Examples of Company Indemnified Party in a sentence
Institution shall have the right to direct the defense or settlement of any such claim or suit; provided that (i) Institution shall not enter into any settlement or admit fault or liability on behalf of any Company Indemnified Party without the prior written consent of Company.
Any Company Indemnified Party shall have the right to select and to obtain representation by separate legal counsel at such Company Indemnified Party’s own expense.
The County shall not, however, be required to reimburse or indemnify any Company Indemnified Party for any loss or claim to the extent such loss or claim is due to the negligence or willful misconduct of any Company Indemnified Party.
Any Company Indemnified Party claiming a right of indemnification or defense under this Agreement shall provide the Institution prompt notice of any such claim, including a copy thereof, served upon it, and shall reasonably cooperate with Institution and its legal representatives in the investigation of any matter regarding the subject of indemnification, at Institution’s expense.