Common use of Submission to Court Clause in Contracts

Submission to Court. The Indemnified Party acknowledges that an Indemnifying Party may undertake or be required in the future to undertake with the regulatory authorities to submit the question of indemnification to a court in certain circumstances for a determination of such Indemnifying Party’s right at law or under public policy to indemnify the Indemnified Party and, where such submission takes place, the Indemnified Party acknowledges that the Indemnified Party’s rights of indemnity hereunder will be limited to those specified in any Final Determination made in connection therewith.

Appears in 5 contracts

Samples: Indemnification Agreement (Bumble Bee Capital Corp.), Indemnification Agreement (Bumble Bee Capital Corp.), Indemnification Agreement (Bumble Bee Capital Corp.)

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