Extract to table

The DPA is a prerequisite to execution of the SaaS subscription agreement and must satisfy the rigorous third-party risk management ("TPRM") requirements applicable to FDIC-insured institutions under OCC Bulletin 2023-17 and related guidance

the party seeking indemnification) must provide prompt written notice to the indemnifying party upon becoming aware of a third-party claim that may give rise to an indemnification obligation

Neither party should settle any indemnified claim without the prior written consent of the other party, which consent shall not be unreasonably withheld, conditioned, or delayed

(c) Insurance proceeds received by Skybridge in respect of a covered claim shall be applied toward the satisfaction of Skybridge's indemnification obligations, thereby reducing the amount payable by Skybridge directly

(d) Bastion Mutual's subrogation rights shall be preserved, and Meridian shall cooperate with any subrogation action brought by Bastion Mutual against third parties responsible for the loss

(e) Skybridge shall not take any action that would void or materially impair its insurance coverage without prior notice to Controllers that may be affected