Common use of Shared Counsel Clause in Contracts

Shared Counsel. If you and one or more other people who may be entitled to indemnification from us are parties to any Proceeding, we may require you to engage the same legal counsel as the other people. You may still employ separate legal counsel in such a Proceeding, but we will not be liable to you for the fees and expenses of your separate counsel that you incur after you receive our Notice of the requirement to engage the same counsel as other people, unless you and we reasonably conclude that there may be a conflict of interest between you and any of the other people represented by the counsel we require.