Common use of When Indemnitee’s Prior Consent Required Clause in Contracts

When Indemnitee’s Prior Consent Required. The Company will not, without the prior written consent of Indemnitee, consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise which (a) includes an admission of fault of Indemnitee, any non-monetary remedy imposed on Indemnitee or a Loss for which Indemnitee is not wholly indemnified hereunder or (b) with respect to any Proceeding with respect to which Indemnitee may be or is made a party or a participant or may be or is otherwise entitled to seek indemnification hereunder, does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which release will be in form and substance reasonably satisfactory to Indemnitee.

Appears in 4 contracts

Samples: Indemnification Agreement (Laredo Petroleum, Inc.), Indemnification Agreement (Laredo Petroleum Holdings, Inc.), Indemnification Agreement (Laredo Petroleum Holdings, Inc.)

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