Common use of Escheat Clause in Contracts

Escheat. Notwithstanding anything in this Agreement to the contrary, neither the Exchange Agent nor any party hereto shall be liable to a former holder of Company Common Stock for any consideration delivered to a public official pursuant to applicable escheat or abandoned property laws.

Appears in 6 contracts

Sources: Merger Agreement (Upbancorp Inc), Merger Agreement (St Francis Capital Corp), Agreement and Plan of Reorganization (Efc Bancorp Inc)

Escheat. Notwithstanding anything in this Agreement to the contrary, neither the Exchange Agent nor any party hereto shall be liable to a former holder of Company FMS Common Stock for any consideration delivered to a public official pursuant to applicable escheat or abandoned property laws.

Appears in 3 contracts

Sources: Merger Agreement (Beneficial Mutual Bancorp Inc), Merger Agreement (Beneficial Mutual Bancorp Inc), Merger Agreement (FMS Financial Corp)

Escheat. Notwithstanding anything in this Agreement to the contrary, neither the Exchange Agent nor any party hereto shall be liable to a former holder of Company CoVest Common Stock for any consideration cash or securities delivered to a public official pursuant to applicable escheat or abandoned property laws.

Appears in 2 contracts

Sources: Merger Agreement (Covest Bancshares Inc), Merger Agreement (Midwest Banc Holdings Inc)

Escheat. Notwithstanding anything in this Agreement to the contrary, neither the Exchange Agent nor any party hereto shall be liable to a former holder of Company Bancorp Common Stock for any consideration delivered to a public official pursuant to applicable escheat or abandoned property laws.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (Westco Bancorp Inc), Agreement and Plan of Reorganization (Maf Bancorp Inc)

Escheat. Notwithstanding anything in this Agreement to the contrary, neither the Exchange Agent nor any party hereto shall be liable to a former holder of Company Piedmont Common Stock for any consideration delivered to a public official pursuant to applicable escheat or abandoned property laws.

Appears in 1 contract

Sources: Merger Agreement (Privatebancorp Inc)

Escheat. Notwithstanding anything in this Agreement to the contrary, neither the Exchange Agent nor any party hereto shall be liable to a former holder of Company CSFC Common Stock for any consideration delivered to a public official pursuant to applicable escheat or abandoned property laws.

Appears in 1 contract

Sources: Merger Agreement (LaPorte Bancorp, Inc.)

Escheat. Notwithstanding anything in this Agreement to the contraryforegoing, neither the Exchange Agent nor any party hereto shall be liable to a former holder of the Company Common Stock for any consideration cash delivered to a public official pursuant to applicable escheat or abandoned property laws.

Appears in 1 contract

Sources: Merger Agreement (Damen Financial Corp)

Escheat. Notwithstanding anything in this Agreement to the contrary, neither the Exchange Agent nor any party hereto shall be liable to a former holder of Company Common Stock for any consideration cash or securities delivered to a public official pursuant to applicable escheat or abandoned property laws.

Appears in 1 contract

Sources: Merger Agreement (Maf Bancorp Inc)