SETTLEMENTS AND DEFENSE. A. No Insured under this Policy may, without the Insurer's prior written consent, which consent shall not be unreasonably withheld, admit liability for or settle any matter for which insurance may be sought under this Policy.
SETTLEMENTS AND DEFENSE. A. No settlement shall be made and no Costs, Charges and Expenses, Facilitation Costs, Inquiry Costs, Security Holder Demand Investigatory Costs or Books and Records Costs shall be incurred without Coverage Provider’s consent, such consent not to be unreasonably withheld. However, Coverage Provider’s consent shall not be required for a settlement where such settlement is for an amount below the applicable Retention (inclusive of Costs, Charges and Expenses) provided the Insureds shall give Coverage Provider as soon as practicable details of the settlement amounts and the date the settlement is confirmed by the court.
