Litigation Conditions definition

Litigation Conditions has the meaning set forth in Section 11.3.

Litigation Conditions has the meaning set forth in Section 7.2(b).

Litigation Conditions has the meaning set forth in Section 6.05(b).

Examples of Litigation Conditions in a sentence

• The Indemnified Party may, at any time, assume the defense of a Third Party Claim if at any time the Litigation Conditions are not satisfied with respect to such Claim.

• The Indemnified Party may assume responsibility for such defense if the Litigation Conditions are not satisfied, by written notice to the Indemnifying Party within the Election Time Period.

• Within ten (10) Business Days after the Indemnifying Party has given notice to the Indemnified Party of its exercise of its right to defend a Third Party Claim, the Indemnified Party shall give notice to the Indemnifying Party of any objection thereto based upon the Litigation Conditions.

• Subject to compliance with the Litigation Conditions, the Indemnifying Party shall retain counsel reasonably satisfactory to the Indemnified Party to represent the Indemnified Party and shall pay the fees and expenses of such counsel related to such proceeding.

• If no such notice of objection is given, or if any such objection is withdrawn, the Indemnifying Party shall be entitled to assume and conduct such defense, with counsel selected by the Indemnifying Party and reasonably acceptable to the Indemnified Party, until such time as the Indemnified Party shall give notice that any of the Litigation Conditions, in its reasonable judgment, are no longer satisfied.

More Definitions of Litigation Conditions

Litigation Conditions is defined in Section 10.4.2.

Litigation Conditions has the meaning set forth in Section 3.5(b)(ii).

Litigation Conditions shall have the meaning set forth in Section 10.4(b).

Litigation Conditions is defined in Section 9.4(i)(i).

Litigation Conditions means, with respect to a Claim, (a) such Claim does not seek injunctive relief or non-monetary damages from the Indemnitee and (b) the Indemnitor expressly agrees in writing that as between the Indemnitor and Indemnitee, the Indemnitor shall be solely obligated to satisfy and discharge such Claim in full and is able to reasonably demonstrate that it has sufficient financial resources to meet such indemnification obligations. ​ ​

Litigation Conditions means, with respect to a Third Party Claim, (a) such Third Party Claim does not seek injunctive relief or non-monetary damages from the Indemnitee and (b) the Indemnitor expressly agrees in writing that as between the Indemnitor and the Indemnitee, the Indemnitor shall be solely obligated to satisfy and discharge such Third Party Claim in full and is able to reasonably demonstrate that it has sufficient financial resources.

Litigation Conditions means, collectively, the following with respect to any proceeding relating to a claim for indemnification under Article 11 based on a Third Party Claim: (i) such proceeding (including any compromise or settlement thereof) does not seek any order, injunction or other equitable relief against the Indemnified Party, (ii) such proceeding does not arise in connection with a criminal action against the Indemnified Party and (iii) in the reasonable judgement of the Indemnified Party based on the advice of counsel, there is no actual, conflict of interest between the Indemnifying Party and the Person making the Third Party Claim in question.