Effect of Escheat Laws. Neither the Acquiror, the Surviving Corporation, nor any other party hereto shall be liable to a holder of a Stock Certificate for any consideration delivered to a public official pursuant to any applicable abandoned property, escheat or similar laws.
Appears in 2 contracts
Samples: Merger Agreement (Reac Group, Inc.), Merger Agreement (NYBD Holding, Inc.)
Effect of Escheat Laws. Neither the Acquiror, the Surviving CorporationWholly-Owned Subsidiaries, nor any other party hereto shall be liable to a holder of a Stock Certificate for any consideration delivered to a public official pursuant to any applicable abandoned property, escheat or similar laws.
Appears in 2 contracts
Samples: Share Exchange Agreement (Reac Group, Inc.), Share Exchange Agreement (Reac Group, Inc.)
Effect of Escheat Laws. Neither the Acquiror, the Surviving Corporation, nor any other party hereto shall be liable to a holder of a Stock Certificate stock certificate of the Company or Merger Sub for any consideration delivered to a public official pursuant to any applicable abandoned property, escheat or similar laws.
Appears in 1 contract
