Common use of Return of Unclaimed Funds Clause in Contracts

Return of Unclaimed Funds. Any cash provided to the Exchange ------------------------- Agent pursuant to this Section 2.10 and not exchanged for Certificates within six months after the Effective Time will be returned by the Exchange Agent to the Surviving Corporation, which thereafter will act as Exchange Agent. Notwithstanding the foregoing, neither the Exchange Agent nor any party hereto shall be liable to a holder of Shares for any Merger Consideration delivered to a public official pursuant to applicable abandoned property, escheat and similar laws.

Appears in 2 contracts

Samples: Merger Agreement (Black Leon D), Merger Agreement (Telemundo Group Inc)

AutoNDA by SimpleDocs

Return of Unclaimed Funds. Any cash provided to the Exchange ------------------------- Agent pursuant to this Section 2.10 and not exchanged for Certificates within six months after the Effective Time will be returned by the Exchange Agent to the Surviving Corporation, which thereafter will act as Exchange Agent. Notwithstanding the foregoing, neither the Exchange Agent nor any party hereto shall be liable to a holder of Shares for any Merger Consideration delivered to a public official pursuant to applicable abandoned property, escheat and similar laws.

Appears in 2 contracts

Samples: Merger Agreement (Bastion Capital Fund Lp), Merger Agreement (Telemundo Holding Inc)

Return of Unclaimed Funds. Any cash provided to the Exchange ------------------------- Agent pursuant to this Section 2.10 2.5 and not exchanged for Certificates within six months after the Effective Time will be returned by the Exchange Agent to the Surviving Corporation, which thereafter will act as Exchange Agent. Notwithstanding the foregoing, neither the Exchange Agent nor any party hereto shall be liable to a holder of Shares shares of Company Common Stock for any Merger Consideration delivered to a public official pursuant to applicable abandoned property, escheat and similar laws.

Appears in 1 contract

Samples: Merger Agreement (99 Cents Only Store)

Return of Unclaimed Funds. Any cash provided to the Exchange ------------------------- Agent pursuant to this Section 2.10 and not exchanged for Certificates within six months after the Effective Time will be returned by the Exchange Agent to the Surviving Corporation, Corporation which thereafter will act as Exchange Agent. Notwithstanding the foregoing, neither the Exchange Agent nor any party hereto shall be liable to a holder of Shares for any Merger Consideration delivered to a public official pursuant to applicable abandoned property, escheat and similar laws.

Appears in 1 contract

Samples: Merger Agreement (FMST Acquisition)

AutoNDA by SimpleDocs

Return of Unclaimed Funds. Any cash provided to the Exchange ------------------------- Agent pursuant to this Section 2.10 and not exchanged for Certificates within six months after the Effective Time will be returned by the Exchange Agent to the Surviving Corporation, Corporation which thereafter will act as Exchange Agent. Notwithstanding the foregoing, neither the Exchange Agent nor any party hereto shall be liable to a holder of Shares for any Merger Consideration delivered to a public official pursuant to applicable abandoned property, escheat and or similar laws.

Appears in 1 contract

Samples: Merger Agreement (Ne Holdco Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!