Common use of Indemnification Statement Clause in Contracts

Indemnification Statement. The foregoing notice shall be sworn to by all persons who participated in the determination and voted to deny indemnification. The provisions of this Section 4(a) are intended to be procedural only and shall not affect the right of the Indemnitee to indemnification under this Agreement, and any determination by the Board that the Indemnitee is not entitled to indemnification and any failure to make the payments requested in the Indemnification Statement shall be subject to judicial review as provided in Section 6 hereof.

Appears in 2 contracts

Sources: Indemnification Agreement (Detroit Edison Co), Indemnification Agreement (Michigan Consolidated Gas Co /Mi/)