Common use of Escheat Laws Clause in Contracts

Escheat Laws. Notwithstanding any provisions of this Section 2 to the contrary, neither FAFCO nor the Surviving Corporation shall be liable to any holder of the Company Common Certificates formerly representing Company Common 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 2 contracts

Sources: Merger Agreement (Speizer Mark), Merger Agreement (National Information Group)

Escheat Laws. Notwithstanding any provisions of this Section 2 to the contrary, neither FAFCO nor none of Parent, FACO and the Company Surviving Corporation shall be liable to any holder of the Company Common Certificates formerly representing shares of Company Common Shares 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 (Us Search Corp Com)

Escheat Laws. Notwithstanding any provisions of this Section 2 to ------------ the contrary, neither FAFCO FACO nor the Surviving Corporation shall be liable to any holder of the Company Common Certificates formerly representing Company Common 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: Merger Agreement (Credit Management Solutions Inc)