Common use of Escheat Clause in Contracts

Escheat. Notwithstanding the foregoing, neither the Exchange Agent, if any, nor any party hereto shall be liable to any former holder of Xxxxxx Stock for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Marion Capital Holdings Inc), Agreement and Plan of Merger (MFS Financial Inc)

AutoNDA by SimpleDocs

Escheat. Notwithstanding the foregoing, neither the Exchange Agent, if any, Agent nor any party hereto shall Party will be liable to any former holder of Xxxxxx Bank Stock for any amount properly delivered to a public official pursuant to under applicable abandoned property, escheat or similar laws.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bingham Financial Services Corp), Agreement and Plan of Merger (Bingham Financial Services Corp)

Escheat. Notwithstanding the foregoing, neither the Exchange Agent, if any, Agent nor any party hereto shall be liable to any former holder of Xxxxxx Alliance Stock for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alliance Bancorp)

Escheat. Notwithstanding the foregoing, neither the Exchange Agent, if any, Agent nor any party hereto shall be liable to any a former holder of Xxxxxx the Company Common Stock for any amount properly cash delivered to a public official pursuant to applicable abandoned property, escheat or similar abandoned property laws.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Damen Financial Corp)

AutoNDA by SimpleDocs

Escheat. Notwithstanding the foregoing, neither the Exchange Agent, if any, nor any party hereto shall be liable to any former holder of Xxxxxx ALBANK Stock for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Charter One Financial Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.