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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: Merger Agreement (Marion Capital Holdings Inc), Merger Agreement (MFS Financial Inc)

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: Merger Agreement (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: Merger Agreement (Alliance Bancorp)

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: Merger Agreement (Charter One Financial Inc)

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: Merger Agreement (Damen Financial Corp)