Settlement of Claims Clause Example from Business Contracts

This example Settlement of Claims clause appears in 10 contracts from 8 companies

Settlement of Claims. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any threatened or pending Claim related to an Indemnifiable Event effected without the Company's prior written consent, which shall not be unreasonably withheld. The Company shall not settle any Claim related to an Indemnifiable Event in any manner that would impose any Losses on the Indemnitee without the Indemnitee's prior written consent.
VALHI INC Contracts

INDEMNIFICATION AGREEMENT (Filed With SEC on May 26, 2016)