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Common use of Escheat Clause in Contracts

Escheat. To the fullest extent permitted by applicable law, neither Parent nor the Company shall be liable to any person for any funds or securities delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 5 contracts

Samples: Merger Agreement (Innovative Payment Solutions, Inc.), Merger Agreement (Ask Jeeves Inc), Merger Agreement (Lendingtree Inc)

Escheat. To the fullest extent permitted by applicable law, neither Parent nor the Company Surviving Corporation shall be liable to any person for any funds or securities delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Merger Agreement (Owosso Corp)

Escheat. To the fullest extent permitted by applicable lawNeither Parent, neither Parent Sub nor the Company shall be ------- liable to any person Person for any funds or securities delivered to a public official pursuant to any applicable abandoned property, escheat or similar lawlaws.

Appears in 1 contract

Samples: Merger Agreement (New England Business Service Inc)