Common use of Escheat Clause in Contracts

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law.

Appears in 57 contracts

Samples: Agreement and Plan of Merger (Battalion Oil Corp), Agreement and Plan of Merger (Battalion Oil Corp), Service Agreement (GPB Holdings II, LP)

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Escheat. The Parties are Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to any of the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Funds escheat by operation of law.

Appears in 31 contracts

Samples: Escrow Agreement (American Rebel Holdings Inc), Escrow Agreement (American Rebel Holdings Inc), Escrow Agreement (IntelGenx Technologies Corp.)

Escheat. The Parties are Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, either Party or any other party, should any or all of the Escrow Property escheat by operation of law.

Appears in 14 contracts

Samples: Escrow Agreement (CCSC Technology International Holdings LTD), Escrow Agreement (CCSC Technology International Holdings LTD), Escrow Agreement (Prestige Wealth Inc.)

Escheat. The Parties are Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to any of the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Amount escheat by operation of law.

Appears in 11 contracts

Samples: Escrow Agreement (RYSE Inc.), Escrow Agreement (Monogram Orthopaedics Inc), Escrow Agreement (Aptera Motors Corp)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law. Section 4.3.

Appears in 8 contracts

Samples: Asset Purchase Agreement (Digital Media Solutions, Inc.), Asset Purchase Agreement (Digital Media Solutions, Inc.), Escrow Agreement (Harte Hanks Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Shares escheat by operation of law.

Appears in 5 contracts

Samples: Share Purchase Agreement (Red Cat Holdings, Inc.), Escrow Agreement (Red Cat Holdings, Inc.), Escrow Agreement (Dataram Corp)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Funds escheat by operation of law.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Resmed Inc), Escrow Agreement, Escrow Agreement (Resmed Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Amount escheat by operation of law.

Appears in 5 contracts

Samples: Escrow Agreement (NewLake Capital Partners, Inc.), Escrow Agreement (NewLake Capital Partners, Inc.), Agreement and Plan of Merger (United Rentals North America Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Escrowed Consideration escheat by operation of law.

Appears in 3 contracts

Samples: Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Escrow Agreement (Integrated Surgical Systems Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Shares escheat by operation of law.

Appears in 3 contracts

Samples: Escrow Agreement (Goldman Sachs Group Inc), Escrow Agreement (Biotime Inc), Registration Rights Agreement (Biotime Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Escrowed Property and any proceeds thereof escheat by operation of law.

Appears in 3 contracts

Samples: Escrow Agreement, Escrow Agreement (Beacon Roofing Supply Inc), Escrow Agreement (Beacon Roofing Supply Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Fund escheat by operation of law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Infrastructure & Energy Alternatives, Inc.), Escrow Agreement (Nortek Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall will have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other partyPerson, should any or all of the Escrow Property escheat by operation of lawLaw.

Appears in 2 contracts

Samples: Stock Purchase Agreement (M/a-Com Technology Solutions Holdings, Inc.), Stock Purchase Agreement (Autoliv Inc)

Escheat. The Parties parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the PartiesParent, APSLP, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Fund escheat by operation of law.

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement (Universal American Corp.)

Escheat. The Parties are Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the PartiesCompany, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Funds escheat by operation of law.

Appears in 2 contracts

Samples: Escrow Agreement (Webuy Global LTD), Escrow Agreement (China Liberal Education Holdings LTD)

Escheat. The Parties are Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, either Party or any other party, should any or all of the Escrow Property Funds escheat by operation of law.

Appears in 2 contracts

Samples: Escrow Agreement (U Power LTD), Escrow Agreement (TD Holdings, Inc.)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Indemnification Escrow Property Fund escheat by operation of law.

Appears in 2 contracts

Samples: Indemnification Escrow Agreement (Esports Entertainment Group, Inc.), Indemnification Escrow Agreement (Esports Entertainment Group, Inc.)

Escheat. The Parties are aware that under applicable state law, property Escrowed Property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, assigns should any or all of the Escrow Escrowed Property become escheatable or escheat by operation of law.

Appears in 2 contracts

Samples: Escrow Agreement (Endorex Corp), Escrow Agreement (Endorex Corp)

Escheat. The Parties parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the PartiesAcquiror or Shareholder Representative, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Fund escheat by operation of law.

Appears in 1 contract

Samples: Business Combination Agreement (Fintech Ecosystem Development Corp.)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law. Section 4.4.

Appears in 1 contract

Samples: Executive Employment Agreement (Infinite Group Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law; provided, that the Escrow Agent shall use commercially reasonable efforts to provide notice to each of the Parties prior to paying any of the Escrow Funds to any governmental authority under applicable escheat laws.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ak Steel Holding Corp)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law.. EXECUTION VERSION

Appears in 1 contract

Samples: Escrow Agreement (NeoStem, Inc.)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the WC Escrow Property Fund and the Escrow Fund escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Repligen Corp)

Escheat. The Parties parties hereto are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable appropriate state. The Escrow Agent shall have no liability to the PartiesIssuer, their respective its heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of lawbe subject to escheat.

Appears in 1 contract

Samples: Escrow Agreement (Steel Dynamics Inc)

Escheat. The Parties parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Partiesparties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Funds and any proceeds thereof escheat by operation of law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Forward Air Corp)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to Nex-Tech and the PartiesSellers, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement

Escheat. The Parties are aware acknowledge that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Fund escheat by operation of law.. 5.3

Appears in 1 contract

Samples: Lease Termination Agreement (Horace Mann Educators Corp /De/)

Escheat. The Parties parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Partiesparties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Fund escheat by operation of law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Campus Crest Communities, Inc.)

Escheat. The Parties parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to any of Parent, the PartiesCompany or the Shareholder Representative, or any of their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the amounts in the Escrow Property Accounts escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Ascent Media CORP)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Amounts escheat by operation of law.

Appears in 1 contract

Samples: Purchase Agreement (Keane Group, Inc.)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable appropriate state. The Escrow Agent shall have no liability to the PartiesCompany, their respective its heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of lawbe subject to escheat.

Appears in 1 contract

Samples: Escrow Agreement (GOOD TECHNOLOGY Corp)

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Escheat. The Parties parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Partiesparties hereto, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Account escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Clinical Data Inc)

Escheat. The Parties parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to any Purchaser, the PartiesPurchasers’ Representative, any Seller, the Sellers’ Representative, or any of their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Fund escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Ascent Media CORP)

Escheat. The Parties are Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to any of the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Funds escheat by operation of law.. WTNA -- Subscription Escrow Agreement (with Placement Agent) (05/2021)

Appears in 1 contract

Samples: Escrow Agreement (Monogram Orthopaedics Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Items escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Infrared Systems International)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law; provided, however, that prior to any such escheatment, to the extent permitted by law, the Escrow Agent shall use its commercially reasonable efforts to provide written notice to the Parties.

Appears in 1 contract

Samples: Transition and Linking Agreement (Costar Group Inc)

Escheat. The Parties parties hereto are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the PartiesSeller, Purchaser, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Funds and any proceeds thereof escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Hutchinson Technology Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Provided that the Escrow Agent has complied with the terms of this Escrow Agreement, the Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Funds or Shareholdes’ Agent Fund escheat by operation of law. Section 4.3.

Appears in 1 contract

Samples: Share Purchase Agreement (Codex DNA, Inc.)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may may, under certain circumstances circumstances, escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Seaspan CORP)

Escheat. The Parties are aware that under applicable state law, property which that is presumed abandoned may could, under certain circumstances circumstances, escheat to the applicable state. The Escrow Agent shall will have no liability to the other Parties, their respective heirs, legal representatives, successors successors, and assigns, or any other party, assigns should any or all of the Escrow Property Proceeds and any proceeds from the Escrow Proceeds escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Cincinnati Bell Inc)

Escheat. The Parties are Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, either Party or any other party, should any or all of the Escrow Property Investor Funds escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Worthy Financial, Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall will have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other partyPerson, should any or all of the Escrow Property Funds escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement

Escheat. The Parties parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the PartiesAcquiror or Member Representative, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Fund escheat by operation of law.

Appears in 1 contract

Samples: Business Combination Agreement (Fintech Ecosystem Development Corp.)

Escheat. The Parties are aware that that, under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the other Parties, their respective heirs, legal representatives, successors and assigns, assigns or any other party, should any or all of the Escrow Property Proceeds escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (China Green Creative, Inc.)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property escheat by operation of law.successors

Appears in 1 contract

Samples: Stock Purchase Agreement (Delek US Holdings, Inc.)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Funds and any proceeds thereof escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (ExOne Co)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Securities escheat by operation of law.

Appears in 1 contract

Samples: Registration Rights Agreement (Biotime Inc)

Escheat. The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Escrowed Funds escheat by operation of law.

Appears in 1 contract

Samples: Securities Purchase Agreement (KULR Technology Group, Inc.)

Escheat. The Parties are Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to the PartiesCompany, their respective its heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Property Deposits escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Genco Shipping & Trading LTD)

Escheat. The Parties are aware that under applicable state lawthe laws of some states, property Escrowed Property which is presumed abandoned may under certain circumstances escheat to the applicable stateState. The Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Escrowed Property become escheatable or escheat by operation of law.

Appears in 1 contract

Samples: Escrow Agreement (Turcotte William Ii)

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