Common use of Right to Contest and Defend Clause in Contracts

Right to Contest and Defend. The indemnitor hereunder shall be --------------------------- entitled, at its cost and expense, to contest and defend by all appropriate legal proceedings, any claim with respect to which it is called upon to indemnify the other party hereunder; provided, that notice of the intention to so contest shall be delivered by the indemnitor to the indemnitee within 15 calendar days from the date indemnitor received notice of the indemnitee's claim. Any such contest may be conducted in the name and on behalf of the indemnitor or the indemnitee as may be appropriate. Such contest shall be conducted by reputable counsel employed by the indemnitor, but the indemnitee shall have the right to participate in such proceedings and to be represented by counsel of its own choosing at its sole cost and expense. If the indemnitee joins in any such contest, the indemnitor shall have full authority to determine all action to be taken with respect thereto; provided, however, that the indemnitor shall not have the authority to subject the indemnitee to any obligation whatsoever, other than the performance of purely ministerial tasks (e.g., the execution of settlement agreements and other documentation) or obligations not involving significant expense. If the indemnitor does not elect to contest any such claim, the indemnitor shall be bound by any judicial result obtained with respect thereto by the indemnitee. Indemnitor shall not be bound by any settlement that it does not expressly approve.

Appears in 1 contract

Sources: Offer to Purchase (Gothic Energy Corp)

Right to Contest and Defend. The indemnitor hereunder Indemnifying Party shall be --------------------------- entitledcontest and defend, at its sole cost and expense, to contest and defend by all appropriate legal proceedings, proceedings any claim Claim with respect to which it is called upon to indemnify the other party hereunderIndemnified Party under the provisions of this Agreement; provided, that notice of the intention to so contest shall be delivered by the indemnitor Indemnifying Party to the indemnitee within 15 calendar Indemnified Party as soon as reasonably possible after (but no later than twenty [20] days from from) the date indemnitor received of receipt by the Indemnifying Party of notice by the Indemnified Party of the indemnitee's claimassertion of the Claim. Any such contest may be conducted in the name and on behalf of the indemnitor -13- Indemnifying Party or the indemnitee Indemnified Party as may be appropriate. Such contest shall be conducted by reputable counsel employed by the indemnitorIndemnifying Party, but the indemnitee Indemnified Party shall have the right but not the obligation to participate in such proceedings and to be represented by counsel of its own choosing at its sole cost and expense. If the indemnitee joins in any such contest, the indemnitor The Indemnifying Party shall have full authority to determine all action to be taken with respect thereto; provided, however, that the indemnitor shall Indemnifying Party will not have the authority to subject the indemnitee Indemnified Party to any obligation whatsoeverwhatsoever (whether financial or the imposition of equitable or injunctive relief), other than the performance of purely ministerial tasks (e.g., the execution of settlement agreements and other documentation) or obligations not involving significant expensematerial expense (for which the Indemnified Party shall be reimbursed). If the indemnitor Indemnifying Party does not elect to contest any such claimClaim, the indemnitor Indemnifying Party shall be bound by any judicial the result obtained with respect thereto by the indemnitee. Indemnitor shall not be bound by any settlement that it does not expressly approveIndemnified Party.

Appears in 1 contract

Sources: Intellectual Property Purchase Agreement (Isolagen Inc)