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 68 contracts

Sources: Merger Agreement (Battalion Oil Corp), Merger Agreement (Battalion Oil Corp), Settlement Agreement

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 39 contracts

Sources: Escrow Agreement (Trident Digital Tech Holdings LTD), Escrow Agreement (Wellchange Holdings Co LTD), Escrow Agreement (FullPAC, 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 escheat by operation of law.

Appears in 18 contracts

Sources: Underwriting Agreement (CCSC Technology International Holdings LTD), Escrow Agreement (Julong Holding LTD), Escrow Agreement (Dalu International Group 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 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

Sources: 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 Shares escheat by operation of law.

Appears in 6 contracts

Sources: Equity Stock Transfer Escrow Agreement (Red Cat Holdings, Inc.), Share Purchase Agreement (Red Cat Holdings, Inc.), Equity Stock Transfer Escrow Agreement (Red Cat 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 escheat by operation of law.

Appears in 6 contracts

Sources: Purchase Agreement (ContextLogic Holdings Inc.), Merger Agreement (Resmed Inc), Escrow Agreement

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

Sources: Escrow Agreement (NewLake Capital Partners, Inc.), Escrow Agreement (NewLake Capital Partners, Inc.), Merger Agreement (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 Deposit escheat by operation of law.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Golden Developing Solutions, Inc.), Asset Purchase Agreement (Golden Developing Solutions, Inc.), Asset Purchase and Sale Agreement (Golden Developing Solutions, 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

Sources: Purchase Agreement, Escrow Agreement (Beacon Roofing Supply Inc), Purchase 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 Escrowed Consideration escheat by operation of law.

Appears in 3 contracts

Sources: 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

Sources: Escrow Agreement (Goldman Sachs Group Inc), Equity and Note Purchase Agreement (Biotime Inc), Escrow Agreement (Biotime 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

Sources: 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 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

Sources: 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 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

Sources: Escrow Agreement (U Power LTD), Escrow Agreement (TD Holdings, 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 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

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

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

Sources: Purchase and Sale Agreement (Infrastructure & Energy Alternatives, Inc.), Merger 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 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

Sources: 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 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

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

Sources: Escrow Agreement (Ascent Media 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 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

Sources: Business Combination Agreement (Fintech Ecosystem Development 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 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

Sources: 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 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

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

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

Sources: Purchase Agreement (Horace Mann Educators Corp /De/)

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

Sources: Escrow Agreement

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

Sources: Asset Purchase Agreement (Costar 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. Section 4.3.

Appears in 1 contract

Sources: Purchase and Sale 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 Securities escheat by operation of law.

Appears in 1 contract

Sources: Merger 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

Sources: Securities Purchase Agreement (KULR Technology 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 Funds and any proceeds thereof escheat by operation of law.

Appears in 1 contract

Sources: 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 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.

Appears in 1 contract

Sources: Share Purchase Agreement (Codex DNA, 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

Sources: Merger Agreement (Ak Steel Holding 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 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

Sources: Merger Agreement (Campus Crest Communities, 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

Sources: Escrow Agreement (Genco Shipping & Trading LTD)

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 Trustee 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 Trust Shares escheat by operation of law.

Appears in 1 contract

Sources: Trust Agreement (Live Nation, 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 Amounts escheat by operation of law.

Appears in 1 contract

Sources: Purchase Agreement (Keane 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

Sources: Securities Purchase Agreement (Hutchinson Technology Inc)

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

Sources: Escrow Agreement (Turcotte William Ii)

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

Sources: Merger Agreement (Forward Air 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 Investor Funds escheat by operation of law.

Appears in 1 contract

Sources: Escrow Agreement (Worthy Financial, 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

Sources: Escrow Agreement (Ascent Media CORP)

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

Sources: Escrow Agreement (Seaspan 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 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

Sources: Asset Purchase Agreement

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

Sources: Share Purchase Agreement (Infrared Systems International)

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

Sources: Escrow Agreement (Steel Dynamics 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

Sources: Stock Purchase Agreement (Delek US Holdings, 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 Funds escheat by operation of law.. WTNA -- Subscription Escrow Agreement (with Placement Agent) (05/2021)

Appears in 1 contract

Sources: Escrow Agreement (Monogram Orthopaedics Inc)

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

Sources: Escrow Agreement (Cincinnati Bell Inc)

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

Sources: 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 WC Escrow Property Fund and the Escrow Fund escheat by operation of law.

Appears in 1 contract

Sources: Merger Agreement (Repligen Corp)

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

Sources: Escrow Agreement (GOOD TECHNOLOGY Corp)