Right to Settle. The Indemnified Party shall have the right to undertake the defense, compromise or settlement of any Claim asserted by a third party or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment.
Appears in 8 contracts
Sources: Acquisition Agreement (Outback Steakhouse Inc), Acquisition Agreement (Outback Steakhouse Inc), Acquisition Agreement (Outback Steakhouse Inc)
Right to Settle. The Indemnified Indemnifying Party shall have the right to undertake the defense, compromise or settlement of any Claim asserted by a third party or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right subject to challenge the Indemnified Party's defense’s reasonable approval, compromise, settlement which approval shall not be unreasonably delayed or consent to judgmentwithheld.
Appears in 4 contracts
Sources: Purchase Agreement (Outback Steakhouse Inc), Purchase Agreement (Outback Steakhouse Inc), Purchase Agreement (Outback Steakhouse Inc)
Right to Settle. The Indemnified Indemnifying Party shall have the right to undertake the defense, compromise or settlement of any Claim asserted by a third party or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right subject to challenge the Indemnified Party's defense’s reasonable approval, compromisewhich approval shall not be unreasonably conditioned, settlement delayed or consent to judgmentwithheld.
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