemnifying Party shall not agree to any settlement of such Third Party Claim or consent to any judgment in respect thereof that does not include a complete and unconditional release of the Indemnitee from all liability with respect thereto or that imposes any liability or obligation on the Indemnitee without the prior written consent of the Indemnitee which shall not be unreasonably withheld, conditioned or delayed.

Appears in 7 contracts

Samples: License and Supply Agreement (Intrinsic Medicine, Inc.), License Agreement (Intrinsic Medicine, Inc.), Development, Commercialization and License Agreement

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Settlement of Third Party Claim. No Indemnitee shall agree to any settlement of any such Third Third-Party Claim without the prior written consent of the indemnifying Party, which shall not be unreasonably withheld, delayed delayed, or conditioned. The indemnifying Party shall not agree to any settlement of such Third Party Claim or consent to any judgment in respect thereof that does not include a complete and unconditional release of the Indemnitee from all liability with respect thereto or that imposes any liability or obligation on the Indemnitee without the prior written consent of the Indemnitee which shall not be unreasonably withheld, conditioned or delayed.

Appears in 2 contracts

Samples: Research and Development Collaboration Agreement (Intrinsic Medicine, Inc.), Research and Development Collaboration Agreement (Intrinsic Medicine, Inc.)

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