Common use of Escheat Laws Clause in Contracts

Escheat Laws. Notwithstanding any provision of this Article II to the contrary, neither Parent nor the Surviving Corporation shall be liable to any holder of Certificates formerly representing shares of Acquired Company Stock for any property properly delivered or amount paid to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 2 contracts

Sources: Merger Agreement (Enterprise Systems Inc /De/), Merger Agreement (Hbo & Co)

Escheat Laws. Notwithstanding any provision of this Article II 2 to the contrary, neither Parent nor the Surviving Corporation shall be liable to any holder of Certificates formerly representing shares of Acquired Company BFI Common Stock for any property properly delivered or amount paid to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Sources: Merger Agreement (Nhancement Technologies Inc)

Escheat Laws. Notwithstanding any provision of this Article II 1 to the contrary, neither Parent nor the Surviving Corporation shall be liable to any holder of Certificates formerly representing shares of Acquired Company Stock Oxycal Shares for any property properly delivered or amount paid to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Sources: Acquisition Agreement (Zila Inc)